https://www.taxtmi.com/acts?id=45730 Section 2 requires income tax and super tax for the assessment year commencing 1 April 1964 to be charged at First Schedule rates (with applicable surcharges) and sets apportionment rules: salary income of non company assessees is taxed proportionately using prior rates; companies (except the Life Insurance Corporation) with life insurance profits pay super tax split between insurance profits and remaining income; exporters and qualifying manufacturers receive specified deductions subject to exclusions and an overall cap; withholding rates follow Part III; defined terms adopt Income tax Act meanings. en-us Mon, 02 Dec 2024 16:57:02 +0530 Tue, 08 Apr 2025 12:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45730 Section 2 requires income tax and super tax for the assessment year commencing 1 April 1964 to be charged at First Schedule rates (with applicable surcharges) and sets apportionment rules: salary income of non company assessees is taxed proportionately using prior rates; companies (except the Life Insurance Corporation) with life insurance profits pay super tax split between insurance profits and remaining income; exporters and qualifying manufacturers receive specified deductions subject to exclusions and an overall cap; withholding rates follow Part III; defined terms adopt Income tax Act meanings. Act-Rules F. Acts / Amendment Acts Mon, 02 Dec 2024 16:57:02 +0530 https://www.taxtmi.com/acts?id=45730