Tuesday, 5 March 2013

Tax Rates

Individual / HUF / AOP / BOI
Income Slab
Assessee Type
AY 2013-14
AY 2014-15
AY 2015-16
Exemption Limit -
Individual (age < 60 yrs)
/ HUF / AOP / BOI
2,00,000
2,00,000
2,50,000
Resident Senior Citizen
(> 60 yrs but < 80 yrs)
2,50,000
2,50,000
3,00,000
Resident Super Senior Citizen
(Age 80+ yrs)
5,00,000
5,00,000
5,00,000
Rs. 2,00,000 - Rs. 5,00,000
10%
10%*
10%
Rs. 5,00,001 - Rs. 10,00,000
20%
20%
20%
> Rs. 10,00,001
30%
30%
30%
Surcharge (total income > Rs. 1 Crore)
NIL
10%
10%
Education Cess & SHEC
3%
3%
3%
* tax credit of Rs. 2,000 - to resident individual with income upto 5L
Partnership Firm
Particulars
AY 2013-14
AY 2014-15
AY 2014-15
Tax Rate
30%
30%
30%
Surcharge (total income > Rs. 1 Crore)
NIL
10%
10%
AMT (u/s 115JC)
18.5%
NIL
NIL
Education Cess & SHEC
3%
3%
3%
LLP
Particulars
AY 2013-14
AY 2014-15
AY 2014-15
Tax Rate
30%
30%
30%
Surcharge (total income > Rs. 1 Crore)
NIL
10%
10%
AMT (u/s 115JC)
18.5%
18.5%
18.5%
Education Cess & SHEC
3%
3%
3%
Domestic Company
Particulars
AY 2013-14
AY 2014-15
AY 2014-15
Tax Rate
30%
30%
30%
Surcharge (total income Rs. 1-10 Crore)
5%
5%
5%
Surcharge (total income > Rs. 10 Crore)
5%
10%
10%
MAT (u/s 115JB) *
18.5%
18.5%
18.5%
Surcharge on MAT (total income > Rs. 1 Crore)
NIL
5%
5%
Education Cess & SHEC
3%
3%
3%
Dividend Distribution Tax  -u/s 115-O
15%
15%
15%
Surcharge
5%
10%
10%
Education Cess & SHEC
3%
3%
3%
* MAT Credit can be carried forward for 10 years
Foreign Company
Particulars
AY 2013-14
AY 2014-15
AY 2014-15
Tax Rate
40%
40%
40%
Surcharge (total income Rs. 1-10 Crore)
2%
2%
2%
Surcharge (total income > Rs. 10 Crore)
2%
5%
5%
MAT (u/s 115JB)
18.5%
18.5%
18.5%
Surcharge on MAT (total income > Rs. 1 Crore)
NIL
2%
2%
Education Cess & SHEC
3%
3%
3%
* MAT Credit can be carried forward for 10 years
Co-Operative Society
Income Slab
AY 2013-14
AY 2014-15
AY 2015-16
< 10,000
10%
10%
10%
10,001 - 20,000
20%
20%
20%
> 20,001
30%
30%
30%

Surcharge (total income > Rs. 1 Crore)
NIL
10%
10%
Short Term Capital Gain
Particulars
AY 2013-14
AY 2014-15
AY 2014-15
Tax Rate
15%
15%
15%
Surcharge (Indl / HUF / AOP / BOI / Firm etc.)
(total income < 1 Crore)
NIL
NIL
NIL
Surcharge (Indl / HUF / AOP / BOI / Firm etc.)
(total income > 1 Crore)
NIL
10%
10%
Surcharge (Domestic Company)
(total income 1-10 Crore)
5%
5%
5%
Surcharge (Domestic Company)
(total income > 10 Crore)
5%
10%
10%
Surcharge (Foreign Company)
(total income 1-10 Crore)
2%
2%
2%
Surcharge (Foreign Company)
(total income > 10 Crore)
2%
5%
5%
Education Cess & SHEC
3%
3%
3%
Long Term Capital Gain
Particulars
AY 2013-14
AY 2014-15
AY 2014-15
Tax Rate (with indexation)
20%
20%
20%
Tax Rate (without indexation -
for listed securities on which STT not paid)
10%
10%
10%
Tax Rate (for listed securities on which STT paid)
NIL
NIL
NIL
Surcharge (Indl / HUF / AOP / BOI / Firm etc.)
(total income < 1 Crore)
NIL
NIL
NIL
Surcharge (Indl / HUF / AOP / BOI / Firm etc.)
(total income > 1 Crore)
NIL
10%
10%
Surcharge (Domestic Company)
(total income 1-10 Crore)
5%
5%
5%
Surcharge (Domestic Company)
(total income > 10 Crore)
5%
10%
10%
Surcharge (Foreign Company)
(total income 1-10 Crore)
2%
2%
2%
Surcharge (Foreign Company)
(total income > 10 Crore)
2%
5%
5%
Education Cess & SHEC
3%
3%
3%

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