Assessment year : 2019 – 20
Previous year : 2018 – 19
1. For resident Senior Citizens. (Age above 60 Years)
Up to Rs 3,00,000Nil
Rs. 3,00,001 to Rs. 5,00,000 5%
Rs. 5,00,001 to Rs. 10,00,00020%
Above Rs. 10,00,00030%
2. For resident Super Senior Citizens. (Age above 80 Years)
Up to Rs 5,00,000Nil
Rs. 5,00,001 to Rs. 10,00,00020%
Above Rs. 10,00,00030%
3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).
Upto Rs. 2,50,000Nil
Rs. 2,50,001 to Rs. 5,00,000 5%
Rs. 5,00,001 to Rs 10,00,00020%
Above Rs. 10,00,00030%
Note: Rebate u/s 87A is added from Finance Act 2017, in which resident individuals are allowed rebate (if their taxable income does not exceed Rs. 3.5 lakh) equal to 100% of income tax or Rs. 2,500 whichever less.
Surcharge :
10% for Individual having taxable Income exceeding  50 Lacs upto 1 Crore
15% for Individual having taxable Income exceeding 1 Crore

Education Cess : 2% on income-tax plus surcharge.

Secondary and Higher Education cess : 1% on income-tax plus surcharge

Long-Term Capital Gains: 20% on income-tax plus surcharge.

Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.

Firms
Income tax : 30%.

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Companies
(A) Domestic Companies

Income tax : 30% (25% if turnover or gross receipt does not exceed Rs.250 Crore in the Financial Year 2016-17))

Surcharge: 7% if the taxable income exceeds Rs. 1 crore & 12% if the taxable income exceeds 10 crores

Health and Education Cess: 4% on the amount of Tax plus surcharge

(B) Foreign Companies
Income tax :40% (in general )
Surcharge :2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores
Education Cess :4% on the amount of Tax plus surcharge
Cooperative Societies
Upto Rs. 10,00010%
Rs. 10,001 to Rs. 20,00020%
Rs. 20,001 to Above30%
Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Health and Education Cess : 4% on the amount of Tax .

Local Authorities
Income tax : 30%.

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore

Health and Education Cess : 4% on the amount of Tax.

Assessment year : 2018 – 19
Previous year : 2017 – 18
1. For resident Senior Citizens. (Age above 60 Years)
Up to Rs 3,00,000Nil
Rs. 3,00,001 to Rs. 5,00,000 5%
Rs. 5,00,001 to Rs. 10,00,00020%
Above Rs. 10,00,00030%
2. For resident Super Senior Citizens. (Age above 80 Years)
Up to Rs 5,00,000Nil
Rs. 5,00,001 to Rs. 10,00,00020%
Above Rs. 10,00,00030%
3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).
Upto Rs. 2,50,000Nil
Rs. 2,50,001 to Rs. 5,00,000 5%
Rs. 5,00,001 to Rs 10,00,00020%
Above Rs. 10,00,00030%
Note: Rebate u/s 87A is added from Finance Act 2013, in which resident individuals are allowed rebate (if their taxable income does not exceed Rs. 3.5 lakh) equal to 100% of income tax or Rs. 2,500 whichever less.
Surcharge :
10% for Individual having taxable Income exceeding  50 Lacs upto 1 Crore
15% for Individual having taxable Income exceeding 1 Crore

Education Cess : 2% on income-tax plus surcharge.

Secondary and Higher Education cess : 1% on income-tax plus surcharge

Long-Term Capital Gains: 20% on income-tax plus surcharge.

Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.

Firms
Income tax : 30%.

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Education Cess : 2% on income-tax plus surcharge

Secondary and Higher Education cess : 1% on income-tax plus surcharge

Companies
(A) Domestic Companies

Income tax : 30% (25% if turnover or gross receipt does not exceed Rs.50 Crore)

Surcharge: 7% if the taxable income exceeds Rs. 1 crore & 12% if the taxable income exceeds 10 crores

Education Cess: 2% on income-tax plus surcharge.

Secondary and Higher Education cess : 1% on income-tax plus surcharge

(B) Foreign Companies
Income tax :40% (in general )
Surcharge :2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores
Education Cess :2% on income-tax plus surcharge
Secondary and Higher Education cess :1% on income-tax plus surcharge
Cooperative Societies
Upto Rs. 10,00010%
Rs. 10,001 to Rs. 20,00020%
Rs. 20,001 to Above30%
Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Education Cess : 2% on income-tax.

Secondary And Higher EducationCess : 1% on income tax plus surcharge

Local Authorities
Income tax : 30%.

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore

Education Cess : 2% on income-tax plus surcharge.

Secondary and Higher Education cess : 1% on income-tax plus surcharge