https://www.taxtmi.com/acts?id=17776 Income-tax for the assessment year beginning 1 April 2013 is charged at First Schedule rates and increased by prescribed surcharges; where net agricultural income exceeds Rs. 5,000 and total income exceeds basic exemption, agricultural income is aggregated with total income for tax charging but relieved by treating agricultural income as if included after the basic exemption and by computing tax on the aggregate less tax on the agricultural component increased by the basic threshold (with higher thresholds for senior and very senior resident individuals). Additional surcharges apply by taxpayer category and income thresholds, with 2% Education Cess and 1% Secondary and Higher Education Cess levied on tax and surcharge, and defined terms include domestic company, insurance commission and net agricultural income. en-us Tue, 14 May 2013 12:04:02 +0530 Mon, 17 Nov 2025 12:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17776 Income-tax for the assessment year beginning 1 April 2013 is charged at First Schedule rates and increased by prescribed surcharges; where net agricultural income exceeds Rs. 5,000 and total income exceeds basic exemption, agricultural income is aggregated with total income for tax charging but relieved by treating agricultural income as if included after the basic exemption and by computing tax on the aggregate less tax on the agricultural component increased by the basic threshold (with higher thresholds for senior and very senior resident individuals). Additional surcharges apply by taxpayer category and income thresholds, with 2% Education Cess and 1% Secondary and Higher Education Cess levied on tax and surcharge, and defined terms include domestic company, insurance commission and net agricultural income. Act-Rules F. Acts / Amendment Acts Tue, 14 May 2013 12:04:02 +0530 https://www.taxtmi.com/acts?id=17776