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Pratik IT Services, Giridih, Jharkhand is situated in District-Giridih, State of Jharkhand...

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what we do

Pratik IT Services, Giridih, Jharkhand successfully lounched TDS paper preparation system on 11th February 2013...

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feature of our services

1. Keep your soft copy TDS in future without any cost. So lost of TDS paper is not a matter and you re-print here TDS paper without any cost in future.

2. Prepare TDS, Schedule and Salary Details in ...

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Income Tax Rate

Assessment Year 2019-20/Financial Year 2018-19

1. In case of an Individual (resident or non-resident) or AOP or BOI or HUF or any other artificial juridical person

Taxable Income

Tax Rate

Upto Rs. 2,50,000/-

Nil

Rs. 2,50,000/- To Rs. 5,00,000/-

5%

Rs. 5,00,000/- To Rs. 10,00,000/-

20%

Above Rs. 10,00,000/-

30%

2. In case of a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year)

Taxable Income

Tax Rate

Upto Rs. 3,00,000/-

Nil

Rs. 3,00,000/- To Rs. 5,00,000/-

5%

Rs. 5,00,000/- To Rs. 10,00,000/-

20%

Above Rs. 10,00,000/-

30%

3. In case of a resident super senior citizen (who is 80 years or more at any time during the previous year)

Taxable Income

Tax Rate

Rs. 5,00,000/- To Rs. 10,00,000/-

20%

Above Rs. 10,00,000/-

30%

4. Other Important Section.

(1) U/s 87A - The rebate is available to a resident individual if his total income does not exceed

Rs. 3, 50,000. The amount of rebate shall be 100% of income-tax or Rs. 2,500, whichever is less.

(2) Health and Education Cess - 4%

(3) Surcharge - 10% if total income exceeds fifty lakh rupees but does not exceed one crore rupees. But if total income exceeds one crore rupees than surcharge rate is 15%.

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