Surcharge on income-tax: differentiated surcharges and education cesses apply, with special treatment for agricultural income and senior residents. Income-tax for assessment year commencing 1 April 2015 is charged at rates in the First Schedule and increased by a surcharge calculated as provided. Special computation rules treat net agricultural income above a small threshold as included after the basic exemption for tax computation, with higher basic exemption equivalents for senior residents. The section prescribes surcharge application and caps for various special regimes, differentiated surcharge rates for withholding, collection and advance tax contexts, and mandates additional education cesses on tax and surcharge with limited exclusions for certain TDS/TCS payments to domestic or resident recipients.
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.
Surcharge on income-tax: differentiated surcharges and education cesses apply, with special treatment for agricultural income and senior residents.
Income-tax for assessment year commencing 1 April 2015 is charged at rates in the First Schedule and increased by a surcharge calculated as provided. Special computation rules treat net agricultural income above a small threshold as included after the basic exemption for tax computation, with higher basic exemption equivalents for senior residents. The section prescribes surcharge application and caps for various special regimes, differentiated surcharge rates for withholding, collection and advance tax contexts, and mandates additional education cesses on tax and surcharge with limited exclusions for certain TDS/TCS payments to domestic or resident recipients.
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