Rates of income-tax revised, including surcharge and cess provisions affecting high-income and corporate taxpayers and TDS changes. The Finance Bill, 2016 prescribes the Rates of Income-tax for assessment year 2016-17, sets slab and flat rates for various assessee classes, and retains corporate rates while introducing an opt-in concessional tax computation under section 115BA for newly formed domestic manufacturing companies meeting prescribed conditions. It specifies surcharge regimes with marginal-relief rules, continues education and higher education cesses on tax inclusive of surcharge, and details rates for deduction of tax at source and for computation of advance tax, including special surcharge treatment for non-resident payees and companies.