https://www.taxtmi.com/acts?id=20389 Clause 2 fixes the rates of income-tax for the assessment year as set out in the First Schedule and prescribes that such tax shall be increased by a surcharge calculated as provided. It prescribes computation rules for including net agricultural income for charging tax, provides age based substitution of basic exemption limits, applies special charging rules where other chapters or sections govern tax liability, and mandates specified cess levies on tax and surcharge with limited exceptions for TDS/TCS in relation to domestic companies and residents. en-us Mon, 29 Feb 2016 16:12:16 +0530 Mon, 29 Feb 2016 18:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20389 Clause 2 fixes the rates of income-tax for the assessment year as set out in the First Schedule and prescribes that such tax shall be increased by a surcharge calculated as provided. It prescribes computation rules for including net agricultural income for charging tax, provides age based substitution of basic exemption limits, applies special charging rules where other chapters or sections govern tax liability, and mandates specified cess levies on tax and surcharge with limited exceptions for TDS/TCS in relation to domestic companies and residents. Act-Rules Bill Mon, 29 Feb 2016 16:12:16 +0530 https://www.taxtmi.com/acts?id=20389