Income-tax slab revision establishes graduated rates and a surcharge for individuals and specified family entities under substituted First Schedule provision. Substitution of Paragraph A Part III of the First Schedule (effective 1 April 1975) prescribes revised progressive income tax rates for individuals, HUFs, unregistered firms, associations and certain juridical persons, and mandates that the computed tax be increased by a Union surcharge. A separate Sub Paragraph II provides an alternative, higher rate schedule for Hindu undivided families with at least one member whose income exceeds the baseline threshold, with the same surcharge rule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Income-tax slab revision establishes graduated rates and a surcharge for individuals and specified family entities under substituted First Schedule provision.
Substitution of Paragraph A Part III of the First Schedule (effective 1 April 1975) prescribes revised progressive income tax rates for individuals, HUFs, unregistered firms, associations and certain juridical persons, and mandates that the computed tax be increased by a Union surcharge. A separate Sub Paragraph II provides an alternative, higher rate schedule for Hindu undivided families with at least one member whose income exceeds the baseline threshold, with the same surcharge rule.
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