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<h1>Finance Act, 1997: Details Tax Rates, Deductions, and Agricultural Income Rules for Individuals and Entities</h1> The Finance Act, 1997 outlines various income tax rates applicable to individuals, Hindu undivided families, associations, co-operative societies, firms, local authorities, and companies. It specifies different tax rates based on income brackets, with surcharges applicable to domestic companies exceeding certain income thresholds. The Act also details tax deduction rates at source for various income types, including interest, winnings, and royalties, with distinctions between resident and non-resident taxpayers. Additionally, it provides rules for computing net agricultural income, including provisions for setting off losses and the assessment procedures applicable to such computations.