Special rates of tax for the income

Special rates of tax for the income;

Sl. No. Nature of income Section Rate of tax
1.

 

Tax on accumulated balance of recognised provident fund 111 To be computed in accordance with rule 9(1) of Part A of fourth Schedule
2.

 

Short term capital gains 111A 15
3.

 

Long term capital gains (with indexing) 112 20
4.

 

Long term capital gains (without indexing) 112proviso 10
5.

 

Long term capital gains on transfer of unlisted securities in the case of non-residents 112(1)(c)(iii) 10
6.

 

Dividends, interest and income from units purchase in foreign currency in the case of non-residents 115A(1)(a) 20
7.

 

Interest received by non-resident from infrastructure debt fund 115A(1)(a)(iia) 5
8.

 

Income received by non-resident as referred in section 194LC 115A(1)(a)(iiaa) 5
9.

 

Income from royalty where agreement entered between 31.3.1961 to 31.3.1976 and income from fees for technical services where agreement entered between 29.2.1964 and 31.3.1976, and agreement is approved by the Central Government. Paragraph EII of Part I of first schedule of Finance Act 50
10.

 

Income from royalty & technical services 115A(1)(b) ifagreement is entered on or before 31.5.1997 30
11.

 

Income from royalty & technical services 115A(1)(b) ifagreement is entered after 31.5.1997 but before 1.6.2005 20
12.

 

Income from royalty & technical services 115A(1)(b)if agreement is on or after 1.6.2005 10
13.

 

Income received in respect of units purchased in foreign currency by an off-shore fund 115AB(1)(a) 10
14.

 

Income by way of long-term capital gains arising from the transfer of units purchased in foreign currency by a off-shore fund 115AB(1)(b) 10
15.

 

Income from bonds or GDR purchased in foreign currency or capital gains arising from their transfer in case of a non-resident 115AC(1) 10
16.

 

Income from GDR purchased in foreign currency or capital gains arising from their transfer in case of a resident 115ACA(1) 10
17.

 

Profits and gains of life insurance business 115B 12.5
18.

 

Winnings from lotteries, crosswords puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever 115BB 30
19.

 

Tax on non-residents sportsmen or sports associations or entertainer 115BBA 20
20.

 

Tax on income from units of an open – ended equity oriented fund of the Unit Trust of India or of Mutual Funds 115BBB 10
21.

 

Anonymous donations 115BBC 30
22.

 

Tax on dividend of an Indian company from specified foreign company 115BBD 15
23.

 

Tax on income under section 68, 69, 69A, 69B, 69C or 69D 115BBE 30
24.

 

Investment income of a non-resident 115E(a) 20
25.

 

Income by way of long term capital gains of a non-resident 115E(b) 10

 

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