Income Tax Rates for Some Specific Cases

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....o. 6) Profits and Gains of Life Insurance Business 12.5% 4 194(1) (Table Sl. No. 1) Winnings (other than from any online game) from-- • (a) lottery; or • (b) crossword puzzle; or • (c) race including horse race (not being income from the activity of owning and maintaining race horses); or • (d) card game and other game of any sort; or • (e) gambling or betting of any form or nature. 30% 5 334 A registered non-profit organisation received any specified income mention under section 337 30% 6 195 Any income from unexplained sources referred to in section 102 or 103 or 104 or 105 or 106 60% 7 194(1) (Table Sl. No. 3) Royalty income from Patent developed & registered in India. 10% 8 194(1) (Table Sl. No. 3) Income from Transfer of Carbon Credit 10% ============================ Under the Income Tax Act, 1961 [ Upto 31.03.2026 ] For the Assessment Year 2025-26 to 2026-27 Sr.No. Section Income Rate of Income Tax 1 111A Short Term Capital Gain from an asset being an equity share ....

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....Add Health and Education Cess - 4% of Income Tax and surcharge ============================ For the Assessment Year 2021-22 to 2024-25 Sr.No. Section Income Rate of Income Tax 1 111A Short Term Capital Gain from an asset being an equity share in a company or a unit of an equity oriented fund  or a unit of business trust subject to STT or undertaken in foreign currency on a recognised stock exchange located in an IFSC. 15% 2 112 Long Term Capital Gain [In case of LTCG to a non resident from transfer of unlisted securities or shares of company in which public are not substantially interested without giving effect to the benefit of indexation @10%] 20%   112A Long Term Term Capital Gain from an asset being an equity share in a company or a unit of an equity oriented fund  or a unit of business trust subject to STT or undertaken in foreign currency on a recognised stock exchange located in an IFSC, Without giving effect of Indexation. 10% 3 115B Profits and Gains of Life Insurance Business 12.5% 4 115BB Winning from lotteries, crossword puzzles, or race including ....

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....ording to the status of the assessee in earlier chapters. Note 2: - Add Health and Education Cess - 4% of Income Tax and surcharge   ============================ For the Assessment Year 2017-18 & 2018-19 Sr.No. Section Income Rate of Income Tax 1 111A Short Term Capital Gain from an asset being an equity share in a company or a unit of an equity oriented fund subject to STT 15% 2 112 Long Term Capital Gain [Other than an asset being an equity share in a company or a unit of an equity oriented fund subject to STT  - Sec. 10(38)] 20% 3 115B Profits and Gains of Life Insurance Business 12.5% 4 115BB Winning from lotteries, crossword puzzles, or race including horse race (not being income from activity of owning and maintaining race hose) or card game and other game of any sort or from gambling or betting of any form or nature 30% 5 115BBC Anonymous Donation received in excess of the higher of the following, namely:- - (A) five per cent of the total donations received by the assessee, or - (B) one lakh rupees; 30% Note 1: - Add Surcharge - For rate of surcharge see r....

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....Cess is 2% of Income Tax (rebate u/s 88E is not deductible) plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (rebate u/s 88E is not deductible) plus surcharge  Note 4: - For the Assessment year 2014-15, 2015-16 -  In case of Individuals, HUF,  Firms, AOP, BOI - Surcharge @ 10% if income exceeds Rs. 1 crore  and In the case of Domestic company, Surcharge @ 5% if income exceeds Rs. 1 crore but upto Rs. 10 crore & @ 10% if income exceeds Rs. 10 crore. In case of foreign company, Surcharge @ 2% if income exceeds Rs. 1 crore but upto Rs. 10 crore & @ 5% if income exceeds Rs. 10 crore. For the Assessment year 2016-17 -  In case of Individuals, HUF,  Firms, AOP, BOI - Surcharge @ 12% if income exceeds Rs. 1 crore  and In the case of Domestic company, Surcharge @ 7% if income exceeds Rs. 1 crore but upto Rs. 10 crore & @ 12% if income exceeds Rs. 10 crore. In case of foreign company, Surcharge @ 2% if income exceeds Rs. 1 crore but upto Rs. 10 crore & @ 5% if income exceeds Rs. 10 crore. ============================ Income Tax Rates for Some Specific Cases For the Assess....

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....t to STT 10% 2 112 Long Term Capital Gain [Other than an asset being an equity share in a company or a unit of an equity oriented fund subject to STT  - Section 10(38)] 20% 3 115B Profits and Gains of Life Insurance Business 12.5% 4 115BB Winning from lotteries, crossword puzzles, or race including horse race (not being income from activity of owning and maintaining race hose) or card game and other game of any sort or from gambling or betting of any form or nature 30% 5 115BBC Anonymous Donation received in excess of the higher of the following, namely:- - (A) five per cent of the total donations received by the assessee, or - (B) one lakh rupees; 30% Note 1: - Add Surcharge - Rate of Surcharge is Nil in the following cases: • a. If the taxpayer is an Individual / HUF/ BOI/ AOP • b. If the taxpayer is firm • c. If the taxpayer is company (domestic or non-domestic company) and net income does not exceed Rs. 1 crore. • d. If the taxpayer is a co-operative or local authority. Rate of Surcharge will be 10% in the following cases: • a....