https://www.taxtmi.com/acts?id=10644 Income-tax for the assessment year commencing 1 April 2009 is charged at First Schedule rates and is increased by surcharges applied to tax, TDS, TCS and advance tax in specified cases. Net agricultural income above a de minimis amount is aggregated with total income solely for computing tax by aggregating incomes, computing tax on the aggregate, computing tax on agricultural income after adding the basic exemption equivalent, and subtracting to obtain tax on total income; higher basic-exemption equivalents apply to resident women and senior citizens. Two additional education cesses are levied on tax plus surcharge, and definitions such as "domestic company" and "net agricultural income" are specified. en-us Tue, 04 Aug 2009 16:58:21 +0530 Sat, 08 Aug 2009 11:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10644 Income-tax for the assessment year commencing 1 April 2009 is charged at First Schedule rates and is increased by surcharges applied to tax, TDS, TCS and advance tax in specified cases. Net agricultural income above a de minimis amount is aggregated with total income solely for computing tax by aggregating incomes, computing tax on the aggregate, computing tax on agricultural income after adding the basic exemption equivalent, and subtracting to obtain tax on total income; higher basic-exemption equivalents apply to resident women and senior citizens. Two additional education cesses are levied on tax plus surcharge, and definitions such as "domestic company" and "net agricultural income" are specified. Act-Rules F. Acts / Amendment Acts Tue, 04 Aug 2009 16:58:21 +0530 https://www.taxtmi.com/acts?id=10644