https://www.taxtmi.com/news?id=13017 The Bill sets income-tax rates for assessment year 2014-2015, retaining prior-year slab rates for individuals and specified rates for other taxpayer classes, and carries forward rates for TDS and advance tax. Surcharges apply at differentiated rates where total income or payments exceed high-income thresholds, with marginal relief to limit additional burden to the excess income. Education Cess and Secondary and Higher Education Cess continue to be levied on tax inclusive of surcharge, with no marginal relief for the cesses; corresponding surcharge and cess rules also apply to tax deducted at source for non-residents and companies. en-us Sun, 13 Jul 2014 16:12:58 +0530 Sun, 13 Jul 2014 16:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13017 The Bill sets income-tax rates for assessment year 2014-2015, retaining prior-year slab rates for individuals and specified rates for other taxpayer classes, and carries forward rates for TDS and advance tax. Surcharges apply at differentiated rates where total income or payments exceed high-income thresholds, with marginal relief to limit additional burden to the excess income. Education Cess and Secondary and Higher Education Cess continue to be levied on tax inclusive of surcharge, with no marginal relief for the cesses; corresponding surcharge and cess rules also apply to tax deducted at source for non-residents and companies. News - Sun, 13 Jul 2014 16:12:58 +0530 https://www.taxtmi.com/news?id=13017