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

  • Deadline for filing income-tax returns (ITR) for FY 2019-20 (AY 2020-21)

    Jan 10th ,2021
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for December 2020

    Jan 10th ,2021
  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for December 2020

    Jan 10th ,2021
  • Due date for Payment of TDS/ TCS for Oct 20- IT

    Jan 10th ,2021
  • GSTR 1 for December 2020 (turnover more than INR. 1.50 Crore)

    Jan 11th ,2021
  • Monthly GSTR 6 for December 2020

    Jan 13th ,2021