Income-tax rates and surcharges: layered personal, corporate and super-tax regimes with conditional rebates and caps on liability. The schedule prescribes graduated income-tax slabs and surcharge regimes by taxpayer category-individuals (with family and marital distinctions), firms, companies and local authorities-together with caps that limit tax or surcharge relative to specified exemption thresholds. A parallel super-tax framework applies progressive rates and analogous surcharges, with company-specific rebate formulas for dividends and approved royalties and limits on super-tax exposure. Part III sets prescribed withholding rates for payments to resident and non-resident payees, and explanatory provisos address family coparcenary entitlement and aggregate surcharge caps.
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 surcharges: layered personal, corporate and super-tax regimes with conditional rebates and caps on liability.
The schedule prescribes graduated income-tax slabs and surcharge regimes by taxpayer category-individuals (with family and marital distinctions), firms, companies and local authorities-together with caps that limit tax or surcharge relative to specified exemption thresholds. A parallel super-tax framework applies progressive rates and analogous surcharges, with company-specific rebate formulas for dividends and approved royalties and limits on super-tax exposure. Part III sets prescribed withholding rates for payments to resident and non-resident payees, and explanatory provisos address family coparcenary entitlement and aggregate surcharge caps.
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