<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>THE FIRST SCHEDULE (See section 2)</title>
    <link>https://www.taxtmi.com/acts?id=38800</link>
    <description>The Schedule prescribes slab-based income-tax rates for individuals (including senior and super senior residents), distinct rates for cooperative societies, firms, local authorities and companies with turnover-based and residency distinctions, and a structured surcharge regime with caps where higher total incomes include specified income heads. It sets withholding rates by income type for residents, non-residents and companies, applies surcharge to deducted tax above aggregate thresholds, and establishes rules for computing net agricultural income including apportionments, loss set-off across specified years, and procedural assessment powers.</description>
    <language>en-us</language>
    <pubDate>Sat, 28 Mar 2020 12:10:19 +0530</pubDate>
    <lastBuildDate>Sat, 28 Mar 2020 12:10:19 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=608550" rel="self" type="application/rss+xml"/>
    <item>
      <title>THE FIRST SCHEDULE (See section 2)</title>
      <link>https://www.taxtmi.com/acts?id=38800</link>
      <description>The Schedule prescribes slab-based income-tax rates for individuals (including senior and super senior residents), distinct rates for cooperative societies, firms, local authorities and companies with turnover-based and residency distinctions, and a structured surcharge regime with caps where higher total incomes include specified income heads. It sets withholding rates by income type for residents, non-residents and companies, applies surcharge to deducted tax above aggregate thresholds, and establishes rules for computing net agricultural income including apportionments, loss set-off across specified years, and procedural assessment powers.</description>
      <category>Act-Rules</category>
      <law>F. Acts / Amendment Acts</law>
      <pubDate>Sat, 28 Mar 2020 12:10:19 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=38800</guid>
    </item>
  </channel>
</rss>