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of <h1>Finance Bill 2012 Details Income Tax Rates, TDS, and Cess for Individuals, Firms, and Companies</h1> The Finance Bill, 2012 specifies income tax rates for the assessment year starting April 1, 2012. It outlines tax rates for various income brackets, including special provisions for individuals aged 60 and above. The Bill also details rates for tax deducted at source (TDS) and advance tax payments, with specific rates for different entities such as individuals, firms, and companies. Surcharges apply to certain income levels, particularly for companies with income exceeding one crore rupees. Additionally, an Education Cess and a Secondary and Higher Education Cess are imposed on income tax and applicable surcharges, excluding certain domestic entities.
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