Income tax rates and surcharge applied; net agricultural income aggregated for tax computation affecting taxable total. Income tax for the assessment year is charged at First Schedule rates and adjusted by a surcharge; where net agricultural income exceeds prescribed thresholds it is aggregated with total income for tax computation, then taxed by subtracting tax on the net agricultural income increased by a base amount, and corresponding aggregation rules apply for advance tax, salary withholding and other specified computations, with surcharge added where total income exceeds specified limits.
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Provisions expressly mentioned in the judgment/order text.
Income tax rates and surcharge applied; net agricultural income aggregated for tax computation affecting taxable total.
Income tax for the assessment year is charged at First Schedule rates and adjusted by a surcharge; where net agricultural income exceeds prescribed thresholds it is aggregated with total income for tax computation, then taxed by subtracting tax on the net agricultural income increased by a base amount, and corresponding aggregation rules apply for advance tax, salary withholding and other specified computations, with surcharge added where total income exceeds specified limits.
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