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Non-resident Individual Tax Payers for Assessment Years 2016 17

Non-resident Individual Tax Payers for Assessment Years 2016 17 

Income Tax Slabs & Rates for non-resident individual tax payers for Assessment Year 2016-17 & 2015-16 (applicable on income earned during the year 1st April 2015 to 31st March 2016 / 1st April 2014 to 31st March 2015.)

  1. Income Tax Slabs & Rates

    Income SlabsTax Rates
    i.Where the total income does not exceed Rs. 2,50,000/-.NIL
    ii.Where the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-.10% of amount by which the total income exceeds Rs. 2,00,000/-.
    iii.Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
    iv.Where the total income exceeds Rs. 10,00,000/-.Rs. 125,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.
  2. Surcharge

    10% of the Income Tax, where total taxable income is more than Rs. 1 crore. (Marginal Relief in Surcharge, if applicable)

  3. Education Cess

    3% of the total of Income Tax and Surcharge.

Marginal Relief in Surcharge :

When a non-resident individual’s taxable income exceeds Rs. 1 crore, he is liable to pay Surcharge at prescribed rates mentioned above on Income Tax payable by him. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of Rs. 1 crore by more than the amount of increase in taxable income.

Example :

In case of an non-resident individual tax payer having taxable income of Rs. 1,00,01,000/-

1.Income TaxRs. 28,25,300
2.Surcharge @10% of Income TaxRs. 2,82,530
3.Income Tax on income of Rs. 1 croreRs. 28,25,000
4.Maximum Surcharge payable
(Income over Rs. 1 crore less income tax on income over Rs. 1 crore)
Rs. 700/- (1000 – 300)
5.Income Tax + Surcharge payableRs. 28,26,000
6.Marginal Relief in SurchargeRs. 2,81,830/- (2,82,530 – 700)

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Non-resident Individual Tax Payers for Assessment Years 2016 17 

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