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of <h1>Taxation Laws Amendment 2001: Surcharge Rates on Income Tax Increased Across Various Parts and Paragraphs of First Schedule.</h1> The Taxation Laws (Amendment) Act, 2001, modifies the First Schedule of the principal Act by altering the surcharge rates on income tax. In Part II, the surcharge rates are increased from ten percent to twelve percent and from eleven percent to thirteen percent. In Part III, the surcharge is consistently raised from ten percent to twelve percent across various paragraphs, with a specific increase from fifteen percent to seventeen percent in one sub-item. These amendments reflect an overall increase in the surcharge percentages applied to income tax under the specified parts and paragraphs of the schedule.
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