https://www.taxtmi.com/acts?id=8620 Income tax is charged at First Schedule rates subject to rebates and an additional surcharge. Net agricultural income above a de minimis amount is notionally aggregated with total income for rate application and then notionally increased by a fixed exemption to compute the taxable amount, with special threshold substitutions for women and senior citizens. The surcharge applies across specified taxable heads, deductions, collections and advance tax, varying by taxpayer category and subject to special ceilings for certain companies. Two additional levies, the Education Cess and the Secondary and Higher Education Cess, are imposed on tax plus surcharge. Definitions of key terms for the section are provided. en-us Thu, 01 May 2008 17:45:02 +0530 Sat, 03 May 2008 12:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8620 Income tax is charged at First Schedule rates subject to rebates and an additional surcharge. Net agricultural income above a de minimis amount is notionally aggregated with total income for rate application and then notionally increased by a fixed exemption to compute the taxable amount, with special threshold substitutions for women and senior citizens. The surcharge applies across specified taxable heads, deductions, collections and advance tax, varying by taxpayer category and subject to special ceilings for certain companies. Two additional levies, the Education Cess and the Secondary and Higher Education Cess, are imposed on tax plus surcharge. Definitions of key terms for the section are provided. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 17:45:02 +0530 https://www.taxtmi.com/acts?id=8620