CA FINAL DIRECT TAX LAWS

TAX RATE CHARTS

Easiest way to remember tricky things..

CHAYAN PATNI
CA FINAL STUDENT
741516134
 DISCLAIMER
While I have made every attempt to ensure that the information contained has been obtained
from reliable sources, if there any error and omissions I am not responsible for the same.
These charts are prepared with all carefulness however there might be any human error therein.
These are mere charts prepared only with the motive to remember the content for long term.

The rates given in this set does not contain TDS Rates.
Next project expected

 Time limits for applications and notices

 Penalties ,Interest Rates, Fees

Your Friend
Chayan Patni
(CA Final Student)
 Tax Rates
Effective
Section Nature/Description Base Rate Surcharge HEC Rate Special Remark 1 Special Remark 2
Rate Condition
GENERAL TAX RATES
Individual(Below 60
A Years)/HUF/AOP/BOI/AJP
(R & OR)
Upto 250000 -
>250000 upto 500000 5% 4%
>500000 upto 1000000 20% 4%
>1000000 30% 4%

Individual(60 or Above

See Note 1 & 2

B Years)/HUF/AOP/BOI/AJP
(ONLY R)
Upto 300000 -
>300000 upto 500000 5% 4%
>500000 upto 1000000 20% 4%
>1000000 30% 4%

Individual(80 or Above
C Years)/HUF/AOP/BOI/AJP
(ONLY R)
Upto 500000 -
>500000 upto 1000000 20% 4%
>1000000 30% 4%

NOTE 1 : SURCHARGE @ 10% IS LEVIED IF TOTAL INCOME > 50 LAKHS BUT UPTO 1 CRORE
NOTE 2 : SURCHARGE @ 15% IS LEVIED IF TOTAL INCOME > 1 CRORE
 D COMPANY
Domestic Company
Turnover(PY 2016-17) Upto
25% See Note 3 4%
250 Crore
Otherwise 30% 4%
Foreign Company 40% 4%

Same As
115JB 18.5% 19.24%
MAT Company 4% If Assessee is Located in an International
115JC AMT 18.5% Same As Other 4% 19.24% Financial Services Center then Rate is 9%

NOTE 3 SURCHARGE Domestic Foreign

Total Income >1crore upto
7% 2%
10 Crore
Total Income >10 Crore 12% 5%

PARTNERSHIP/LLP/LOCAL If NTI > 1

E 30% 12%
AUTHORITY Crore

TAX RATES ON DIVIDEND

If Total
115 BBD Dividend received by Indian 15% Income > 4% - -
Co. from Foreign Co. Normal Provision 1 Crore

Dividend Distribution Base rate u/s 2(22)e is Gross Up Concept

115-0 15% 12% Always 4% 17.472%
Tax(DDT) 30% Applies

Dividend received in excess

115BBDA of 10 lakh by specified 10% 4% 10.400%
assesse
 TAX RATES ON UNITS
Income Distributed by UTI
115 R
or Mutual Fund
Exempt in the
hands of
a 5% 12% Always 4% 5.824%
Under infrastructure debt Gross Up Concept Unitholder u/s
fund to NR or Foreign Co Applies 10(35)
Exempt in the
hands of
b 10% 12% Always 4% 11.648%
Equity Oriented MF To Any Gross Up Concept Unitholder u/s
Person Applies 10(35)
Exempt in the
hands of
c 25% 12% Always 4% 29.120%
Money Market MF /Liquid Gross Up Concept Unitholder u/s
fund to Individual or HUF Applies 10(35)
Exempt in the
hands of
d 30% 12% Always 4% 34.944%
Money Market MF /Liquid Gross Up Concept Unitholder u/s
fund to Other Applies 10(35)

TAX RATES ON BUYBACK

Exempt in the
BuyBack in Case of Unlisted Distributed Income= BB hands of
115 QA 20% 12% Always 4% 23.296%
Shares Price - Issue Price Shareholder u/s
10(34A)

TAX RATES ON CAPITAL GAINS

111A STCG On equity shares, 15%

equity oriented mutual
fund, units of business trust
In excess of 100000

112A LTCG On equity shares, 10%

equity oriented mutual
fund, units of business trust
112 Other LTCG
With indexation 20%
Without indexation 10%
TAX RATES FOR TRUST

Received in excess of
115 BBC Anonymous Donation 30%
higher of 5% of Total
Donation or 100000
Slab Rate
Others Same As
Individual

115TD Tax on Accreted Income 30% 15% 4% 35.88%

TAX RATES FOR INVESTMENT FUND

Company 30% Same As Company
Others 30% 15.00% 4% 35.88% ie @ MMR

TAX RATES FOR AOP/BOI

167B AOP / BOI

Shares of Member are

A
Known
All members having NTI
i upto basic exemption & NO Slab Rate Same As Individual 4%
one is Foreign Co
One or More Members NTI
ii > basic exemption & NO 35% 15% Always 4% 35.88% ie @ MMR
One is a Foreign Co
One or More Member are
iii
Foreign Co
on foreign co. share 40% Same As Company 4%
on balance 35% 15% Always 4% 35.88% ie @ MMR
 Shares of Member are NOT
B
Known
NONE of them is a Foreign
i 35% 15% Always 4% 35.88% ie @ MMR
Co
One or More Member are
ii 40% Same As Company 4%
Foreign Co

INTERNATIONAL
TAXATION
Same As
1 30%
Tonnage Taxation Company
2 Equalization Levy 6%
3 Taxation of NRI This provision is OPTIONAL
LTCG 10%
Interest 20%
Other Income Normal

4 Taxation of GDR

Where income of an
assessee being NR includes
Income by way of:
i Interest on bonds/GDR of
Indian company which is 10%
purchased in Foreign
Curreny
ii LTCG on on bonds/GDR of
Indian company which is 10%
purchased in Foreign
Curreny
 SPECIAL TAX RATES

115A(1)
Dividend received by a
foreign company or a non-
resident non-corporate
assessee [it is not applicable 20%
in the case of dividends
referred to in section 115-
O]
115A(1)

Interest received by a
foreign company or a non-
resident non-corporate
assessee from Government 20%
or an Indian concern on
moneys borrowed or debt
incurred by Government or
the Indian concern in
foreign currency
115A(1)
Interest received from an 5%
infrastructure debt fund
referred to in section 10(47)
115A(1) Interest received from an
Indian company specified in 5%
section 194LC
115A(1)
Interest of the nature and 5%
extent referred to in section
194LD or section 194LBA
115A(1)
Royalty or fees for technical
services (not referred to in
section 44DA) received by a 10%
foreign company or non-
resident non-corporate
assessee from an Indian
concern or Government
115AB Income of an overseas
financial organisation on
transfer of units purchased 10%
in Foreign Currency being
LTCG
115AC Income from bonds or GDR
or on bonds or GDR of a
public sector company sold
by the Government and
purchased in foreign 10%
currency or LTCG arising
from their transfer

Income in respect of
securities received by a
115AD Foreign Institutional
Investor(FII) as specified by
the Government
LTCG 10%
LTCG 112A 10%
STCG 30%
STCG 111A 15%
Interest 20%
 Income of a non-resident
foreign citizen sportsman
for participation in any
game in India or received
by way of advertisement or
for contribution of articles
115BBA 20%
relating to any game or
sport in India or income of a
non-resident sport
association by way of
guarantee money

Income of certain domestic

115BA 25%
companies
Winnings from lotteries,
115BB crossword puzzles, or race 30%
including horse race
115BBE Deemed Income(68 - 69D) 60% 25% Always 4% 78%
Income by way of royalty in
115BBF respect of a patent 10%
developed and registered in
India
Income from transfer of
115BBG 10%
carbon credits