RATES OF INCOME-TAX

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....cial juridical person, not being a case to which any other Paragraph of this Part applies,— Rates of income-tax (1) where the total income does not exceed Rs. 2,00,000 Nil; (2) where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000 10 per cent. of the amount by which the total income exceeds Rs. 2,00,000; (3) where the total income exceeds Rs. 5,00,000 but does not exceed Rs.10,00,000 Rs. 30,000 plus 20 per cent. of the amount by which the total income exceeds Rs. 5,00,000; (4) where the total income exceeds Rs. 10,00,000 Rs.1,30,000 plus 30 per cent. of the amount by which the total income exceeds Rs. 10,00,000;       (II) In the case of every individual, being ....

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....(ii) where the total income exceeds Rs. 1,00,000 15 per cent. of the amount by which the total income exceeds Rs. 1,00,000 Paragraph D In the case of every unincorporated body,— Rate of income-tax On the whole of the total income 30 per cent. Paragraph E In the case of a company,— Rate of income-tax On the whole of the total income 30 per cent. PART II In the cases to which Paragraph A of Part 1 applies, where the person has, in the financial year, any net agricultural income exceeding five thousand rupees, in addition to total income from ordinary sources and the total income exceeds the threshold limit, then,—      (a) the net agricultural income shall be taken into accou....

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....nding entry in column (3) of the said Table, the liability to income-tax of the person shall be the aggregate of—      (a) the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table on the income specified in the corresponding entry in column (3); and      (b) the amount of income-tax calculated in accordance with the provisions of Part I and Part II in respect of the balance of his total income, that is, the "total income from ordinary sources": TABLE Serial Number Person Nature of income Rate of tax (1) (2) (3) (4) 1. Non-resident (a) On investment income by way of- (i) interest (ii) dividends on which dist....