https://www.taxtmi.com/acts?id=46567 for the specified assessment year is charged at First Schedule rates with prescribed surcharges. Where an assessee has net agricultural income plus total income exceeding the threshold, the agricultural income is accounted for only to compute tax on total income by aggregating incomes to determine tax, computing tax on agricultural income increased by a fixed amount, deducting the latter from the aggregate tax (subject to a percentage cap), and adding a prescribed surcharge. A similar mechanism applies to computations for withholding, salary-related deductions and advance tax, and Part II and Part III prescribe rates for specified deductions and computations. Definitions for key terms are provided. en-us Tue, 24 Dec 2024 16:08:40 +0530 Tue, 24 Dec 2024 16:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46567 for the specified assessment year is charged at First Schedule rates with prescribed surcharges. Where an assessee has net agricultural income plus total income exceeding the threshold, the agricultural income is accounted for only to compute tax on total income by aggregating incomes to determine tax, computing tax on agricultural income increased by a fixed amount, deducting the latter from the aggregate tax (subject to a percentage cap), and adding a prescribed surcharge. A similar mechanism applies to computations for withholding, salary-related deductions and advance tax, and Part II and Part III prescribe rates for specified deductions and computations. Definitions for key terms are provided. Act-Rules F. Acts / Amendment Acts Tue, 24 Dec 2024 16:08:40 +0530 https://www.taxtmi.com/acts?id=46567