https://www.taxtmi.com/acts?id=10098 Income-tax is charged at the rates in the First Schedule, reduced by applicable rebates and increased by surcharges calculated in prescribed ways. Net agricultural income above thresholds is aggregated with total income for rate application and relief is computed by calculating tax on the aggregate, computing tax on agricultural income increased by a base amount and taking the difference. Specific Chapters and sections prescribe alternative computation where applicable; withholding, deduction and collection provisions follow the same rates and surcharge rules. An additional Education Cess is levied on tax plus surcharge, and key definitions are provided. en-us Wed, 22 Oct 2008 14:25:58 +0530 Wed, 22 Oct 2008 14:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10098 Income-tax is charged at the rates in the First Schedule, reduced by applicable rebates and increased by surcharges calculated in prescribed ways. Net agricultural income above thresholds is aggregated with total income for rate application and relief is computed by calculating tax on the aggregate, computing tax on agricultural income increased by a base amount and taking the difference. Specific Chapters and sections prescribe alternative computation where applicable; withholding, deduction and collection provisions follow the same rates and surcharge rules. An additional Education Cess is levied on tax plus surcharge, and key definitions are provided. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 14:25:58 +0530 https://www.taxtmi.com/acts?id=10098