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<h1>Income Tax Rates and Surcharges for 2024: Key Details on Aggregation, Senior Citizen Thresholds, and 4% Cess</h1> For the assessment year starting April 1, 2024, income tax will be levied at specified rates, with surcharges applicable in certain cases. For individuals with net agricultural income over five thousand rupees, the income tax is computed by aggregating total and agricultural income, applying specific thresholds for senior citizens. Various sections of the Income-tax Act, 1961, outline different tax rates and surcharges for individuals, companies, and other entities, based on income levels. Additionally, a Health and Education Cess of four percent is added to support government commitments in health and education. Definitions for terms like 'domestic company' and 'net agricultural income' are provided.