Income Tax Slabs/ Rates for NRIs, HUFs, AOP, BOI, AJP (FY 2018-19/ AY 2019-20)

The income tax slabs or rates applicable for non-resident individuals (NRIs) of all age groups, HUFs, AOPs, BOIs and AJPs, in respect of FY 2018-19 (AY 2019-20), as per the Finance Act, 2018, are as under:

Income Slabs Income Tax Rates
Upto Rs. 2.5 Lacs Nil
Above Rs. 2.5 Lacs but upto Rs. 5 Lacs 5%
Above Rs. 5 Lacs but upto Rs. 10 Lacs 20% plus Rs. 12,500
Above Rs. 10 Lacs 30% plus Rs. 1,12,500


Income Tax Rates for NRIs, HUFs, AOPs, BOIs and AJPs, in each slab, as mentioned above, are inclusive of income tax liability upto previous slab(s). To arrive at total income tax liability, Health & Education Cess and Surcharge are to be applied, as under:

i) Health & Education Cess @ 4% in all cases; and

ii) Surcharge @ 10%/ 15% in cases where total income exceeds Rs. 50 Lacs/ Rs. 1 crore, subject to provisions relating to marginal relief, if applicable.

Related Posts:

Income Tax Slabs/ Rates: Income Tax Cess, Surcharge & Rebate
Resident Individuals Education Cess Rates
NRIs/ HUFs/ AOP/ BOI/ AJP Surcharge Rates
Partnership Firms and LLPs Marginal Relief from Surcharge
Domestic Companies Rebate u/s 87A for Individuals
Foreign Companies  
Co-operative Societies  
Local Authorities  

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