Jul 31, 2011

Other Tax Rates AY 2012-13


    Section
    Income
    Income Tax Rate
    111A
    Short-term capital gains
    15.00%
    112
    Long-term capital gains
    20.00%
    115A (1)(a)(i)
    Dividend received by a foreign company or a non-resident non-corporate assessee [*it is not applicable in the case of dividends referred to in section 115-O]
    20.00%
    115A (1)(a)(ii)
    Interest received by a foreign company or a non-resident non-corporate assessee from Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency
    20.00%
    115A(1)
    Royalty or fees for technical services received by a foreign company or non-resident (b)non-corporate assessee from an Indian concern or Government in pursuance of an agreement approved by the Central Government and made after -


    a. March 31, 1976 but before June 1, 1997
    30.00%

    b. May 31, 1997 but before June 1, 2005
    20.00%

    c. May 31, 2005
    10%
    115ACA
    Income from Global Depository Receipts held by a resident individual who is an employee of an Indian company engaged in information technology software/services


    Dividend [other than dividend referred to in section 115-O] on global Depository Receipts issued under employees stock option scheme and purchased in foreign currency
    10.00%

    Long-term capital gain on transfer of such receipts
    10.00%
    115AD
    Income in respect of listed securities received by a Foreign Institutional Investor as specified2 by the Government


    Short-term capital gain covered by section 111A
    15.00%

    Any other short-term capital gain
    30.00%

    Long-term capital gain
    10.00%

    Other income [*not applicable in the case of dividends referred to in section 115-O]
    20.00%
    115BB
    Winnings from lotteries, crossword puzzles, or race including horse race (not being income from the activity of owning and maintaining race horse) or card game and other game of any sort or from gambling or betting of any form or nature
    30.00%
    115BBA
    Income of a non-resident foreign citizen sportsman for participation in any game in India or received by way of advertisement or for contribution of articles relating to any game or sport in India or income of a non-resident sport association by way of guarantee money
    10.00%
    115BBC
    Anonymous donation
    30.00%
    115E
    Income from foreign exchange assets and capital gains of non-resident Indian


    a. income from foreign exchange asset [*not applicable in the case of dividends referred to in section 115-O]
    20.00%

    b. long-term capital gain
    10.00%
    115JB
    Tax on book profits of certain companies (Assessment year 2010-11)
    15.00%
    161(1A)
    Profits and gains of a business in the case of a trust
    30.00%
    164
    Income of private discretionary trust where shares of beneficiaries are Indeterminate
    30.00%
    164A
    Income of an oral trust
    30.00%
    167A
    Income of a firm
    30.00%
    167B
    Income of an association of persons or body of individuals if shares of members are unknown
    30.00%
    167B(2)
    Income of an association of persons or body of individuals if total income of any member (excluding share from the association or body) exceeds the maximum amount not chargeable to tax [*if total income of any member of the association or body is chargeable to tax at a rate higher than 33.99 per cent for the assessment year 2009-10 or 30.9 per cent for the assessment year 2010-11, then tax shall be charged on that portion of the total income of the association/body which is relatable to the share of such member at such higher rate and the balance of the total income is taxable at a rate of 33.99 per cent and 30.9 per cent for assessment years 2009-10 and 2010-11, respectively.]
    30.00%

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