Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act, 1981: Tax Rates and Surcharges for Individuals, Firms, Companies, and Co-ops with 10% Surcharge.</h1> The Finance Act, 1981 outlines income tax rates and surcharges for various entities, including individuals, Hindu undivided families, firms, co-operative societies, local authorities, and companies. Tax rates vary based on income brackets and entity types, with specific provisions for registered firms, domestic and non-domestic companies, and co-operative societies. A surcharge of 10% is generally applied to calculated income tax. The Act also specifies rules for computing agricultural income, addressing deductions, loss set-offs, and tax assessment procedures. The provisions ensure a structured approach to income taxation, including deductions at source and tax on specific income types.