Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 2023 Sets New Income Tax Rates, Surcharges for Individuals and Entities; Special Rules for Senior Citizens, Agriculture</h1> The Finance Act, 2023 establishes income tax rates for individuals, Hindu undivided families, associations, and artificial juridical persons, with varying rates based on income brackets. Individuals below 60 years are taxed at 5% for income over Rs. 2.5 lakh, increasing to 30% for income above Rs. 10 lakh. Senior citizens have higher exemptions. Surcharges apply for incomes exceeding Rs. 50 lakh, with rates up to 37%. Co-operative societies, firms, local authorities, and companies have specific tax rates and surcharges. Rules for agricultural income computation and tax deduction at source are also outlined.
TaxTMI 
TaxTMI 
