https://www.taxtmi.com/acts?id=46425 Income-tax for assessment year commencing 1 April 1976 is charged at rates in Part I of the First Schedule with applicable surcharges; where net agricultural income exists, tax on total income is computed by aggregating total and agricultural income, taxing the aggregate, taxing agricultural income increased by eight thousand rupees, and taking the difference. Companies with life-insurance profits compute tax by applying the Life Insurance Corporation rate to that portion and the company rate to the remainder. Part II and Part III prescribe rates for specified deductions and advance tax, and deposit schemes may reduce surcharge obligations. Key definitions are provided. en-us Thu, 19 Dec 2024 17:49:46 +0530 Thu, 19 Dec 2024 17:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46425 Income-tax for assessment year commencing 1 April 1976 is charged at rates in Part I of the First Schedule with applicable surcharges; where net agricultural income exists, tax on total income is computed by aggregating total and agricultural income, taxing the aggregate, taxing agricultural income increased by eight thousand rupees, and taking the difference. Companies with life-insurance profits compute tax by applying the Life Insurance Corporation rate to that portion and the company rate to the remainder. Part II and Part III prescribe rates for specified deductions and advance tax, and deposit schemes may reduce surcharge obligations. Key definitions are provided. Act-Rules F. Acts / Amendment Acts Thu, 19 Dec 2024 17:49:46 +0530 https://www.taxtmi.com/acts?id=46425