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<h1>Finance (No. 2) Act, 1967: Income Tax Rates, Surcharges, and Deductions for Individuals, Companies, and Other Entities</h1> The Finance (No. 2) Act, 1967, outlines income tax rates and surcharges for various entities, including individuals, Hindu undivided families, firms, cooperative societies, registered firms, local authorities, and companies. Tax rates vary based on income brackets, with specific provisions for deductions and exemptions. Surcharges apply to unearned and earned income exceeding certain thresholds. For companies, different rates apply based on public interest and domestic or foreign status, with additional surcharges on dividends and specific income types. Special provisions address tax deductions at source and advance tax computations. The schedule provides detailed percentage rates for each income bracket and type of entity.