ACT : 111A
Income : Short term Capital Gains from Securities listed on a recognised stock exchange
Rate : 15%
ACT : 112
Income : Long Term Capital Gains :
– If assessee is a resident individual or H.U.F. [Also see proviso to section 112(1 )(a)
Rate : 20%
– If assessee is a non-resident individual
Rate : 20%
– If assessee is a domestic company
Rate : 20%
– If assessee is a foreign company
Rate : 20%
– In any other case of a resident
Rate : 20%
ACT : 115A
Income : Tax on dividends, royalty and technical service fees in the case of Foreign companies-
(a)(i)Dividends [other than dividends referred to in section 115-0]; or
Rate : 20%
(ii)lnterest received from Government concern on moneys borrowed or debts incurred by Government or the Indian concern in foreign currency not being interest of the nature referred to in clause (ha) or (iiaa)
Rate : 20%
(ha) Interest received from an infrastructure debt fund referred to under section 1 0(47);or
Rate : 5%
(iiaa) Interest of the nature and extent referred to in section 1 94LC; or
Rate : 5%
(ilab) Interest of the nature and extent referred to in section 194LD;or(we.f. 01.4 .2014)
Rate : 5%
(iiac) distributed income being interest referred to in section – 194LBA(2) i.e. for certain income from units of a buiness trust (Inserted by the Finance (No.2)BiII, 2014, w.e.f. 01.04.2015)
Rate : 5%
(iii)lncome received in respect of units, purchased in foreign currency, of a mutual fund specified u/s 1 0(23D) or of the Unit Trust of India.
(b)Income from royalty or fee for technical services other than income referred to in section 44DA(1)from Indian concern or government of India under approved agreement.
Rate : 20%
(i) the amount of income tax calculated on the income by way of royalty, if any included in the total income [Substituted by theFinance Act, 2013, wet. 01 .04.2014
Rate : 25%
(ii) the amount of income tax calculated on the income by way of fees for technical services if any included in the total income [Substituted by the Fnance Act, 2013, w.e.f 01.04.2014].
Rate : 25%
ACT : 115A
Income : Income of an Overseas Financial Organisation (offshore fund) from units purchased in foreign currency or capital gains there from
Rate : 10%
ACT : 115AC
Income : IIncome of non-resident from bonds or Global Depository Receipts purchased in foreign currenc or capital gains thereof. [Not applicable in case o dividends referred to in section 115-0].
Rate : 10%
ACT : 115ACA
Income : 115ACA Income of resident employees from Global Depository Receipts purchased in foreign currency
Rate : 10%
ACT : 115AD
Income : In case of income of a foreign institutional investor:
Rate : 15%
Income from listed securities (other than Sec. 115AB
Rate : 20%
From short-term gains of such securities (u/s. 111A)
Rate : 15%
From long-term capital gains
Rate : 10%
From securities other than referred u/s 111A
Rate : 30%
Income by way of interest on certain bonds & Govt. Securities referred in section 194LD, w.e.f. 01 .4.2014.
Rate : 5%
Other income [not applicable in the case of dividends referred in section 115-0]
Rate : 20%
ACT : 115B
Income : Income from life insurance business
Rate : 12.5%
ACT : 115BB
Income : On income in respect of winnings from lotteries, cross word puzzles, races and horse races, card games, gambling or betting –
– where assessee is a non-corporate resident
Rate : 30%
ACT : 115BB
Income : On income in respect of winnings from lotteries, cross word puzzles, races and horse races, card games, gambling or betting –
– where assessee is a non-corporate resident
Rate : 30%
-where assessee is a domestic company 30%
Rate : 30%
ACT : 115BB
Income : On income in respect of winnings from lotteries, cross word puzzles, races and horse races, card games, gambling or betting –
– where assessee is a non-corporate resident
Rate : 30%
-where assessee is a domestic company 30%
Rate : 30%
– where assessee is a non-resident 30%
Rate : 30%
ACT : 115BBA
Income : On Income of a non – resident foreign sportsman from any game in India, advertisement or winnings or contribution of an article relatin9 to games or sports in India or income of non-resident sports association from guarantee money.
Rate : 20%
ACT : 115BBB
Income : Income from units of an open ended equity oriented fund of U.T.I. or a Mutual Fund
Rate : 10%
ACT : 115BBC
Income : Anonymous donations received by a person in certain cases. (applicable from A.Y. 2007-2008)
Rate : 30%
ACT : 115BBD
Income : Tax on certain dividend received from Foreign Company
Rate : 15%
ACT : 115BBE
Income : Income referred to in sections 68, 69, 69A, 69B, 69C & 69D
Rate : 30%
ACT : 115E
Income : On Investment income from Foreign Exchange Assets & Long-term Capital gains of non-resident Indians.
Rate : [ 10% Long-Term Capital Gains]
ACT : 115JB
Income : Special provision for payment of tax by certain companies
Rate : 18.5%
ACT : 115JC
Income : Alternate minimum tax on non-corporate tax payer
Rate : 18.5%
ACT : 115O
Income : On distributed profits of domestic companies
Rate : 15%
ACT : 161(1A)
Income : On Income from business when assessee is a trust as per terms of the section
Rate : 30%
ACT : 164
Income : On Income of private discretionary trust where shares of beneficiary are not known.
Rate : 30%
ACT : 164A
Income : Income of Oral trusts
Rate : 30%
ACT : 167A
Income : Income of a Firm
Rate : 30%
ACT : 167B(1)
Income : On Income of A.0.P. or Body of Individuals where shares of members are not known. (Provided if income of any member is chargeable at a higher rate than the higher rate shall be applicable)
Rate : 30%
ACT : 167B(2)(i)
Income : Income of A.0.P. or Body of Individuals not cover’d u/s 167B(1) while other income of any member exceeds the thresh hold limit
Rate : 30%
ACT : 167B(2)(ii)
Income : IOn Income of A.0.P. or Body of Individuals where income of a member is chargeable at a rate higher than the maximum chargeable rate then on that portion of income of the A.0.P. or Body of individuals that relate to such person the tax shall be calculated on such higher rate and on balance of total income.
Rate : 30%
