Surcharge Rates | Income Tax | FY 2017-18 | AY 2018-19

Income Tax Surcharge Rates (FY 2017-18/ AY 2018-19)

Surcharge on Income Tax is payable if taxable income of a taxpayers exceeds a specified threshold limit, e.g. Rs. 50 Lacs/ Individuals, Rs. 1 Crore/ Companies, etc. Also different surcharge rates are applicable for different type of persons/ taxpayers, like Individuals/ HUF/ AOP/ BOI/ AJP, Firms/ Co-op. Societies/ Local Authorities, Domestic/ Foreign Companies, etc.

For Individuals, HUFs, Association of Persons (AOPs), Body of Individuals (BOIs) and Artificial Juridicial Persons (AJPs)

Rates of Surcharge on Income Tax applicable in the case of Individuals (irrespective of residential status or age), HUFs, Association of Persons (AOPs), Body of Individuals (BOIs) and Artificial Juridicial Persons (AJPs), for FY 2017-18/ AY 2018-19, are as under:

Taxable Income Income Tax Surcharge Rate 
Upto Rs. 50 Lacs 0%
Above Rs. 50 Lacs but upto Rs. 1 Crore 10%
Above Rs. 1 Crore 15%

For Firms, Co-operative Societies and Local Authorities

Rates of Surcharge on Income Tax applicable in the case of Partnership Firms (including LLPs), Co-operative Societies and Local Authorities, for FY 2017-18/ AY 2018-19, are as under:

Taxable Income Income Tax Surcharge Rate
Upto Rs. 1 Crore 0%
Above Rs. 1 Crore 12%

For Domestic Companies

Rates of Surcharge on Income Tax, applicable in the case of Domestic Companies, for FY 2017-18/ AY 2018-19, are as under:

Taxable Income Income Tax Surcharge Rate
Upto Rs. 1 Crore 0%
Above Rs. 1 Crore but upto Rs. 10 Crore 7%
Above Rs. 10 Crore 12%

For Foreign Companies (FY 2017-18/ AY 2018-19)

Rates of Surcharge on Income Tax, applicable in the case of Foreign Companies, for FY 2017-18/ AY 2018-19, are as under:

Taxable Income Income Tax Surcharge Rate
Upto Rs. 1 Crore 0%
Above Rs. 1 Crore but upto Rs. 10 Crore 2%
Above Rs. 10 Crore 5%

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 on Income Tax
Domestic Companies Income Tax Rebate u/s 87A for Individuals
Foreign Companies
Co-operative Societies
Local Authorities

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