Income-tax rates and surcharge apply across categories, with Health and Education Cess increasing overall tax liability. Income-tax for the relevant assessment year is charged at First Schedule rates and increased by a surcharge calculated as provided; net agricultural income above the de minimis threshold is notionally aggregated for rate application with a specified computation method (aggregate tax minus tax on agricultural income increased by a basic amount), with adjusted thresholds for specified elder individuals. The section prescribes differentiated surcharge rates and caps across taxpayer classes, governs surcharge treatment for withholding, collection and advance tax, mandates a Health and Education Cess on tax plus surcharge, and supplies key definitions.
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.
Income-tax rates and surcharge apply across categories, with Health and Education Cess increasing overall tax liability.
Income-tax for the relevant assessment year is charged at First Schedule rates and increased by a surcharge calculated as provided; net agricultural income above the de minimis threshold is notionally aggregated for rate application with a specified computation method (aggregate tax minus tax on agricultural income increased by a basic amount), with adjusted thresholds for specified elder individuals. The section prescribes differentiated surcharge rates and caps across taxpayer classes, governs surcharge treatment for withholding, collection and advance tax, mandates a Health and Education Cess on tax plus surcharge, and supplies key definitions.
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