https://www.taxtmi.com/acts?id=31773 Clause 2 sets the income-tax charging and computation framework for assessment year 2018-2019 by reference to rates in the First Schedule, including basic income-tax rates for individuals, HUFs, firms, co-operatives, local authorities and companies; tiered surcharge rates for higher-income taxpayers with marginal relief; aggregation rules for net agricultural income with substituted thresholds for senior residents; and alignment of special-regime tax computation with the Schedule rates. Parts II and III fix withholding and advance tax rates for the financial year 2018-2019, and Clause 2 replaces earlier educational cesses for many cases with a consolidated Health and Education Cess subject to specified exceptions. en-us Thu, 01 Feb 2018 17:01:26 +0530 Fri, 02 Feb 2018 11:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31773 Clause 2 sets the income-tax charging and computation framework for assessment year 2018-2019 by reference to rates in the First Schedule, including basic income-tax rates for individuals, HUFs, firms, co-operatives, local authorities and companies; tiered surcharge rates for higher-income taxpayers with marginal relief; aggregation rules for net agricultural income with substituted thresholds for senior residents; and alignment of special-regime tax computation with the Schedule rates. Parts II and III fix withholding and advance tax rates for the financial year 2018-2019, and Clause 2 replaces earlier educational cesses for many cases with a consolidated Health and Education Cess subject to specified exceptions. Act-Rules Bills Thu, 01 Feb 2018 17:01:26 +0530 https://www.taxtmi.com/acts?id=31773