Income-tax rates and withholding rules set for individuals, companies and specified payments, altering slab and TDS structures. Prescribes slab-based income-tax rates for individuals (with age and gender distinctions), fixed rates for firms, societies and companies, and a surcharge regime for companies above a prescribed income threshold. Sets withholding (TDS) rates by payee category and nature of payment for residents, non-residents and companies, including differentiated rates for royalties and technical fees depending on agreement vintage. Establishes rules for computing net agricultural income by mapping types of agricultural receipts to specified heads of income, special percentage treatments for certain crops, loss set-off mechanics across prior years, and Assessing Officer powers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Income-tax rates and withholding rules set for individuals, companies and specified payments, altering slab and TDS structures.
Prescribes slab-based income-tax rates for individuals (with age and gender distinctions), fixed rates for firms, societies and companies, and a surcharge regime for companies above a prescribed income threshold. Sets withholding (TDS) rates by payee category and nature of payment for residents, non-residents and companies, including differentiated rates for royalties and technical fees depending on agreement vintage. Establishes rules for computing net agricultural income by mapping types of agricultural receipts to specified heads of income, special percentage treatments for certain crops, loss set-off mechanics across prior years, and Assessing Officer powers.
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