Non resident tax slab

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Executive
24 Points Posted on 27 December 2012

Hi,

What is the Tax slab rate for Non-resident? In the Direct tax book, it is not mentioned anywhere.

 

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On 27 December 2012 at 21:57 Report
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Chartered Accountant
4780 Points Posted on 27 December 2012
For A.Y 2012-13 Upto Rs. 180000 Nil Rs. 180000 to Rs. 500000 10% Rs. 500000 to Rs. 800000 20% above Rs. 500000 30% For A.Y 2013-14 Upto Rs. 200000 Nil Rs. 200000 to Rs. 500000 10% Rs. 500000 to Rs. 1000000 20% above Rs. 1000000 30% Note : In case of Non - Resident, male, female and Senior citizen is the same. ie. no different slab rate.
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On 27 December 2012 at 22:37
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Chartered Accountant
249 Points Posted on 28 December 2012

Simply, individual tax slab applicable on non-resident person, and it is immaterial that non-resident is women or senior citizen..

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On 28 December 2012 at 10:07
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CA final doing Job
661 Points Posted on 28 December 2012

Special provisions applicable for Non residents - please go through Sec 115H & sec 115I

A summary is given below

Sec 115H - Option to continue:-

  • Where a person, who is a non-resident in any previous year, becomes assessable as resident in India in respect of the total incomeof any subsequent year
  • he may furnish to the AO a declaration in writing to the effect that the provisions of this chapter shall continue to apply to him in relation to the investment income derived from any foreign exchange asset (other than shares in the Indian Company)
  • then the provisions of this chapter shall continue to apply to him untill the transfer of such assets

Sec 115I - Option to be out of this chapter :-

  • A non- Resident Indian may elect not to be governed by the provisions of this chapter for any assessment year
  • Furnish his ROI for that A.Y under sec 139
  • declare therein that the provisions of this chapter shall not apply to him for that AY
  • then his total income for that AY shall be computed and tax on such Total Income shall be charged in accordance with the other provisions of this Act
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On 28 December 2012 at 12:09

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