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of <h1>Finance Bill 2017 Amends Income-tax Act: Surcharge Details for Individuals, HUFs, and Companies for 2017-18</h1> The Finance Bill, 2017 proposes amendments to the Income-tax Act, 1961 and the Finance Act, 2016, detailing income tax rates for the assessment year 2017-18. The tax rates remain consistent with the previous year, with specific surcharges applied based on income thresholds. Individuals and Hindu undivided families face a 15% surcharge on incomes over one crore rupees, while domestic companies incur a 7% surcharge for incomes over one crore but under ten crore rupees, and 12% for incomes over ten crore rupees. Non-domestic companies face a 2% surcharge for incomes over one crore but under ten crore rupees, and 5% for incomes over ten crore rupees. Education Cess and Secondary and Higher Education Cess continue at 2% and 1%, respectively.
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