Last modified - 02.02.2018

Income Tax Slabs & Rates
Non-resident Individual Tax Payers
for AY 2019-20

Income Tax Slabs & Rates for non-resident individual tax payers for Assessment Year 2018-19 (applicable on income earned during the year 1st April 2018 to 31st March 2019) as per Budget proposals placed before Parliament on 1st February 2018 by Hon. Finance Minister Shri Arun Jailey.

Income Tax Slabs & Rates

Standard Deduction of Rs. 40,000/- available under Section 16(ia) w.e.f. 1st April 2018 in lieu of Transport Allowance and Reimbursement of Miscellaneous Medical Expenditure to Salaried Tax Payers.

Income SlabsTax Rates
i. Where the taxable income does not exceed ₹ 2,50,000/-. NIL
ii. Where the taxable income exceeds ₹ 2,50,000/- but does not exceed ₹ 5,00,000/-. 5% of amount by which the taxable income exceeds ₹ 2,50,000/-.
iii. Where the taxable income exceeds ₹ 5,00,000/- but does not exceed ₹ 10,00,000/-. ₹ 12,500/- + 20% of the amount by which the taxable income exceeds ₹ 5,00,000/-.
iv. Where the taxable income exceeds ₹ 10,00,000/-. ₹ 112,500/- + 30% of the amount by which the taxable income exceeds ₹ 10,00,000/-.

Surcharge :

  • 10% of the Income Tax, where taxable income is more than ₹ 50 lacs and upto ₹ 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of ₹ 50 lacs by more than the amount of increase in taxable income.
  • 15% of the Income Tax, where taxable income is more than ₹ 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of ₹ 1 crore by more than the amount of increase in taxable income.

health & Education Cess : 4% of the total of Income Tax and Surcharge.

You may like to View / Use:

●  Tax Calculator for NRIs - Assessment Year 2018-19