https://www.taxtmi.com/forum/issue?id=108199 New income-tax rates for 2015-16 set tiered tax brackets with elevated nil-exemption thresholds for residents aged sixty and over and for residents aged eighty and over. The rates apply to individuals, HUFs, AOPs, BOIs and specified artificial juridical persons unless other provisions apply. A twelve percent surcharge is levied where total income exceeds the high-income threshold, but the total tax plus surcharge payable on incomes above that threshold is capped so it cannot exceed the tax on the threshold amount by more than the excess income. en-us Thu, 05 Mar 2015 11:22:36 +0530 Thu, 23 Jan 2025 15:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108199 New income-tax rates for 2015-16 set tiered tax brackets with elevated nil-exemption thresholds for residents aged sixty and over and for residents aged eighty and over. The rates apply to individuals, HUFs, AOPs, BOIs and specified artificial juridical persons unless other provisions apply. A twelve percent surcharge is levied where total income exceeds the high-income threshold, but the total tax plus surcharge payable on incomes above that threshold is capped so it cannot exceed the tax on the threshold amount by more than the excess income. Discussion-Forum Income Tax Thu, 05 Mar 2015 11:22:36 +0530 https://www.taxtmi.com/forum/issue?id=108199