https://www.taxtmi.com/acts?id=46681 Income-tax for the relevant assessment year is charged at First Schedule rates and increased by surcharge where applicable. Special computation rules treat net agricultural income as aggregated with total income only for computing tax: tax on the aggregate is determined, tax on the agricultural income after adding an exempt sum is determined, and the latter is subtracted from the former; the result is then increased by a fixed-rate surcharge subject to specified caps and provisos. Parallel mechanics apply to advance tax and where other specified provisions govern computation, and the section supplies key definitions used in the Schedule. en-us Sat, 28 Dec 2024 11:26:23 +0530 Sat, 28 Dec 2024 11:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46681 Income-tax for the relevant assessment year is charged at First Schedule rates and increased by surcharge where applicable. Special computation rules treat net agricultural income as aggregated with total income only for computing tax: tax on the aggregate is determined, tax on the agricultural income after adding an exempt sum is determined, and the latter is subtracted from the former; the result is then increased by a fixed-rate surcharge subject to specified caps and provisos. Parallel mechanics apply to advance tax and where other specified provisions govern computation, and the section supplies key definitions used in the Schedule. Act-Rules F. Acts / Amendment Acts Sat, 28 Dec 2024 11:26:23 +0530 https://www.taxtmi.com/acts?id=46681