Income tax rates: surcharge and agricultural income aggregation affect taxable total and advance tax computations. Income-tax is charged at the First Schedule rates subject to special computation where net agricultural income exceeds the prescribed threshold alongside total income: aggregate total and agricultural income to determine tax at applicable rates, determine tax on agricultural income after increasing it by the specified sum, and deduct the latter from the former to obtain tax on total income. This computation method also applies, where relevant, to advance tax and to tax charged under specified salary provisions, and certain cases require increasing tax, deductions or collections by a surcharge as provided.
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Provisions expressly mentioned in the judgment/order text.
Income tax rates: surcharge and agricultural income aggregation affect taxable total and advance tax computations.
Income-tax is charged at the First Schedule rates subject to special computation where net agricultural income exceeds the prescribed threshold alongside total income: aggregate total and agricultural income to determine tax at applicable rates, determine tax on agricultural income after increasing it by the specified sum, and deduct the latter from the former to obtain tax on total income. This computation method also applies, where relevant, to advance tax and to tax charged under specified salary provisions, and certain cases require increasing tax, deductions or collections by a surcharge as provided.
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