https://www.taxtmi.com/acts?id=11977 Tax liability is determined by applying prescribed rate schedules to total income, with Part I setting progressive bands for individuals (including distinct senior citizen bands) and fixed rates for various entities. Part II provides a formulaic method to include net agricultural income above the threshold in computation-aggregate income taxed, then tax on agricultural income plus threshold computed and subtracted to yield tax attributable to total income. Part III taxes prescribed special-source incomes at fixed rates and adds that tax to tax on ordinary-source income. en-us Fri, 17 Sep 2010 12:31:42 +0530 Fri, 17 Sep 2010 14:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11977 Tax liability is determined by applying prescribed rate schedules to total income, with Part I setting progressive bands for individuals (including distinct senior citizen bands) and fixed rates for various entities. Part II provides a formulaic method to include net agricultural income above the threshold in computation-aggregate income taxed, then tax on agricultural income plus threshold computed and subtracted to yield tax attributable to total income. Part III taxes prescribed special-source incomes at fixed rates and adds that tax to tax on ordinary-source income. Act-Rules Bills Fri, 17 Sep 2010 12:31:42 +0530 https://www.taxtmi.com/acts?id=11977