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 SlabsIncome Tax Rates
Upto Rs. 2.5 LacsNil
Above Rs. 2.5 Lacs but upto Rs. 5 Lacs5%
Above Rs. 5 Lacs but upto Rs. 10 Lacs20% plus Rs. 12,500
Above Rs. 10 Lacs30% 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 IndividualsEducation Cess Rates
NRIs/ HUFs/ AOP/ BOI/ AJPSurcharge Rates
Partnership Firms and LLPsMarginal Relief from Surcharge
Domestic CompaniesRebate u/s 87A for Individuals
Foreign Companies 
Co-operative Societies 
Local Authorities 

Leave a Reply