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<h1>Income Tax Rates and Surcharges for 1973-74: Special Rules for Life Insurance, Agriculture, and Chapter XII Cases.</h1> For the assessment year starting April 1, 1973, income tax is charged at specified rates with additional surcharges for certain cases as outlined in the First Schedule. Companies with life insurance profits are taxed differently, with specific rates applied to insurance income. Special provisions apply for cases under Chapter XII or section 164 of the Income-tax Act, 1961. Tax deductions under various sections are specified in Part II of the First Schedule. Agricultural income considerations affect tax calculations when total income exceeds five thousand rupees. Definitions for terms like 'domestic company' and 'industrial company' are provided, along with explanations for other relevant terms.