Income Tax Slabs & Rates for Non-Resident: FY 2019-20 AY 2020-21 | FinacBooks

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

Prakash Verma

Prakash Verma Signature

Praveen Chauhan

Praveen Chauhan Signature

Pradeep Kochhar

Pradeep Kochhar Signature

Section 194IC of Income Tax Act: TDS on Payment under Joint Development

What is Section 194IC of the Income Tax Act Any person who is paying rent to a land owner (owner of land or building or both) under the... Read More

Section 194IA of Income Tax Act: TDS on Property Purchase of Immovable Property

Section 194IA of the income tax act As per section 194IA of the income tax act, it is mandatory for a buyer of immovable property (except... Read More

Section 194IB of Income Tax Act: TDS on Rent paid by Individuals or HUF

What is Section 194IB of the income tax act? As per section 194IB of the income tax act, it is mandatory for individuals/HUF’s who are... Read More

World Map

Contact Us

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