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of <h1>Government Circular: Updated Tax Rates on Interest from Securities for 1977-78 as per Finance (No.2) Bill, 1977.</h1> The circular issued by the Deputy Secretary to the Government of India addresses the applicable tax rates on interest from government securities for the fiscal year 1977-78, as outlined in the Finance (No.2) Bill, 1977. It instructs all Accountants-General and Comptrollers to issue a circular to Treasury Officers and Sub-Treasury Officers detailing the rates of income tax and surcharge to be deducted from such interest after June 17, 1977. This follows a previous circular from March 31, 1977, and aims to ensure compliance with the updated tax provisions.
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