https://www.taxtmi.com/acts?id=43725 Income-tax rates for the assessment year beginning 1 April 2024 are prescribed and income-tax, withholding, collection and advance tax are increased by specified surcharges per categories in the First Schedule. Net agricultural income above a small exemption is aggregated for tax computation only to determine liability using a prescribed two-step adjustment, with modified exemption amounts for senior citizens and special treatment where the section 115BAC regime applies. A Health and Education Cess is imposed as an additional percentage on tax plus surcharge, and limited definitions are provided for key terms. en-us Sat, 17 Aug 2024 12:48:46 +0530 Wed, 21 Aug 2024 12:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43725 Income-tax rates for the assessment year beginning 1 April 2024 are prescribed and income-tax, withholding, collection and advance tax are increased by specified surcharges per categories in the First Schedule. Net agricultural income above a small exemption is aggregated for tax computation only to determine liability using a prescribed two-step adjustment, with modified exemption amounts for senior citizens and special treatment where the section 115BAC regime applies. A Health and Education Cess is imposed as an additional percentage on tax plus surcharge, and limited definitions are provided for key terms. Act-Rules F. Acts / Amendment Acts Sat, 17 Aug 2024 12:48:46 +0530 https://www.taxtmi.com/acts?id=43725