https://www.taxtmi.com/news?id=19535 Rates for assessment year 2018-19 set slabbed income-tax rates for individuals with higher basic exemptions for senior citizens, entity-specific corporate rates including a concessional domestic company rate for qualifying turnover, and graduated surcharge regimes with marginal relief to limit surcharge increases on incomes crossing thresholds. TDS rates generally mirror the prior year, except for a new TDS obligation on long-term capital gains at a specified flat rate. The erstwhile education cesses are replaced by a consolidated Health and Education Cess levied on tax inclusive of surcharge, to which marginal relief does not apply. en-us Mon, 05 Feb 2018 10:44:03 +0530 Mon, 05 Feb 2018 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19535 Rates for assessment year 2018-19 set slabbed income-tax rates for individuals with higher basic exemptions for senior citizens, entity-specific corporate rates including a concessional domestic company rate for qualifying turnover, and graduated surcharge regimes with marginal relief to limit surcharge increases on incomes crossing thresholds. TDS rates generally mirror the prior year, except for a new TDS obligation on long-term capital gains at a specified flat rate. The erstwhile education cesses are replaced by a consolidated Health and Education Cess levied on tax inclusive of surcharge, to which marginal relief does not apply. News - Mon, 05 Feb 2018 10:44:03 +0530 https://www.taxtmi.com/news?id=19535