https://www.taxtmi.com/acts?id=47150 Income-tax for the assessment year is charged at First Schedule rates and increased by surcharge as prescribed. Net agricultural income above the threshold is aggregated with total income for tax computation but treated as if included after the exempt portion; tax on the aggregate and on the increased agricultural amount are separately computed and the latter deducted from the former to determine tax on total income, with surcharge applied where the total income exceeds the surcharge threshold. Rates for deduction and collection at source and for advance tax are set by relevant Parts and sections and are subject to analogous surcharge treatment. Definitions required for application of these rules are supplied. en-us Wed, 08 Jan 2025 11:25:18 +0530 Wed, 08 Jan 2025 11:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47150 Income-tax for the assessment year is charged at First Schedule rates and increased by surcharge as prescribed. Net agricultural income above the threshold is aggregated with total income for tax computation but treated as if included after the exempt portion; tax on the aggregate and on the increased agricultural amount are separately computed and the latter deducted from the former to determine tax on total income, with surcharge applied where the total income exceeds the surcharge threshold. Rates for deduction and collection at source and for advance tax are set by relevant Parts and sections and are subject to analogous surcharge treatment. Definitions required for application of these rules are supplied. Act-Rules F. Acts / Amendment Acts Wed, 08 Jan 2025 11:25:18 +0530 https://www.taxtmi.com/acts?id=47150