Wednesday, 1 February 2017

Income Tax Rate Chart for Financial Year 2017-18

Income Tax Rate Chart for Financial Year 2017-18

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Income Tax Slab rates for the period April 2017 to March 2018
Legal EntityIncome DetailsTax RateSurchargeCessNet Tax Rate
Individuals/HUFS/AOP/BOI Upto 2.5 Lacs  **    
  2.5 Lacs to 5  Lacs5.00%               –0.15%5.15%
  5 Lacs to 10 Lacs20.00%               –0.60%20.60%
  10 Lacs to 50 Lacs30.00%               –0.90%30.90%
  50 Lacs to 1 Crore30.00%3.00%0.99%33.99%
  > 1 Crore30.00%4.50%1.04%35.54%
      
Corporates     
      
Domestic Companies     
Turnover ## > 50 Crores Upto 1 Crore30.00%               –0.90%30.90%
  1 Crore to 10 Crore30.00%2.10%0.96%33.06%
  > 10 Crore30.00%3.60%1.01%34.61%
      
Turnover ## < 50 Crores Upto 1 Crore25.00%               –0.75%25.75%
  1 Crore to 10 Crore25.00%1.75%0.80%27.55%
  > 10 Crore25.00%3.00%0.84%28.84%
      
Partnership Firms /LLP’s Upto 1 Crore30.00%               –0.90%30.90%
  > 1 Crore30.00%3.60%1.01%34.61%
       
**      
If Age is Exemption Limit     
0-59 2.5 Lacs     
60-79 3 Lacs     
>=80 5 Lacs     
       
## – Turnover for the period April 2015 to March 2016 is to be considered  

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