https://www.taxtmi.com/acts?id=43545 This provision fixes income tax, TDS, TCS and advance tax rates for the assessment year beginning 1 April 2024 and prescribes that computed tax be increased by a surcharge for the purposes of the Union. Different surcharge bands and capped rates apply by taxpayer category and by specific income heads or special provisions; certain specified funds and income types are exempted from surcharge. Net agricultural income above a threshold is notionally aggregated for rate determination but neutralised by a recomputation method. The aggregate tax and surcharge is further increased by a Health and Education Cess, subject to limited exceptions. en-us Tue, 23 Jul 2024 15:25:54 +0530 Fri, 26 Jul 2024 17:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43545 This provision fixes income tax, TDS, TCS and advance tax rates for the assessment year beginning 1 April 2024 and prescribes that computed tax be increased by a surcharge for the purposes of the Union. Different surcharge bands and capped rates apply by taxpayer category and by specific income heads or special provisions; certain specified funds and income types are exempted from surcharge. Net agricultural income above a threshold is notionally aggregated for rate determination but neutralised by a recomputation method. The aggregate tax and surcharge is further increased by a Health and Education Cess, subject to limited exceptions. Act-Rules Bills Tue, 23 Jul 2024 15:25:54 +0530 https://www.taxtmi.com/acts?id=43545