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

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Due Dates

  • Due date for deposit of tax deducted/collected for the month of September, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    Oct 07th ,2021
  • Due date for deposit of TDS for the period July 2021 to September 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

    Oct 07th ,2021
  • GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST laws

    Oct 10th ,2021
  • GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws

    Oct 10th ,2021
  • GSTR 1 for Sep 2021 (turnover more than INR. 1.50 Crore)

    Oct 11th ,2021
  • GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)

    Oct 13th ,2021