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AY 2006-2007
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 100000 NIL NIL NIL
Rs. 100000 to Rs. 150000 10% of (total income - Rs. 100000) NIL 2%
Rs. 150000 to Rs. 250000 Rs. 5000 + 20% of (total income - Rs. 150000) NIL 2%
Rs. 250000 to Rs. 1000000 Rs. 25000 + 30% of (total income - Rs. 250000) NIL 2%
Above Rs. 1000000 Rs. 250000 + 30% of (total income - Rs. 1000000) 10% 2%
Individual (FEMALE)
Upto Rs. 135000 NIL NIL NIL
Rs. 135000 to Rs. 150000 10% of (total income - Rs. 135000) NIL 2%
Rs. 150000 to Rs. 250000 Rs. 1500 + 20% of (total income - Rs. 150000) NIL 2%
Rs. 250000 to Rs. 1000000 Rs. 21500 + 30% of (total income - Rs. 250000) NIL 2%
Above Rs. 1000000 Rs. 246500 + 30% of (total income - Rs. 1000000) 10% 2%
Individual (SENIOR CITIZEN)
Upto Rs. 185000 NIL NIL NIL
Rs. 185000 to Rs. 250000 20% of (total income - Rs. 185000) NIL 2%
Rs. 250000 to Rs. 1000000 Rs. 13000 + 30% of (total income - Rs. 250000) NIL 2%
Above Rs. 1000000 Rs. 238000 + 30% of (total income - Rs. 1000000) 10% 2%
SURCHARGE
EDU. CESS
AY 2006-2007
Individual (MALE)
NIL
NIL
NIL
NIL
NIL
Individual (FEMALE)
NIL
NIL
NIL
NIL
NIL
Individual (SENIOR CITIZEN)
NIL
NIL
NIL
NIL
HIGHER EDU. CESS
AY 2007-2008
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 100000 NIL NIL NIL
Rs. 100000 to Rs. 150000 10% of (total income - Rs. 100000) NIL 2%
Rs. 150000 to Rs. 250000 Rs. 5000 + 20% of (total income - Rs. 150000) NIL 2%
Rs. 250000 to Rs. 1000000 Rs. 25000 + 30% of (total income - Rs. 250000) NIL 2%
Above Rs. 1000000 Rs. 250000 + 30% of (total income - Rs. 1000000) 10% 2%
Individual (FEMALE)
Upto Rs. 135000 NIL NIL NIL
Rs. 135000 to Rs. 150000 10% of (total income - Rs. 135000) NIL 2%
Rs. 150000 to Rs. 250000 Rs. 1500 + 20% of (total income - Rs. 150000) NIL 2%
Rs. 250000 to Rs. 1000000 Rs. 21500 + 30% of (total income - Rs. 250000) NIL 2%
Above Rs. 1000000 Rs. 246500 + 30% of (total income - Rs. 1000000) 10% 2%
Individual (SENIOR CITIZEN)
Upto Rs. 185000 NIL NIL NIL
Rs. 185000 to Rs. 250000 20% of (total income - Rs. 185000) NIL 2%
Rs. 250000 to Rs. 1000000 Rs. 13000 + 30% of (total income - Rs. 250000) NIL 2%
Above Rs. 1000000 Rs. 238000 + 30% of (total income - Rs. 1000000) 10% 2%
SURCHARGE
EDU. CESS
AY 2007-2008
Individual (MALE)
NIL
NIL
NIL
NIL
NIL
Individual (FEMALE)
NIL
NIL
NIL
NIL
NIL
Individual (SENIOR CITIZEN)
NIL
NIL
NIL
NIL
HIGHER EDU. CESS
document.xls for AY 2008-2009 (Salary)
5
AY 2008 -2009
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 110000 NIL NIL NIL NIL
Rs. 110000 to Rs. 150000 10% of (total income - Rs. 110000) NIL 2% 1%
Rs. 150000 to Rs. 250000 Rs. 4000 + 20% of (total income - Rs. 150000) NIL 2% 1%
Rs. 250000 to Rs. 1000000 Rs. 24000 + 30% of (total income - Rs. 250000) NIL 2% 1%
Above Rs. 1000000 Rs. 249000 + 30% of (total income - Rs. 1000000) 10% 2% 1%
Individual (FEMALE)
Upto Rs. 145000 NIL NIL NIL NIL
Rs. 145000 to Rs. 150000 10% of (total income - Rs. 145000) NIL 2% 1%
Rs. 150000 to Rs. 250000 Rs. 500 + 20% of (total income - Rs. 150000) NIL 2% 1%
Rs. 250000 to Rs. 1000000 Rs. 20500 + 30% of (total income - Rs. 250000) NIL 2% 1%
Above Rs. 1000000 Rs. 245500 + 30% of (total income - Rs. 1000000) 10% 2% 1%
Individual (SENIOR CITIZEN)
Upto Rs. 195000 NIL NIL NIL NIL
Rs. 195000 to Rs. 250000 20% of (total income - Rs. 195000) NIL 2% 1%
Rs. 250000 to Rs. 1000000 Rs. 11000 + 30% of (total income - Rs. 250000) NIL 2% 1%
Above Rs. 1000000 Rs. 236000 + 30% of (total income - Rs. 1000000) 10% 2% 1%
SURCHARGE
EDU. CESS
HIGHER EDU. CESS
document.xls for AY 2008-2009 (Non Salary)
6
DESCRIPTION
AY 2008-2009
TAX EDU. CESS REMARK
193 Interest on securities 10% 10% 2% 1% Rs. 2500
194 Dividends 10% 10% 2% 1%
194A 10% 10% 2% 1%
194B 30% 10% 2% 1%
194BB 30% 10% 2% 1% Rs. 2500
194C 2% 10% 2% 1%
194D Insurance Commision 10% 10% 2% 1% Rs. 5000
194EE Deposits under NSS 20% 10% 2% 1% Rs. 2500
194F 20% 10% 2% 1%
194G 10% 10% 2% 1% Rs. 1000
194H 10% 10% 2% 1% Rs. 2500
194I Rent 10% 10% 2% 1% Rs. 120000
194J 10% 10% 2% 1% Rs. 20000
SECTION CODE SURCHARGE
(if Applicable)HIGHER
EDU. CESSLimit for Tax
Deduction
In case of domestic company, rate of Tax is 20%
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Interest other than Interest on Securities
In case of domestic company, rate of Tax is 20%
Banking Company / Co-operative society / Post Office- Rs. 5000(upto May31, 2007) & Rs. 10000 (from June 1, 2007) Others - Rs. 5000
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
In case of advertising contract, rate of tax is 1%
Rs. 20000 in a single payment or Rs. 50000 in aggregate
In case of domestic company, rate of Tax is 20%
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
Upto May 31,2007, rate of tax is 5 %
Up to 31/05/2007, 15% in Case of Individual and HUF and 20% in case of others AND after 31/05/2007In case of rent of land, building or furniture to an Individual or HUF, rate of tax is 15%, In case of rent of land, building or furniture to a person other than an Individual or HUF, rate of tax is 20% In Case of Plant And Machinery Rate is 10%
Fees for Professional or Technical Services
Upto May 31,2007, rate of tax is 5 %
document.xls for AY 2008-2009 (Non Salary)
7
DESCRIPTION
AY 2008-2009
TAX EDU. CESS REMARK SECTION
CODE SURCHARGE (if Applicable)
HIGHER EDU. CESS
Limit for Tax Deduction
194K 10% 10% 2% 1% Rs.2500
194LA 10% 10% 2% 1% Rs. 100000
Note:
6CA 1% 10% 2% 1%
6CI Tendu Leaves 5% 10% 2% 1%
6CB 3% 10% 2% 1%
6CC 3% 10% 2% 1%
6CD 3% 10% 2% 1%
6CE Scrap 1% 10% 2% 1%
6CF Parking Lot 2% 10% 2% 1%
6CG Toll plaza 2% 10% 2% 1%
Income in respect of units
Compensation on acquisition of immovable property
Surcharge is applicable to every section in case where the amount subject to tax deduction exceeds Rs. 1000000 in case of an individual HUF, BOI, AOP & Rs. 1 crore in case of a firm/domestic company
Alcholic Liquor For Human Consumption
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Timber obtained Under a Forest Leade
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Timber obtained (other than Forest)
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Forest Produce (other than Tendu Leaves)
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
document.xls for AY 2008-2009 (Non Salary)
8
DESCRIPTION
AY 2008-2009
TAX EDU. CESS REMARK SECTION
CODE SURCHARGE (if Applicable)
HIGHER EDU. CESS
Limit for Tax Deduction
6CH Mining And Quarrying 2% 10% 2% 1%
Note:
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Surcharge is applicable to every section in case where the amount subject to tax deduction exceeds Rs. 1000000 in case of an individual HUF, BOI, AOP & Rs. 1 crore in case of a firm/domestic company
document.xls for AY 2009-2010 (Salary)
9
AY 2009 -2010
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 150000 NIL NIL NIL NIL
Rs. 150000 to Rs. 300000 10% of (total income - Rs. 150000) NIL 2% 1%
Rs. 300000 to Rs. 500000 Rs. 15000 + 20% of (total income - Rs. 300000) NIL 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 55000 + 30% of (total income - Rs. 500000) NIL 2% 1%
Above Rs. 1000000 Rs. 205000 + 30% of (total income - Rs. 1000000) 10% 2% 1%
Individual (FEMALE)
Upto Rs. 180000 NIL NIL NIL NIL
Rs. 180000 to Rs. 300000 10% of (total income - Rs. 180000) NIL 2% 1%
Rs. 300000 to Rs. 500000 Rs. 12000 + 20% of (total income - Rs. 300000) NIL 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 52000 + 30% of (total income - Rs. 500000) NIL 2% 1%
Above Rs. 1000000 Rs. 202000 + 30% of (total income - Rs. 1000000) 10% 2% 1%
Individual (SENIOR CITIZEN)
Upto Rs. 225000 NIL NIL NIL NIL
Rs. 225000 to Rs. 300000 10% of (total income - Rs. 225000) NIL 2% 1%
Rs. 300000 to Rs. 500000 Rs. 7500 + 20% of (total income - Rs. 300000) NIL 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 47500 + 30% of (total income - Rs. 500000) NIL 2% 1%
Above Rs. 1000000 Rs. 197500 + 30% of (total income - Rs. 1000000) 10% 2% 1%
SURCHARGE
EDU. CESS
HIGHER EDU. CESS
document.xls for AY 2009-2010 (Non Salary)
10
DESCRIPTION
AY 2009-2010
TAX EDU. CESS REMARK
193 Interest on securities 10% 10% 2% 1% Rs. 2500
194 Dividends 10% 10% 2% 1%
194A 10% 10% 2% 1%
194B 30% 10% 2% 1%
194BB 30% 10% 2% 1% Rs. 2500
194C 2% 10% 2% 1%
194D Insurance Commision 10% 10% 2% 1% Rs. 5000
194EE Deposits under NSS 20% 10% 2% 1% Rs. 2500
194F 20% 10% 2% 1%
194G 10% 10% 2% 1% Rs. 1000
194H 10% 10% 2% 1% Rs. 2500
194I Rent 10% 10% 2% 1% Rs. 120000
194J 10% 10% 2% 1% Rs. 20000
194K 10% 10% 2% 1% Rs.2500
194LA 10% 10% 2% 1% Rs. 100000
Note:
6CA 1% 10% 2% 1%
SECTION CODE SUCHARGE (if
Applicable)HIGHER
EDU. CESSLimit for Tax
Deduction
In case of domestic company, rate of Tax is 20%
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Interest other than Interest on Securities
In case of domestic company, rate of Tax is 20%
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
In case of advertising contract, rate of tax is 1%
Rs. 20000 in a single payment or Rs. 50000 in aggregate
In case of domestic company, rate of Tax is 20%
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
In case of rent of land, building or furniture to an Individual or HUF, rate of tax is 15%, In case of rent of land, building or furniture to a person other than an Individual or HUF, rate of tax is 20%
Fees for Professional or Technical Services
Income in respect of units
Compensation on acquisition of immovable property
Surcharge is applicable to every section in case where the amount subject to tax deduction exceeds Rs. 1000000 in case of an individual HUF, BOI, AOP & Rs. 1 crore in case of a firm/domestic company
Alcholic Liquor For Human Consumption
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
document.xls for AY 2009-2010 (Non Salary)
11
DESCRIPTION
AY 2009-2010
TAX EDU. CESS REMARKSECTION
CODE SUCHARGE (if Applicable)
HIGHER EDU. CESS
Limit for Tax Deduction
6CI Tendu Leaves 5% 10% 2% 1%
6CB 3% 10% 2% 1%
6CC 3% 10% 2% 1%
6CD 3% 10% 2% 1%
6CE Scrap 1% 10% 2% 1%
6CF Parking Lot 2% 10% 2% 1%
6CG Toll plaza 2% 10% 2% 1%
6CH Mining And Quarrying 2% 10% 2% 1%
Note:
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Timber obtained Under a Forest Leade
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Timber obtained (other than Forest)
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Forest Produce (other than Tendu Leaves)
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Surcharge is applicable to every section in case where the amount subject to tax deduction exceeds Rs. 1000000 in case of an individual HUF, BOI, AOP & Rs. 1 crore in case of a firm/domestic company
document.xls for AY 2010-2011 (Salary)
12
AY 2010 -2011
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 160000 NIL NIL NIL NIL
Rs. 160000 to Rs. 300000 10% of (total income - Rs. 160000) NIL 2% 1%
Rs. 300000 to Rs. 500000 Rs. 14000 + 20% of (total income - Rs. 300000) NIL 2% 1%
Above 500000 Rs. 54000 + 30% of (total income - Rs. 500000) NIL 2% 1%
Individual (FEMALE)
Upto Rs. 190000 NIL NIL NIL NIL
Rs. 190000 to Rs. 300000 10% of (total income - Rs. 190000) NIL 2% 1%
Rs. 300000 to Rs. 500000 Rs. 11000 + 20% of (total income - Rs. 300000) NIL 2% 1%
Above Rs. 500000 Rs. 51000 + 30% of (total income - Rs. 500000) NIL 2% 1%
Individual (SENIOR CITIZEN)
Upto Rs. 240000 NIL NIL NIL NIL
Rs. 240000 to Rs. 300000 10% of (total income - Rs. 240000) NIL 2% 1%
Rs. 300000 to Rs. 500000 Rs. 6000 + 20% of (total income - Rs. 300000) NIL 2% 1%
Above Rs 500000 Rs. 46000 + 30% of (total income - Rs. 500000) NIL 2% 1%
SURCHARGE
EDU. CESS
HIGHER EDU. CESS
document.xls for AY 2010-2011 (Non Salary)
13
DESCRIPTION
AY 2010-2011 (Payment Up to 18/08/2009) AY 2010-2011 (Payment after 18/08/2009)
TAX SUCHARGE EDU. CESS REMARK TAX EDU. CESS REMARK
193 Interest on securities 10% 10% 2% 1% Rs. 2500 10% 0% 2%* 1%* Rs. 2500
194 Dividends 10% 10% 2% 1% 10% 0% 2%* 1%*
194A 10% 10% 2% 1% 10% 0% 2%* 1%*
194B 30% 10% 2% 1% 30% 2.5%* 2%* 1%*
194BB 30% 10% 2% 1% Rs. 2500 30% 2.5%* 2%* 1%* Rs. 2500
194C 2%* 10% 2% 1% N.A. N.A. N.A. N.A.
194C N.A. N.A. N.A. N.A. N.A. N.A. 2% 0% 2%* 1%* N.A.
194D Insurance Commision 10% 10% 2% 1% Rs. 5000 10% 0% 2%* 1%* Rs. 5000
194EE Deposits under NSS 20% 10% 2% 1% Rs. 2500 20% 2.5%* 2%* 1%* Rs. 2500
SECTION CODE HIGHER
EDU. CESSLimit for
Tax Deduction
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Limit for Tax
Deduction
In case of domestic company, rate of Tax is 20%
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Interest other than Interest on Securities
In case of domestic company, rate of Tax is 20%
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors In case of
advertising contract, rate of tax is 1%
Rs. 20000 in a single payment or Rs. 50000 in aggregate
Rs. 20000 in a single payment or Rs. 50000 in aggregate
Payment to Contractor and Sub- Contractors (on or After 01/10/2009)
In case of Individual and Huf Rate of TDS 1%
In case of domestic company, rate of Tax is 20%
document.xls for AY 2010-2011 (Non Salary)
14
DESCRIPTION
AY 2010-2011 (Payment Up to 18/08/2009) AY 2010-2011 (Payment after 18/08/2009)
TAX SUCHARGE EDU. CESS REMARK TAX EDU. CESS REMARKSECTION
CODE HIGHER EDU. CESS
Limit for Tax
Deduction
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Limit for Tax
Deduction
194F 20% 10% 2% 1% 20% 2.5%* 2%* 1%*
194G 10% 10% 2% 1% Rs. 1000 10% 2.5%* 2%* 1%* Rs. 1000
194H 10% 10% 2% 1% Rs. 2500 10% 0% 2%* 1%* Rs. 2500
194I Rent 10% 10% 2% 1% N.A. N.A. N.A. N.A. Rs. 120000
194I N.A. N.A. N.A. N.A. N.A. 10%* 0% 2%* 1%* Rs. 120000
194J 10% 10% 2% 1% Rs. 20000 10% 0% 2%* 1%* Rs. 20000
194K 10% 10% 2% 1% Rs.2500 10% 0% 2%* 1%* Rs.2500
194LA 10% 10% 2% 1% 10% 0% 2%* 1%* Rs. 100000
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
In case of rent of land, building or furniture to an Individual or HUF, rate of tax is 15%, In case of rent of land, building or furniture to a person other than an Individual or HUF, rate of tax is 20%
Rs. 120000
Rent (on or After 01/10/2009)
Rs. 120000
In the Case of Rent of Plant And Machinery Rate of TDS is 2%.
Fees for Professional or Technical Services
Income in respect of units
No Tax to be deducted if Amount less than 2500/-
No Tax to be deducted if Amount less than 2500/-
Compensation on acquisition of immovable property
Rs. 100000
document.xls for AY 2010-2011 (Non Salary)
15
DESCRIPTION
AY 2010-2011 (Payment Up to 18/08/2009) AY 2010-2011 (Payment after 18/08/2009)
TAX SUCHARGE EDU. CESS REMARK TAX EDU. CESS REMARKSECTION
CODE HIGHER EDU. CESS
Limit for Tax
Deduction
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Limit for Tax
Deduction
6CA 1% 10% 2% 1% 1% 2.5%* 2%* 1%*
6CI Tendu Leaves 5% 10% 2% 1% 5% 2.5%* 2%* 1%*
6CB 2.5% 10% 2% 1% 2.5% 2.5%* 2%* 1%*
6CC 2.5% 10% 2% 1% 2.5% 2.5%* 2%* 1%*
6CD 2.5% 10% 2% 1% 2.5% 2.5%* 2%* 1%*
Alcholic Liquor For Human Consumption
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Timber obtained Under a Forest Leade
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Timber obtained (other than Forest)
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Forest Produce (other than Tendu Leaves)
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
document.xls for AY 2010-2011 (Non Salary)
16
DESCRIPTION
AY 2010-2011 (Payment Up to 18/08/2009) AY 2010-2011 (Payment after 18/08/2009)
TAX SUCHARGE EDU. CESS REMARK TAX EDU. CESS REMARKSECTION
CODE HIGHER EDU. CESS
Limit for Tax
Deduction
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Limit for Tax
Deduction
6CE Scrap 1% 10% 2% 1% 1% 2.5%* 2%* 1%*
6CF Parking Lot 2% 10% 2% 1% 2% 2.5%* 2%* 1%*
6CG Toll plaza 2% 10% 2% 1% 2% 2.5%* 2%* 1%*
6CH Mining And Quarrying 2% 10% 2% 1% 2% 2.5%* 2%* 1%*
* Note: For Non Salary and TCS
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
In case of non-domestic company & amount liable to tax exceeds Rs. 1 crore, rate of surcharge is 2.5%
Surcharge is applicable to every section in case where the amount subject to tax deduction exceeds Rs. 1000000 in case of an individual HUF, BOI, AOP & Rs. 1 crore in case of a firm/ company. In case of Foreign Company Rate of Surcharge is 2.50%
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2.5%) Required to be Deducted* In case payment made to Non Resident , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2011 -2012
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 160000 NIL NIL NIL
Rs. 160000 to Rs. 500000 10% of (total income - Rs. 160000) NIL 2%
Rs. 500000 to Rs. 800000 Rs. 34000 + 20% of (total income - Rs. 500000) NIL 2%
Above 800000 Rs. 94000 + 30% of (total income - Rs. 800000) NIL 2%
Individual (FEMALE)
Upto Rs. 190000 NIL NIL NIL
Rs. 190000 to Rs. 500000 10% of (total income - Rs. 190000) NIL 2%
Rs. 500000 to Rs. 800000 Rs. 31000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs. 800000 Rs. 91000 + 30% of (total income - Rs. 800000) NIL 2%
Individual (SENIOR CITIZEN)
Upto Rs. 240000 NIL NIL NIL
Rs. 240000 to Rs. 500000 10% of (total income - Rs. 240000) NIL 2%
Rs. 500000 to Rs. 800000 Rs. 26000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs 800000 Rs. 86000 + 30% of (total income - Rs. 800000) NIL 2%
SURCHARGE
EDU. CESS
AY 2011 -2012
Individual (MALE)
NIL
1%
1%
1%
Individual (FEMALE)
NIL
1%
1%
1%
Individual (SENIOR CITIZEN)
NIL
1%
1%
1%
HIGHER EDU. CESS
DESCRIPTION
AY 2011-2012
TAX EDU. CESS
193 Interest on securities 10% 0% 0% 0%
194 Dividends 10% 0% 0% 0%
194A 10% 0% 0% 0%
194B 30% 0% 0% 0%
194BB 30% 0% 0% 0%
194C 0% 0% 0%
194D Insurance Commision 10% 0% 0% 0%194EE Deposits under NSS 20% 0% 0% 0%
194F 20% 0% 0% 0%
194G 10% 0% 0% 0%
194H 10% 0% 0% 0%
194I Rent 0% 0% 0%
194J 10% 0% 0% 0%
194K 10% 0% 0% 0%
194LA 10% 0% 0% 0%
6CA 1% 2.5%* 2%* 1%*
SECTION CODE
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Interest other than Interest on Securities
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
1% (in Case of Individual and Huf) /In other Case 2%
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
2% in Case of Rent of P&M / In other Case it is 10%
Fees for Professional or Technical Services
Income in respect of units
Compensation on acquisition of immovable property
Alcholic Liquor For Human Consumption
6CI Tendu Leaves 5% 2.5%* 2%* 1%*
6CB 2.5% 2.5%* 2%* 1%*
6CC 2.5% 2.5%* 2%* 1%*
6CD 2.5% 2.5%* 2%* 1%*
6CE Scrap 1% 2.5%* 2%* 1%*
6CF Parking Lot 2% 2.5%* 2%* 1%*
6CG Toll plaza 2% 2.5%* 2%* 1%*
Timber obtained Under a Forest Leade
Timber obtained (other than Forest)
Forest Produce (other than Tendu Leaves)
6CH Mining And Quarrying 2% 2.5%* 2%* 1%*
* Note: For Non Salary and TCS
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2.5%) Required to be Deducted* In case payment made to Non Resident , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2011-2012
Rs. 2500 Rs. 2500
Rs. 5000 Rs. 10000
Rs. 2500 Rs. 5000
Rs. 5000 Rs. 20000Rs. 2500 Rs. 2500
Rs. 1000 Rs. 1000
Rs. 2500 Rs. 5000
Rs. 120000 Rs. 180000
Rs. 20000 Rs. 30000
Rs.2500 Rs.2500
Rs. 100000 Rs. 100000
No Exemption Limit No Exemption Limit
Limit for Tax Deduction Upto June 30,2010
New Limit for Tax Deduction from July 1 ,
2010
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Rs. 20000 in a single payment or Rs. 50000 in aggregate
Rs. 30000 in a single payment or Rs. 75000 in aggregate
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
No Exemption Limit No Exemption Limit
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than
* In case payment made to Non Resident , Education Cess And Secondary And Higher
AY 2012 -2013
Individual (MALE)
INCOME SLAB TAX
Upto Rs. 180000 NIL NIL NIL
Rs. 180000 to Rs. 500000 10% of (total income - Rs. 180000) NIL 2%
Rs. 500000 to Rs. 800000 Rs. 32000 + 20% of (total income - Rs. 500000) NIL 2%
Above 800000 Rs. 92000 + 30% of (total income - Rs. 800000) NIL 2%
Individual (FEMALE)
Upto Rs. 190000 NIL NIL NIL
Rs. 190000 to Rs. 500000 10% of (total income - Rs. 190000) NIL 2%
Rs. 500000 to Rs. 800000 Rs. 31000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs. 800000 Rs. 91000 + 30% of (total income - Rs. 800000) NIL 2%
Individual (SENIOR CITIZEN)
Upto Rs. 250000 NIL NIL NIL
Rs. 250000 to Rs. 500000 10% of (total income - Rs. 250000) NIL 2%
Rs. 500000 to Rs. 800000 Rs. 25000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs 800000 Rs. 85000 + 30% of (total income - Rs. 800000) NIL 2%
Individual (VERY SENIOR CITIZEN)
Upto Rs. 500000 NIL NIL NIL
Rs. 500000 to Rs. 800000 20% of (total income - Rs. 500000) NIL 2%
Above Rs 800000 Rs. 60000 + 30% of (total income - Rs. 800000) NIL 2%
SURCHARGE
EDU. CESS
AY 2012 -2013
Individual (MALE)
NIL
1%
1%
1%
Individual (FEMALE)
NIL
1%
1%
1%
Individual (SENIOR CITIZEN)
NIL
1%
1%
1%
Individual (VERY SENIOR CITIZEN)
NIL
1%
1%
HIGHER EDU. CESS
DESCRIPTION
AY 2012-2013
TAX EDU. CESS
193 Interest on securities 10% 0% 0% 0%
194 Dividends 10% 0% 0% 0%
194A 10% 0% 0% 0%
194B 30% 0% 0% 0%
194BB 30% 0% 0% 0%
194C 0% 0% 0%
194D Insurance Commision 10% 0% 0% 0%194EE Deposits under NSS 20% 0% 0% 0%
194F 20% 0% 0% 0%
194G 10% 0% 0% 0%
194H 10% 0% 0% 0%
194I Rent 0% 0% 0%
194J 10% 0% 0% 0%
194K 10% 0% 0% 0%
194LA 10% 0% 0% 0%
194LB
5% 0% 0% 0%
6CA 1% 2.5%* 2%* 1%*
SECTION CODE
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Interest other than Interest on Securities
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
1% (in Case of Individual and Huf) /In other Case 2%
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
2% in Case of Rent of P&M / In other Case it is 10%
Fees for Professional or Technical Services
Income in respect of units
Compensation on acquisition of immovable property
Income by way of interest from infrastructure debt fund payable
Alcholic Liquor For Human Consumption
6CI Tendu Leaves 5% 2.5%* 2%* 1%*
6CB 2.5% 2.5%* 2%* 1%*
6CC 2.5% 2.5%* 2%* 1%*
6CD 2.5% 2.5%* 2%* 1%*
6CE Scrap 1% 2.5%* 2%* 1%*
6CF Parking Lot 2% 2.5%* 2%* 1%*
6CG Toll plaza 2% 2.5%* 2%* 1%*
Timber obtained Under a Forest Leade
Timber obtained (other than Forest)
Forest Produce (other than Tendu Leaves)
6CH Mining And Quarrying 2% 2.5%* 2%* 1%*
* Note: For Non Salary and TCS
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2% If payment exceed from 1.00 Crore) Required to be Deducted* In case payment made to Non Resident , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2012-2013
Limit for Tax Deduction
Rs. 2500
Rs. 10000
Rs. 5000
Rs. 20000Rs. 2500
Rs. 1000
Rs. 5000
Rs. 180000
Rs. 30000
Rs.2500
Rs. 100000
No Exemption Limit
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Rs. 30000 in a single payment or Rs. 75000 in aggregate
No Exemption Limit(w.e.f 1st June 2011)
No Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption Limit
AY 2013 -2014
INDIVIDUAL other then Senior citizen or very senior citizen
INCOME SLAB TAX
Upto Rs. 200000 NIL NIL NIL NIL
Rs. 200000 to Rs. 500000 10% of (total income - Rs. 200000) NIL 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 30000 + 20% of (total income - Rs. 500000) NIL 2% 1%
Above 1000000 Rs. 130000 + 30% of (total income - Rs. 1000000) NIL 2% 1%
INDIVIDUAL (SENIOR CITIZEN)
Upto Rs. 250000 NIL NIL NIL NIL
Rs. 250000 to Rs. 500000 10% of (total income - Rs. 250000) NIL 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 25000 + 20% of (total income - Rs. 500000) NIL 2% 1%
Above Rs 1000000 Rs. 125000 + 30% of (total income - Rs. 1000000) NIL 2% 1%
INDIVIDUAL (VERY SENIOR CITIZEN)
Upto Rs. 500000 NIL NIL NIL NIL
Rs. 500000 to Rs. 1000000 20% of (total income - Rs. 500000) NIL 2% 1%
Above Rs 1000000 Rs. 100000 + 30% of (total income - Rs. 1000000) NIL 2% 1%
SURCHARGE
EDU. CESS
HIGHER EDU. CESS
DESCRIPTION
AY 2013-2014
TAX EDU. CESS Limit for Tax Deduction
193 Interest on securities 10% 0% 0% 0%
194 Dividends 10% 0% 0% 0%
194A 10% 0% 0% 0%
194B 30% 0% 0% 0% Rs. 10000
194BB 30% 0% 0% 0% Rs. 5000
194C 0% 0% 0%
194D Insurance Commision 10% 0% 0% 0% Rs. 20000194EE Deposits under NSS 20% 0% 0% 0% Rs. 2500
194F 20% 0% 0% 0%
194G 10% 0% 0% 0% Rs. 1000
194H 10% 0% 0% 0% Rs. 5000
194I Rent 0% 0% 0% Rs. 180000
194J 10% 0% 0% 0% Rs. 30000
194K 10% 0% 0% 0% Rs.2500
194LA 10% 0% 0% 0%
194LB5% 0% 0% 0%
194LC 5% 0% 0% 0%
SECTION CODE
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Rs. 2500 (Rs. 5000/- From 1st July , 2012)
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Interest other than Interest on Securities
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
1% (in Case of Individual and
Huf) /In other Case 2%
Rs. 30000 in a single payment or Rs. 75000 in aggregate
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
2% in Case of Rent of P&M / In other Case it is 10%
Fees for Professional or Technical Services
Income in respect of units
Compensation on acquisition of immovable property
Rs. 100000 (Increased to Rs. 200000/- W.e.f 01/07/2012)
Interest from infrastructure debt fund
No Exemption Limit(w.e.f 1st June 2011)
Interest from Indian Company
No Exemption Limit(w.e.f 1st July 2012)
6CA 1% 2.5%* 2%* 1%*
No Exemption Limit
6CI Tendu Leaves 5% 2.5%* 2%* 1%*
No Exemption Limit
6CB 2.5% 2.5%* 2%* 1%*
No Exemption Limit
6CC 2.5% 2.5%* 2%* 1%*
No Exemption Limit
6CD 2.5% 2.5%* 2%* 1%* No Exemption Limit
6CE Scrap 1% 2.5%* 2%* 1%*
No Exemption Limit
6CF Parking Lot 2% 2.5%* 2%* 1%*
No Exemption Limit
Alcholic Liquor For Human Consumption
Timber obtained Under a Forest Leade
Timber obtained (other than Forest)
Forest Produce (other than Tendu Leaves)
6CG Toll plaza 2% 2.5%* 2%* 1%*
No Exemption Limit
6CH Mining And Quarrying 2% 2.5%* 2%* 1%*
No Exemption Limit
6CJ 1% 2.5%* 2%* 1%*
6CK
Bullion or jewellery
1% 2.5%* 2%* 1%*
* Note: For Non Salary and TCS
Minerals, being coal or lignite or iron ore
No Exemption Limit (w.e.f 1st July 2012)
Rs. 200000/- in case of BullionRs. 100000/- in case of Jewellery(w.e.f 1st July 2012)
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2% If payment exceed from 1.00 Crore) Required to be Deducted* In case payment made to Non Resident , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2014 -2015
INDIVIDUAL other then Senior citizen or very senior citizen
INCOME SLAB TAX
Upto Rs. 200000 NIL NIL NIL
Rs. 200000 to Rs. 500000 10% of (total income - Rs. 200000) NIL 2%
Rs. 500000 to Rs. 1000000 Rs. 30000 + 20% of (total income - Rs. 500000) NIL 2%
Above 1000000 Rs. 130000 + 30% of (total income - Rs. 1000000) 10% 2%
INDIVIDUAL (SENIOR CITIZEN)
Upto Rs. 250000 NIL NIL NIL
Rs. 250000 to Rs. 500000 10% of (total income - Rs. 250000) NIL 2%
Rs. 500000 to Rs. 1000000 Rs. 25000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs 1000000 Rs. 125000 + 30% of (total income - Rs. 1000000) 10% 2%
INDIVIDUAL (VERY SENIOR CITIZEN)
Upto Rs. 500000 NIL NIL NIL
Rs. 500000 to Rs. 1000000 20% of (total income - Rs. 500000) NIL 2%
Above Rs 1000000 Rs. 100000 + 30% of (total income - Rs. 1000000) 10% 2%
Rebate U/S 87A, Where Total Income does not Exceed Rs. 500000/- Lower of the Following
1 Tax Payable2 2000/-
SURCHARGE ( Total Income
Exceed Rs. 1 Crore)
EDU. CESS
AY 2014 -2015
INDIVIDUAL other then Senior citizen or very senior citizen
NIL
1%
1%
1%
INDIVIDUAL (SENIOR CITIZEN)
NIL
1%
1%
1%
INDIVIDUAL (VERY SENIOR CITIZEN)
NIL
1%
1%
HIGHER EDU. CESS
DESCRIPTION
AY 2014-2015
TAX EDU. CESS
193 Interest on securities 10% 0% 0% 0%
194 Dividends 10% 0% 0% 0%
194A 10% 0% 0% 0%
194B 30% 0% 0% 0%
194BB 30% 0% 0% 0%
194C 0% 0% 0%
194D Insurance Commision 10% 0% 0% 0%194EE Deposits under NSS 20% 0% 0% 0%
194F 20% 0% 0% 0%
194G 10% 0% 0% 0%
194H 10% 0% 0% 0%
194I Rent 0% 0% 0%
194IA 1% 0% 0% 0%
194J 10% 0% 0% 0%
194LA 10% 0% 0% 0%
6CA 1% 2%* 2%* 1%*
6CI Tendu Leaves 5% 2%* 2%* 1%*
6CB 2.5% 2%* 2%* 1%*
6CC 2.5% 2%* 2%* 1%*
6CD 2.5% 2%* 2%* 1%*
6CE Scrap 1% 2%* 2%* 1%*6CF Parking Lot 2% 2%* 2%* 1%*
SECTION CODE
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Interest other than Interest on Securities
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
1% (in Case of Individual and
Huf) /In other Case 2%
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
a) 2% in Case of Rent of P&M b) In other Case it is 10%
Payment to a Resident Transferor for transfer of any immovable property (Applicable from june 1,2013
Fees for Professional or Technical Services
Compensation on acquisition of immovable property
Alcholic Liquor For Human Consumption
Timber obtained Under a Forest Leade
Timber obtained (other than Forest)
Forest Produce (other than Tendu Leaves)
6CG Toll plaza 2% 2%* 2%* 1%*6CH Mining And Quarrying 2% 2%* 2%* 1%*
6CJ 1% 2%* 2%* 1%*
6CK Bullion or jewellery 1% 2%* 2%* 1%*
* Note: For Non Salary and TCS
Minerals, being coal or lignite or iron ore
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2% If payment exceed from 1.00 Crore but not Exceed 10 Crore, In case Payment Exceed From 10 Crore than rate of Surcharge will be @5%) Required to be Deducted* In case payment made to Non Resident, Surcharge (@10% when Payment exceed Rs. 1 Crore) , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2014-2015
Limit for Tax Deduction
Rs. 10000
Rs. 5000
Rs. 20000Rs. 2500
Rs. 1000
Rs. 5000
Rs. 180000
Rs. 5000000
Rs. 30000
No Exemption LimitNo Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption LimitNo Exemption LimitNo Exemption Limit
Rs. 2500 (Rs. 5000/- From 1st July , 2012)
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Rs. 30000 in a single payment or Rs. 75000 in aggregate
Rs. 100000 (Increased to Rs. 200000/- W.e.f
01/07/2012)
No Exemption LimitNo Exemption Limit
No Exemption Limit (Effective on or after 1st
July, 2012)
Exemption limit 100000/- (effective on or after 1st
July, 2012)
AY 2015-2016
INDIVIDUAL other then Senior citizen or very senior citizen
INCOME SLAB TAX
Upto Rs. 250000 NIL NIL NIL
Rs. 250000 to Rs. 500000 10% of (total income - Rs. 250000) NIL 2%
Rs. 500000 to Rs. 1000000 Rs. 25000 + 20% of (total income - Rs. 500000) NIL 2%
Above 1000000 Rs. 125000 + 30% of (total income - Rs. 1000000) 10% 2%
INDIVIDUAL (SENIOR CITIZEN)
Upto Rs. 300000 NIL NIL NIL
Rs. 300000 to Rs. 500000 10% of (total income - Rs. 300000) NIL 2%
Rs. 500000 to Rs. 1000000 Rs. 20000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs 1000000 Rs. 120000 + 30% of (total income - Rs. 1000000) 10% 2%
INDIVIDUAL (VERY SENIOR CITIZEN)
Upto Rs. 500000 NIL NIL NIL
Rs. 500000 to Rs. 1000000 20% of (total income - Rs. 500000) NIL 2%
Above Rs 1000000 Rs. 100000 + 30% of (total income - Rs. 1000000) 10% 2%
Rebate U/S 87A, Where Total Income does not Exceed Rs. 500000/- Lower of the Following
1 Tax Payable2 2000/-
SURCHARGE ( Total Income
Exceed Rs. 1 Crore)
EDU. CESS
AY 2015-2016
INDIVIDUAL other then Senior citizen or very senior citizen
NIL
1%
1%
1%
INDIVIDUAL (SENIOR CITIZEN)
NIL
1%
1%
1%
INDIVIDUAL (VERY SENIOR CITIZEN)
NIL
1%
1%
HIGHER EDU. CESS
DESCRIPTION
AY 2015-2016
TAX EDU. CESS
193 Interest on securities 10% 0% 0% 0%
194 Dividends 10% 0% 0% 0%
194A 10% 0% 0% 0%
194B 30% 0% 0% 0%
194BB 30% 0% 0% 0%
194C 0% 0% 0%
194D Insurance Commision 10% 0% 0% 0%
194DA 2% 0% 0% 0%
194EE Deposits under NSS 20% 0% 0% 0%
194F 20% 0% 0% 0%
194G 10% 0% 0% 0%
194H 10% 0% 0% 0%
194I Rent 0% 0% 0%
194IA 1% 0% 0% 0%
194J 10% 0% 0% 0%
194LA 10% 0% 0% 0%
194LBA (1) 10% 0% 0% 0%
6CA 1% 2%* 2%* 1%*
SECTION CODE
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Interest other than Interest on Securities
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
1% (in Case of Individual and
Huf) /In other Case 2%
Sum paid under a life insurance policy including Bonus
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
a) 2% in Case of Rent of P&M b) In other Case it is 10%
Payment to a Resident Transferor for transfer of any immovable property (Applicable from june 1,2013
Fees for Professional or Technical Services
Compensation on acquisition of immovable property
Distributed Income referred to in section 115UA
Alcholic Liquor For Human Consumption
6CI Tendu Leaves 5% 2%* 2%* 1%*
6CB 2.5% 2%* 2%* 1%*
6CC 2.5% 2%* 2%* 1%*
6CD 2.5% 2%* 2%* 1%*
6CE Scrap 1% 2%* 2%* 1%*6CF Parking Lot 2% 2%* 2%* 1%*6CG Toll plaza 2% 2%* 2%* 1%*6CH Mining And Quarrying 2% 2%* 2%* 1%*
6CJ 1% 2%* 2%* 1%*
6CK Bullion or jewellery 1% 2%* 2%* 1%*
* Note: For Non Salary and TCS
Timber obtained Under a Forest Leade
Timber obtained (other than Forest)
Forest Produce (other than Tendu Leaves)
Minerals, being coal or lignite or iron ore
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2% If payment exceed from 1.00 Crore but not Exceed 10 Crore, In case Payment Exceed From 10 Crore than rate of Surcharge will be @5%) Required to be Deducted* In case payment made to Non Resident, Surcharge (@10% when Payment exceed Rs. 1 Crore) , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2015-2016
Limit for Tax Deduction
Rs. 10000
Rs. 5000
Rs. 20000
Rs. 100000
Rs. 2500
Rs. 1000
Rs. 5000
Rs. 180000
Rs. 5000000
Rs. 30000
No Exemption Limit
No Exemption Limit
Rs. 2500 (Rs. 5000/- From 1st July , 2012)
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Rs. 30000 in a single payment or Rs. 75000 in aggregate
Rs. 100000 (Increased to Rs. 200000/- W.e.f
01/07/2012)
No Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption LimitNo Exemption LimitNo Exemption LimitNo Exemption LimitNo Exemption Limit
No Exemption Limit (Effective on or after 1st
July, 2012)
Exemption limit 100000/- (effective on or after 1st
July, 2012)
AY 2016-2017
INDIVIDUAL other then Senior citizen or very senior citizen
INCOME SLAB TAX
Upto Rs. 250000 NIL NIL NIL
Rs. 250000 to Rs. 500000 10% of (total income - Rs. 250000) NIL 2%
Rs. 500000 to Rs. 1000000 Rs. 25000 + 20% of (total income - Rs. 500000) NIL 2%
Above 1000000 Rs. 125000 + 30% of (total income - Rs. 1000000) 12% 2%
INDIVIDUAL (SENIOR CITIZEN)
Upto Rs. 300000 NIL NIL NIL
Rs. 300000 to Rs. 500000 10% of (total income - Rs. 300000) NIL 2%
Rs. 500000 to Rs. 1000000 Rs. 20000 + 20% of (total income - Rs. 500000) NIL 2%
Above Rs 1000000 Rs. 120000 + 30% of (total income - Rs. 1000000) 12% 2%
INDIVIDUAL (VERY SENIOR CITIZEN)
Upto Rs. 500000 NIL NIL NIL
Rs. 500000 to Rs. 1000000 20% of (total income - Rs. 500000) NIL 2%
Above Rs 1000000 Rs. 100000 + 30% of (total income - Rs. 1000000) 12% 2%
Rebate U/S 87A, Where Total Income does not Exceed Rs. 500000/- Lower of the Following
1 Tax Payable2 2000/-
Rate of Surcharge is 12% where Total Income is more than 10000000/-
SURCHARGE ( Total Income
Exceed Rs. 1 Crore)
EDU. CESS
AY 2016-2017
INDIVIDUAL other then Senior citizen or very senior citizen
NIL
1%
1%
1%
INDIVIDUAL (SENIOR CITIZEN)
NIL
1%
1%
1%
INDIVIDUAL (VERY SENIOR CITIZEN)
NIL
1%
1%
HIGHER EDU. CESS
DESCRIPTION
AY 2016-2017
TAX EDU. CESS
192A 10% 0% 0% 0%
193 Interest on securities 10% 0% 0% 0%
194 Dividends 10% 0% 0% 0%
194A 10% 0% 0% 0%
194B 30% 0% 0% 0%
194BB 30% 0% 0% 0%
194C 0% 0% 0%
194D Insurance Commision 10% 0% 0% 0%194DASum paid under a life insurance policy including Bonus0.02 0 0 0194EE Deposits under NSS 20% 0% 0% 0%
194F 20% 0% 0% 0%
194G 10% 0% 0% 0%
194H 10% 0% 0% 0%
194I Rent 0% 0% 0%
194IA 1% 0% 0% 0%
194J 10% 0% 0% 0%
194LA 10% 0% 0% 0%
194LBA (1) 10% 0% 0% 0%
SECTION CODE
SUCHARGE (Only Non Domestic Company)
HIGHER EDU. CESS
Accumulated PF balance due to employees (Applicable from 01/06/2015)
Interest other than Interest on Securities
Winning from Lottery or Crossword Puzzle
Winning from Race Horse
Payment to Contractor and Sub- Contractors
1% (in Case of Individual and
Huf) /In other Case 2%
Repurchase of Units by Mutual Fund or UTI
Commission on sale of Lottery Tickets
Commision or Brokerage
a) 2% in Case of Rent of P&M b) In other Case it is 10%
Payment to a Resident Transferor for transfer of any immovable property (Applicable from june 1,2013
Fees for Professional or Technical Services
Compensation on acquisition of immovable property
Distributed Income referred to in section 115UA
194LBB 10% 0% 0% 0%
6CAAlcholic Liquor For Human Consumption 0.01 2%* 2%* 1%*6CI Tendu Leaves 5% 2%* 2%* 1%*
6CB 2.5% 2%* 2%* 1%*
6CC 2.5% 2%* 2%* 1%*
6CD 2.5% 2%* 2%* 1%*
6CE Scrap 1% 2%* 2%* 1%*6CF Parking Lot 2% 2%* 2%* 1%*6CG Toll plaza 2% 2%* 2%* 1%*6CH Mining And Quarrying 2% 2%* 2%* 1%*
6CJ 1% 2%* 2%* 1%*
6CK Bullion or jewellery 1% 2%* 2%* 1%*
* Note: For Non Salary and TCS
Income in respect of Units of an investment fund U/S 115UB
Timber obtained Under a Forest Leade
Timber obtained (other than Forest)
Forest Produce (other than Tendu Leaves)
Minerals, being coal or lignite or iron ore
* For the purpose of Tax Deduction/Collection Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2% If payment exceed from 1.00 Crore but not Exceed 10 Crore, In case Payment Exceed From 10 Crore than rate of Surcharge will be @5%) Required to be Deducted* In case payment made to Non Resident, Surcharge (@10% when Payment exceed Rs. 1 Crore) , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
AY 2016-2017
Limit for Tax Deduction
30000/-
Rs. 10000
Rs. 5000
Rs. 20000Rs. 100000
Rs. 2500
Rs. 1000
Rs. 5000
Rs. 180000
Rs. 5000000
Rs. 30000
No Exemption Limit
Rs. 2500 (Rs. 5000/- From 1st July , 2012)
Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
Banking Company / Co-operative society / Post Office- Rs. 10000 Others - Rs. 5000
Rs. 30000 in a single payment or Rs. 75000 in aggregate
Rs. 100000 (Increased to Rs. 200000/- W.e.f
01/07/2012)
No Exemption Limit
No Exemption LimitNo Exemption Limit
No Exemption Limit
No Exemption Limit
No Exemption LimitNo Exemption LimitNo Exemption LimitNo Exemption LimitNo Exemption Limit
No Exemption Limit (Effective on or after 1st
July, 2012)
Exemption limit 100000/- (effective on or after 1st
July, 2012)