https://www.taxtmi.com/acts?id=48683 Income-tax for the assessment year beginning 1 April 1997 is charged at rates in Part I of the First Schedule with applicable surcharges; where net agricultural income in the previous year exceeds the de minimis amount and total income exceeds the basic exemption, net agricultural income is included only for tax computation by aggregating it with total income, computing tax on the aggregate, computing tax on the agricultural income after adding the basic offset, and subtracting the latter to determine tax chargeable. Corresponding rules apply for advance tax, specified provisos and sections, and surcharge and withholding/collection rates follow the First Schedule or the relevant statutory provisions. en-us Thu, 13 Feb 2025 17:32:40 +0530 Thu, 13 Feb 2025 17:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48683 Income-tax for the assessment year beginning 1 April 1997 is charged at rates in Part I of the First Schedule with applicable surcharges; where net agricultural income in the previous year exceeds the de minimis amount and total income exceeds the basic exemption, net agricultural income is included only for tax computation by aggregating it with total income, computing tax on the aggregate, computing tax on the agricultural income after adding the basic offset, and subtracting the latter to determine tax chargeable. Corresponding rules apply for advance tax, specified provisos and sections, and surcharge and withholding/collection rates follow the First Schedule or the relevant statutory provisions. Act-Rules F. Acts / Amendment Acts Thu, 13 Feb 2025 17:32:40 +0530 https://www.taxtmi.com/acts?id=48683