https://www.taxtmi.com/acts?id=15920 Clause 2 prescribes rates for charging, deducting and computing income-tax for assessment year 2012-2013 and financial year 2012-2013, including surcharges and education cesses. It sets a mechanism for treating net agricultural income above the threshold by aggregating it with total income for rate determination but exempting it from taxation, computing tax on the aggregate and subtracting tax on agricultural income increased by the threshold to arrive at tax on total income. Special regimes, withholding rules, differentiated surcharges for company categories, and definitions for terms such as domestic company are incorporated. en-us Fri, 16 Mar 2012 13:49:29 +0530 Fri, 16 Mar 2012 23:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15920 Clause 2 prescribes rates for charging, deducting and computing income-tax for assessment year 2012-2013 and financial year 2012-2013, including surcharges and education cesses. It sets a mechanism for treating net agricultural income above the threshold by aggregating it with total income for rate determination but exempting it from taxation, computing tax on the aggregate and subtracting tax on agricultural income increased by the threshold to arrive at tax on total income. Special regimes, withholding rules, differentiated surcharges for company categories, and definitions for terms such as domestic company are incorporated. Act-Rules Bills Fri, 16 Mar 2012 13:49:29 +0530 https://www.taxtmi.com/acts?id=15920