Income Tax Slabs & Rates for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2019-20 – Part I

	Nature of payment	Co.	Others
1	Long Term Capital Gains u/s 115E	NA	10%
2	Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38))	NA	5%
3	Short Term Capital Gains u/s. 111A	15%	5%
4	Investment income from Foreign Exchange Assets	NA	15%

Surcharge & Education CessI

	Nature of payment	Co.	Others
1	Long Term Capital Gains u/s 115E	NA	10%
2	Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38))	NA	5%
3	Short Term Capital Gains u/s. 111A	15%	5%
4	Investment income from Foreign Exchange Assets	NA	15%

Interest on delay in deposit of tax after deductionI

	Nature of payment	Co.	Others
1	Long Term Capital Gains u/s 115E	NA	10%
2	Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38))	20%	20%
3	Short Term Capital Gains u/s. 111A	15%	15%
4	Investment income from Foreign Exchange Assets	NA	20%
5	Interest payable on moneys borrowed or debt incurred in Foreign Currency	20%	20%
3	Royalty & Fees for technical services u/s. 115A - Agreement 1st June, 1997 to 31st May, 2005 - Agreement on or after 1st June 2005	20% 10%	20% 10%
7	Winnings from Lotteries, Crossword Puzzles and Horse Races	30%	30%
8	Any Other Income	40%	30%

Surcharge & Education Cess

Type of Payment	Surcharge	Rate	Education Cess (4.00%)
Payment to Non-Residents (other than Cos)	Upto 1cr	Nil	Yes
	> 1 Crore	15%
Payments to Foreign Co.	Upto 1cr	Nil	Yes
	> 1 Crore	2%
	> 10 Crores	5%

Interest on delay in deposit of tax after deduction

Stage of deduction	Upto 30th June 2010 (Rate per month or part of the month)	From 1st July 2010(Rate per month or part of the month)
From date when deductible till actual deduction	1%	1%
From date of deduction till payment	1%	1.5%