<h1>Income Tax Rates Unchanged for 2018-19; New 4% Health and Education Cess Introduced, Surcharges Vary by Income.</h1> The income tax rates for the assessment year 2018-19 remain unchanged from the previous year. Surcharges are applied based on income levels, with individuals and Hindu undivided families facing a 10% surcharge for incomes above Rs. 50 lakh and up to Rs. 1 crore, and 15% for incomes exceeding Rs. 1 crore. Cooperative societies, firms, and local authorities with incomes over Rs. 1 crore incur a 12% surcharge. Domestic companies face a 7% surcharge for incomes over Rs. 1 crore and up to Rs. 10 crore, and 12% for incomes above Rs. 10 crore. A new Health and Education Cess is introduced at 4% of income tax, replacing previous cesses.