https://www.taxtmi.com/acts?id=48205 Section 2 prescribes income-tax rates and the method of increasing tax by surcharges according to the First Schedule, requires rebates to be applied before surcharge, and sets aggregation-and-subtraction rules for treating net agricultural income when total income exceeds thresholds so that tax is computed on the aggregate minus tax on the increased agricultural income. It extends these mechanisms to advance tax, withholding and collection rates, special tax provisions, and applies higher surcharge rates in specified contexts, while defining key terms for rate application. en-us Wed, 29 Jan 2025 11:57:49 +0530 Wed, 29 Jan 2025 11:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48205 Section 2 prescribes income-tax rates and the method of increasing tax by surcharges according to the First Schedule, requires rebates to be applied before surcharge, and sets aggregation-and-subtraction rules for treating net agricultural income when total income exceeds thresholds so that tax is computed on the aggregate minus tax on the increased agricultural income. It extends these mechanisms to advance tax, withholding and collection rates, special tax provisions, and applies higher surcharge rates in specified contexts, while defining key terms for rate application. Act-Rules F. Acts / Amendment Acts Wed, 29 Jan 2025 11:57:49 +0530 https://www.taxtmi.com/acts?id=48205