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of <h1>Tax Rates Unveiled: Comprehensive Income Tax Framework for Individuals, Companies, and Entities Under Finance Act 1995</h1> The text details the income tax rates and provisions in the Finance Act of 1995, covering tax calculations for different categories of taxpayers including individuals, Hindu undivided families, cooperative societies, firms, local authorities, and companies. It specifies graduated tax rates based on total income levels, with different rates for domestic and non-domestic entities. The document also includes rules for computing agricultural income, setting off losses, and guidelines for tax deduction at source across various income types. The provisions apply to the assessment year commencing on April 1, 1995, with detailed tax rate slabs and surcharge specifications.
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