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<h1>Finance Act, 2000: Progressive Tax Rates for Individuals, Surcharges for Companies, and Rules for Agricultural Income Deductions.</h1> The Finance Act, 2000 outlines income tax rates and surcharges for various entities. Individuals, Hindu undivided families, and similar entities have a progressive tax rate starting from nil for incomes up to Rs. 50,000, increasing to 30% for incomes over Rs. 1,50,000. Co-operative societies, firms, local authorities, and companies have specific tax rates, with surcharges applicable in certain cases. The Act also details tax deduction rates at source for different income types and provides rules for computing net agricultural income, including provisions for setting off losses against future income.