Income Tax Slabs for FY 2019-20 (AY 2020-21)

Income Tax Slabs for Non-residents in India

Non-resident Income Tax Slabs for Individual

Taxable Income Slab Income Tax
Income Upto Rs. 2,50,000 NIL
2,50,001 - 5,00,000 5%
5,00,001 - 10,00,000 20%
Above Rs. 10,00,000 30%
Surcharge*+ Health & Education Cess 4%

Note : Benefit of Rebate u/s 87/A not available

Non-resident Income Tax Slabs for Hindu Undivided Families (HUF)

Taxable Income Slab Income Tax
Income Upto Rs. 2,50,000 NIL
2,50,001 - 5,00,000 5%
5,00,001 - 10,00,000 20%
Above Rs. 10,00,000 30%
Surcharge*+ Health & Education Cess 4%

Note : Benefit of Rebate u/s 87/A not available

Surcharge Rates:

  • More than Rs. 50 Lakhs but upto Rs.1 Cr -10%
  • More than Rs. 1 Cr but upto Rs. 2 Cr- 15%
  • More than Rs. 2 Cr Lakhs but upto Rs. 5 Cr - 25%
  • More than Rs. 5 Cr - 37%

Non-resident Income Tax Slabs for Association of Persons (AOP)

Taxable Income Slab Income Tax
Income Upto Rs. 2,50,000 NIL
2,50,001 - 5,00,000 5%
5,00,001 - 10,00,000 20%
Above Rs. 10,00,000 30%
Surcharge*+ Health & Education Cess 4%

Note : Benefit of Rebate u/s 87/A not available

  • More than Rs. 50 Lakhs but upto Rs.1 Cr -10%
  • More than Rs. 1 Cr but upto Rs. 2 Cr- 15%
  • More than Rs. 2 Cr Lakhs but upto Rs. 5 Cr - 25%
  • More than Rs. 5 Cr - 37%

Non-resident Income Tax Slabs for Body of Individuals (BOI)

Taxable Income Slab Income Tax
Income Upto Rs. 2,50,000 NIL
2,50,001 - 5,00,000 5%
5,00,001 - 10,00,000 20%
Above Rs. 10,00,000 30%
Surcharge*+ Health & Education Cess 4%

Note : Benefit of Rebate u/s 87/A not available

  • More than Rs. 50 Lakhs but upto Rs.1 Cr -10%
  • More than Rs. 1 Cr but upto Rs. 2 Cr- 15%
  • More than Rs. 2 Cr Lakhs but upto Rs. 5 Cr - 25%
  • More than Rs. 5 Cr - 37%

Non-resident Income Tax Slabs for Co-Operative Society

Taxable Income Slab Income Tax
Income Upto Rs. 10,000 10%
Rs 10,001 - 20,000 20%
Above Rs 20,000 30%
Surcharge*+Health & Education Cess 4%

Note : Benefit of Rebate u/s 87/A not available

Surcharge Rates

12% Surcharge on Income Tax above 1 Cr Income

Non-resident Income Tax Slabs for Firms

Firm profits are taxable at a flat rate of 30% for FY 2019-20 (AY 2020-21)

Note :

  • Surcharge + Health and Education Cess @4% (Additional)
  • Benefit of Rebate u/s 87/A not available
  • 12% Surcharge on Income Tax above 1 Cr Income

Non-resident Income Tax Slabs for a Foreign Company

Foreign Company's profit shall be charged at a flat rate of 40% for FY 2019-20 (AY 2020-21)

Note :

  • Surcharge + Health and Education Cess @4% (Additional)
  • Benefit of Rebate u/s 87/A not available
  • Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
  • Total Income exceeds Rs. 10 Cr - 5% surcharge.

Also Read: Income Tax Slabs & Rates for Non-resident: FY 2018-19 AY 2019-20

MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

Form 15G and 15H to Save TDS on Interest Income
02 Jul, 2020

What is Form 15G & Form 15H? Form 15G & Form 15H are the forms which are submitted to banks by the individuals in order to prevent... Read More

Section 80RRB: Tax Saving on Royalty Income on Patent
27 Jun, 2020

Section 80RRB of Income Tax Act Section 80RRB is introduced by the income tax department for individuals to claim deduction on the... Read More

Section 80GGB: Donations to Political Parties by Companies
15 Jun, 2020

Section 80GGB of Income Tax Act Section 80GGB is introduced by the government for the companies to claim tax deduction on the donations... Read More

CONTACT US

We Are Everywhere

We are having a wide network operating all across India as well as Internationally.
World Map

Contact Us


30+ Offices in
India

10+ Years Experience

Save Your
Time

Quick Turn around Time

Qualified Professionals

Excellent Customer Service

CONNECT WITH US

Reviews

We value client relationships and making it better with each passing day.

Rated 4.5 out of 5 based on 1,234 reviews on FinacBooks Logo


Sign up to our

Newsletter

Tax news for chartered accountants, businesses and individual.