Income Tax Slabs & Rates for Non-Resident

Income Tax Slabs for FY 2019-20 (AY 2020-21)

Non-resident Income Tax Slabs for Individual

Note : Benefit of Rebate u/s 87/A not available

Non-resident Income Tax Slabs for Hindu Undivided Families (HUF)

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)

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)

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

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