Tax Rates for NRIs

1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person

Assessment Year 2017-18

Less: Rebate under Section 87A

Add: Surcharge and Education Cess

1. Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 15% of such tax, where the total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of one crore rupees by more than the amount of income that exceeds one crore rupees).
2. Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by education cess calculated at the rate of two per cent of such income-tax and surcharge.
3. Secondary and Higher Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by secondary and higher education cess calculated at the rate of one percent of such income-tax and surcharge.
4. Rebate under Section 87A: The rebate is available to a resident individual if his total income does not exceed Rs.5,00,000. The amount of rebate shall be 100% of income-tax or Rs. 5,000, whichever is less.

Assessment Year 2018-19

Less: Rebate under Section 87A

Add: Surcharge and Education Cess

1. Surcharge

• The amount of income-tax shall be increased by a surcharge at the rate of 10% of such tax, where the total income exceeds 50 lakh rupees but does not exceed 1 crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds 50 lakh rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of 50 lakh rupees by more than the amount of income that exceeds 50 lakh rupees).
• The amount of income-tax shall be increased by a surcharge at the rate of 15% of such tax, where the total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of one crore rupees by more than the amount of income that exceeds one crore rupees).

2. Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by education cess calculated at the rate of two per cent of such income-tax and surcharge.
3. Secondary and Higher Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by secondary and higher education cess calculated at the rate of one percent of such income-tax and surcharge.
4. Rebate under Section 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.