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<h1>Income Tax for 1997: Rates, Surcharges & Agricultural Income Rules Explained, Including Key Definitions and Provisions.</h1> For the assessment year starting April 1, 1997, income-tax is charged at rates specified in the First Schedule, with surcharges applicable as outlined. If net agricultural income exceeds 600 rupees and total income surpasses 40,000 rupees, the agricultural income is considered for tax purposes, with calculations involving aggregation and adjustments. Specific provisions apply for domestic companies and certain sections of the Income-tax Act, with surcharges and deductions detailed. Definitions for terms like 'domestic company' and 'net agricultural income' are provided, and all terms not defined here refer to their meanings in the Income-tax Act.