Income-tax rates
-
Person
Income limits
Tax rate
(basic rate; surcharge; cess)Resident - Individual, HUF, AOP, BOI, Artificial juridical person
Upto Rs. 1 crore
Maximum rate 30.9% (30%; 0%; 3%)
Above Rs. 1 crore
Maximum rate 35.54% (30%; 15%; 3%)
Non-resident - Individual, HUF, AOP, BOI, Artificial juridical person
Upto Rs. 1 crore
Maximum rate 30.9% (30%; 0%; 3%)
Above Rs. 1 crore
Maximum rate 35.54% (30%; 15%; 3%)
Firm and LLP
Upto Rs. 1 crore
30.9%
(30%; 0%; 3%)
Above Rs. 1 crore
34.6%
(30%; 12%; 3%)
Indian company
(Turnover or gross receipts do not exceed Rs. 5 crores in FY 2014-15)
Upto Rs. 1 crore
29.9%
(29%; 0%; 3%)
Above Rs. 1 crore and upto Rs. 10 crores
31.9%
(29%; 7%; 3%)
Above Rs. 10 crores
33.5%
(29%; 12%; 3%)
Indian company
(Turnover or gross receipts exceed Rs. 5 crores in FY 2014-15)
Upto Rs. 1 crore
30.9%
(30%; 0%; 3%)
Above Rs. 1 crore and upto Rs. 10 crores
33.1%
(30%; 7%; 3%)
Above Rs. 10 crores
34.6%
(30%; 12%; 3%)
Foreign company
Upto Rs. 1 crore
41.2%
(40%; 0%; 3%)
Above Rs. 1 crore and upto Rs. 10 crores
42.0%
(40%; 2%; 3%)
Above Rs. 10 crores
43.3%
(40%; 5%; 3%)