Tax Slab Rate for Individuals, HUFs, AOP etc for the A.Y. 2018-19

New Income Tax Slabs for A.Y. 2018-19 for :-

1.   Individuals (both Men and Women other than senior citizen and very senior citizen), HUF, BOI, AOP, Artificial Judicial person (other than society, local authority)

	Income Range	Tax Rate
1	Up to Rs 2,50,000	Exempt
2	2,50,001 to 5,00,000	5%
3	5,00,001 to 10,00,000	20%
4	Above 10,00,000	30%

 2. Senior Citizen (Age from 60 years but less than 80 years)

	Income Range	Tax Rate
1	Up to Rs 3,00,000	Exempt
2	3,00,001 to 5,00,000	5%
3	5,00,001 to 10,00,000	20%
4	Above 10,00,000	30%

3.  Very Senior Citizen (Age of 80 years and above)

	Income Range	Tax Rate
1	Up to Rs 5,00,000	Exempt
2	5,00,001 to 10,00,000	20%
3	Above 10,00,000	30%

  
Rebate of Income-Tax under Section 87A

As per the Budget, the rebate u/s 87A shall be available only to the individuals whose Total Income in the A.Y. 2018-19 does not exceed Rs. 3,50,000/- and the maximum amount of rebate available has been reduced from Rs. 5,000/- to Rs. 2,500/-.

Income Tax Slab Rates for A.Y. 2015-16

New Income Tax Slabs for A.Y. 2015-16 for :-

1.   Individuals (both Men and Women other than senior citizen and very senior citizen), HUF, BOI, AOP, Artificial Judicial person (other than society, local authority)

	Income Range	Tax Rate
1	Up to Rs 2,50,000	Exempt
2	2,50,001 to 5,00,000	10%
3	5,00,001 to 10,00,000	20%
4	Above 10,00,000	30%

 2. Senior Citizen (Age from 60 years but less than 80 years)

	Income Range	Tax Rate
1	Up to Rs 3,00,000	Exempt
2	3,00,001 to 5,00,000	10%
3	5,00,001 to 10,00,000	20%
4	Above 10,00,000	30%

Very Senior Citizen (Age of 80 years and above)

	Income Range	Tax Rate
1	Up to Rs 5,00,000	Exempt
2	5,00,001 to 10,00,000	20%
3	Above 10,00,000	30%

 

Non Resident Information required to fill in IT Return

How to file Income Tax return when the details of Non Resident Individual/Company is not available?


In certain cases the PAN or Address may not be possible to be entered or categorized but are required to be filled for return filing purpose. In such cases only the data entry is suggested to be completed in the following manner :-

Sr  No	Description	Problem	Solution
1	PAN of Holding company	PAN is not available for Foreign Entity	Enter PAN as FFFCF9999F
2	Address of Holding Company	PIN and State code of Foreign Holding Company cannot be entered	Enter State Code as 99 and PIN as 999999 Enter State and PIN/Zip code in main address field
3	PAN of Subsidiary company	PAN is not available for Foreign Entity	Enter PAN as FFFCF9999F
4	Address of Subsidiary Company	PIN and State code of Foreign Subsidiary Company cannot be entered	Enter State Code as 99 and PIN as 999999 Enter State and PIN/Zip code in main address field
5	PAN of Managing Director, Director etc	PAN is not available for Foreign Managing Director, Director etc	Enter PAN as FFFPF9999F
6	Address of Managing Director, Director etc	PIN and State code of Foreign Managing Director, Director etc cannot be entered	Enter State Code as 99 and PIN as 999999 Enter State and PIN/Zip code in main address field
7	PAN of Managing Director, Director etc	PAN is not available for Managing Director, Director etc and Form 60/61 is available	Enter PAN as DDDPD6061D
8	PAN of Beneficial Owners	PAN is not available for Foreign Beneficial Owners	Enter PAN as FFFPF9999F
9	Address of Beneficial Owners	PIN and State code of Foreign Beneficial Owners cannot be entered	Enter State Code as 99 and PIN as 999999 Enter State and PIN/Zip code in main address field
10	PAN of Beneficial Owners	PAN is not available for Beneficial Owners and Form 60/61 is available	Enter PAN as DDDPD6061D