https://www.taxtmi.com/acts?id=50458 Section 2 fixes income tax rates for the assessment year beginning 1 April 2025 and prescribes an additional surcharge calculated under detailed, tiered rules varying by taxpayer category and type of income. It provides special computation rules where net agricultural income exceeds a threshold by treating that income as notionally added after the basic exemption for tax and advance tax purposes, sets carve outs for alternative tax regimes and specified incomes, extends surcharge treatment to withholding, deduction and collection provisions and to advance tax, and adds a Health and Education Cess on tax plus surcharge with limited exceptions. en-us Tue, 01 Apr 2025 12:45:51 +0530 Wed, 02 Apr 2025 18:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50458 Section 2 fixes income tax rates for the assessment year beginning 1 April 2025 and prescribes an additional surcharge calculated under detailed, tiered rules varying by taxpayer category and type of income. It provides special computation rules where net agricultural income exceeds a threshold by treating that income as notionally added after the basic exemption for tax and advance tax purposes, sets carve outs for alternative tax regimes and specified incomes, extends surcharge treatment to withholding, deduction and collection provisions and to advance tax, and adds a Health and Education Cess on tax plus surcharge with limited exceptions. Act-Rules F. Acts / Amendment Acts Tue, 01 Apr 2025 12:45:51 +0530 https://www.taxtmi.com/acts?id=50458