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Rajesh Dhruva
» TAX RATES / TDS etc.
TAX RATES / TDS etc
NRIs CORNER - TAX RATES TABLE AS REGARDS TAXABLE INCOME
FOR THE FINANCIAL YEAR 2021-22
1. For Individual / HUF (Existing Scheme)
|
|
TOTAL INCOME (INR) |
RATE OF INCOME TAX |
|
i) |
0 < 2,50,000 |
NIL |
|
ii) |
2,50,001 < 5,00,000 |
5.2% (5%+4%) of the amount by which the total income exceeds Rs.2,50,000 |
|
iii) |
5,00,001 < 10,00,000 |
Rs.13,000 + 20.8% (20%+4%) of amount by which the total income exceeds Rs.5,00,000 |
|
iv) |
Total income more than 10,00,000 |
Rs.1,17,000 + 31.2% (30%+4%) of amount by which the total income exceeds Rs.10,00,000 |
|
v) |
Total income more than 50,00,000 |
Rs.13,65,000 + 34.32% (30%+10%+4%) of amount by which the total income exceeds Rs.50,00,000 |
|
vi) |
Total income more than 1,00,00,000 |
Rs.31,59,000 + 35.88 % (30%+15%+4%) of amount by which the total income exceeds Rs.1,00,00,000 |
2. For Individual / HUF (New Scheme)
| TOTAL INCOME (INR) | RATE OF INCOME TAX | |
| i) | 0 < 2,50,000 | NIL |
| ii) | 2,50,001 <5,00,000 | 5.2% (5%+4%) of the amount by which the total income exceeds Rs.2,50,000 |
| iii) | 5,00,001 < 7,50,000 | Rs.13,000 + 10.4% (10%+4%) of amount by which the total income exceeds Rs.5,00,000 |
| iv) | 7,50,001 < 10,00,000 | Rs.39,000 + 15.6% (15%+4%) of amount by which the total income exceeds Rs.7,50,000 |
| v) | 10,00,001 < 12,50,000 | Rs.78,000 + 20.8% (20%+4%) of amount by which the total income exceeds Rs.10,00,000 |
| vi) | 12,50,001 < 15,00,000 | Rs.1,30,000 + 26.00% (25%+4%) of amount by which the total income exceeds Rs.12,50,000 |
| vii) | Total income more than 15,00,000 | Rs.1,95,000 + 31.2% (30%+4%) of amount by which the total income exceeds Rs.15,00,000 |
| viii) | Total income more than 50,00,000 | Rs.12,87,000 + 34.32% (30%+10%+4%) of amount by which the total income exceeds Rs.50,00,000 |
| ix) | Total income more than 1,00,00,000 | Rs.30,03,000 + 35.88 % (30%+15%+4%) of amount by which the total income exceeds Rs.1,00,00,000 |
| x) | Total income more than 2,00,00,000 | Rs.65,91,000 + 39.00 % (30%+25%+4%) of amount by which the total income exceeds Rs.2,00,00,000 |
| xi) | Total income more than 5,00,00,000 | Rs.1,82,91,000 + 42.744 % (30%+37%+4%) of amount by which the total income exceeds Rs.5,00,00,000 |
Special Rates for Income Tax: - (For Financial Year 2022-23)
3. Short Term Capital Gain
|
|
TOTAL INCOME (INR) |
RATE OF INCOME TAX % |
|
i) |
Short Term Capital Gain of Equity Shares or unit of an equity oriented fund |
15% |
|
ii) |
Other Short Term Capital Gain |
As per noraml slab rate |
|
|
INCOME (INR) |
RATE OF INCOME TAX % |
|
i) |
Long Term Capital Gain from equity share or unit of an equity oriented fund |
Exempt upto Rs. 1 Lakh. Thereafter tax @ 10% |
|
ii) |
Long Term Capital Gain from listed securities, units and zero coupon bonds |
Tax @ 20% after indexation. |
|
iii) |
Long Term Capital Gain from unlisted securities [In case of a Non-Resident (not being a Company) or a Foreign Company] |
10% |
|
iv) |
Long term Capital Gains on Specified Assets (In case of NRI) · Shares of Indian Companies (both Public and Private) · Debentures of an Indian Public Company · Deposits of an Indian Public Company Government of India Securities |
10% |
|
v) |
Long Term Capital Gain other than the above |
20% subject to Indexation. |
|
vi) |
Benefit of Threshold Exemption Limit is not available to NRI |
|