TaxTMI 
TaxTMI 
Individual, HUF, association of persons, body of individuals, artificial juridical person.
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....the Act shall be the rates applicable for determining the income-tax payable in respect of the total income of a person, being an individual or Hindu undivided family or association of persons [other than a co-operative society], or body of individuals, whether incorporated or not, or an artificial juridical person referred to in section 2(77)(g) of the Act:- Sl. No. Total income Rate of tax (....
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....red to in section 2(77)(g) of the Act (not being a case to which Paragraph B, C, D, and E of Part I-B applies) are as under:- (1) Upto Rs. 2,50,000 Nil (2) From Rs. 2,50,001 to Rs. 5,00,000 5% (3) From Rs. 5,00,001 to Rs. 10,00,000 20% (4) Above Rs. 10,00,000 30% (ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than ei....
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....ifty lakh rupees but not exceeding one crore rupees, at the rate of 10% of such income-tax; (b) having a total income (including the dividend income or capital gains under the provisions of sections 196, 197 and 198 of the Act) exceeding one crore rupees but not exceeding two crore rupees, at the rate of 15% of such income-tax; (c) having a total income (excluding the dividend income or capita....
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....he Act, the rate of surcharge on the amount of income-tax computed in respect of that part of income shall not exceed 15%. 4.2 Provided further that in case of an association of persons consisting of only companies as its members, the rate of surcharge on the amount of income-tax shall not exceed 15%. 4.3 Further, for person whose income is chargeable to tax under section 202 of the Act, the sur....