https://www.taxtmi.com/acts?id=10117 Revises direct tax rates and surcharges, restructures personal tax slabs with higher exemption thresholds, reduces corporate tax rates while adjusting surcharges and continuing education cess, and revises TDS/advance tax rates. Introduces a shift to an EET-aligned savings regime by replacing rebate with an income-deduction under proposed section 80C and aggregate cap under 80CCE, and omits certain rebate provisions. Establishes a Fringe Benefit Tax on employers, expands filing and TDS obligations, and proposes a Banking Cash Transaction Tax with collection, assessment and penalty rules; consequential customs, excise and service tax rate and procedural reforms accompany these changes. en-us Wed, 22 Oct 2008 16:48:57 +0530 Wed, 22 Oct 2008 16:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10117 Revises direct tax rates and surcharges, restructures personal tax slabs with higher exemption thresholds, reduces corporate tax rates while adjusting surcharges and continuing education cess, and revises TDS/advance tax rates. Introduces a shift to an EET-aligned savings regime by replacing rebate with an income-deduction under proposed section 80C and aggregate cap under 80CCE, and omits certain rebate provisions. Establishes a Fringe Benefit Tax on employers, expands filing and TDS obligations, and proposes a Banking Cash Transaction Tax with collection, assessment and penalty rules; consequential customs, excise and service tax rate and procedural reforms accompany these changes. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 16:48:57 +0530 https://www.taxtmi.com/acts?id=10117