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          <h1>Finance Act 1963: Diverse Tax Rates for Individuals, Families, Companies, and Local Authorities with Surcharges for High Earners.</h1> The Finance Act of 1963 outlines income tax and surcharge rates for various entities. For married individuals and Hindu undivided families with income up to Rs. 20,000, tax rates vary based on dependents. Unmarried individuals and entities with income over Rs. 20,000 face different rates, starting from nil for the first Rs. 1,000 to 25% on the balance. Surcharges are applied based on income type, with additional surcharges for high earners. Local authorities, companies, and registered firms have specific tax rates, with surcharges for the Union. Super-tax rates apply to individuals and entities, with additional surcharges. Tax deduction at source rates are specified for different cases.

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