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 |