Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2024: New Income Tax Rates, Surcharges for Individuals and Entities; Provisions for Senior Citizens Explained</h1> The Finance (No. 2) Bill, 2024 outlines income tax rates and surcharges for individuals, Hindu undivided families, associations, bodies of individuals, artificial juridical persons, co-operative societies, firms, local authorities, and companies. Tax rates vary based on income brackets and age, with specific provisions for senior citizens. Surcharges apply to high-income earners, with rates increasing as income exceeds certain thresholds. The Bill also details tax deduction rates at source for various income types, including interest, winnings, and royalties. Rules for computing net agricultural income and setting off losses are provided, emphasizing the treatment of income from specific agricultural activities.