https://www.taxtmi.com/acts?id=46086 Income-tax for the assessment year beginning 1 April 1966 is charged at First Schedule rates with surcharges; salaries included in total income are taxed proportionately using prior rates; companies with life insurance profits are taxed by aggregating tax on the life insurance portion at the Life Insurance Corporation rate and tax on the remainder at the company rate. Export-related deductions are allowed (subject to exclusions and a cap not exceeding tax payable). TDS follows Part II rates and the section supplies key definitions including domestic and industrial company. en-us Thu, 12 Dec 2024 14:57:11 +0530 Thu, 12 Dec 2024 16:32:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46086 Income-tax for the assessment year beginning 1 April 1966 is charged at First Schedule rates with surcharges; salaries included in total income are taxed proportionately using prior rates; companies with life insurance profits are taxed by aggregating tax on the life insurance portion at the Life Insurance Corporation rate and tax on the remainder at the company rate. Export-related deductions are allowed (subject to exclusions and a cap not exceeding tax payable). TDS follows Part II rates and the section supplies key definitions including domestic and industrial company. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 14:57:11 +0530 https://www.taxtmi.com/acts?id=46086