Surcharge and cess on income tax clarified; rates, TDS, advance tax and agricultural income adjustments prescribed for assessment year. Clause 2 fixes income tax rates for the 2020-21 assessment year, prescribes surcharge regimes and procedural rules for computing tax, TDS, collection and advance tax using the First Schedule; provides a specific aggregation and subtraction method to account for net agricultural income where it exceeds a threshold; sets differentiated surcharge treatments and ceilings by taxpayer category and specified income heads or sections; and requires a further Health and Education Cess on tax plus surcharge, while defining key terms such as domestic company, insurance commission and net agricultural income.