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<h1>Income Tax Provisions for 2006: Rates, Rebates, Surcharges, and Education Cess Explained with Key Definitions</h1> For the assessment year starting April 1, 2006, income tax is levied at rates specified in the First Schedule, with applicable rebates and surcharges. Agricultural income exceeding INR 5,000 is considered for tax purposes if total income exceeds INR 100,000, with different thresholds for women and seniors. Specific provisions apply to various income types and entities, with surcharges on taxes or advance taxes based on income levels. Additional education cess is imposed to support basic education funding. Definitions for terms like 'domestic company' and 'net agricultural income' are provided for clarity in tax calculations.