Income-tax under Act 43 of 1961.

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....e to income-tax A B C 1. (i) Every individual other than the individual referred to in Sl. No. 2 or 3; or (ii) Hindu undivided family; or (iii) association of persons or body of individuals, whether incorporated or not; or (iv) every artificial juridical person referred to in section 2(31)(vii) of the said Act, not being an assessee to which Paragraph B, C, D or E of Part I-A of the First Schedule applies or to whom Sl. No. 4 applies. Rs. 2,50,000. 2. Every individual, being a resident in India, who is of the age of sixty or more but less than eighty years at any time during the previous year. Rs. 3,00,000. 3. Every individual, being a resident in India, who is of the age of eighty years or more at any time during the previous year. Rs. 5,00,000. 4. Assessee whose income is chargeable to tax under section 115BAC(1A) of the said Act. Rs. 4,00,000. (b) For the purposes of clause (a), the income-tax chargeable shall be computed as per the following formula:- Zo = Xo-Yo where,-- Zo = the income-tax chargeable for the purposes of clause (a); Xo = the amount of income-tax determined in resp....

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.... in column D of the said Table, of such income-tax. Sl. No. Section Person Rate of surcharge A B C D 1. 115A, 115AB, 115AC, 115ACA, 115AD, 115B, 115BA, 115BB, 115BBA, 115BBC, 115BBF, 115BBG, 115BBH, 115BBI, 115BBJ, 115E, 115JB or 115JC. (i) Every individual; or (ii) Hindu undivided family; or (iii) association of persons, except in a case of an association of persons consisting of only companies as its members, whether incorporated or not; or (iv) body of individuals, whether incorporated or not; or (v) every artificial juridical person referred to in section 2(31)(vii) of the said Act, not having any income under section 115AD of the said Act and not having any income chargeable to tax under section 115BAC(1A) of the said Act. (i) Where the total income exceeds Rs. 50,00,000 but does not exceed Rs. 1,00,00,000, at the rate of ten per cent.; (ii) where the total income exceeds Rs. 1,00,00,000 but does not exceed Rs. 2,00,00,000, at the rate of fifteen per cent.; (iii) where the total income exceeds Rs. 2,00,00,000 but does not exceed Rs. 5,00,00,000, at the rate of twenty-five per cent.; (iv) where the total income exceeds....

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....e rate of fifteen per cent. 4. 115A, 115AB, 115AC, 115ACA, 115AD, 115B, 115BA, 115BB, 115BBA, 115BBC, 115BBF, 115BBG, 115BBH, 115BBI, 115BBJ, 115E, 115JB or 115JC. Every co-operative society except such co-operative society whose income is chargeable to tax under section 115BAD or 115BAE of the said Act. (i) Where the total income exceeds Rs. 1,00,00,000 but does not exceed Rs.10,00,00,000, at the rate of seven per cent.; (ii) where the total income exceeds Rs. 10,00,00,000, at the rate of twelve per cent. 5. 115A, 115AB, 115AC, 115ACA, 115AD, 115B, 115BA, 115BB, 115BBA, 115BBC, 115BBF, 115BBG, 115BBH, 115BBI, 115BBJ, 115E, 115JB or 115JC. Every firm or local authority Where the total income exceeds Rs. 1,00,00,000, at the rate of twelve per cent. 6. 115A, 115AB, 115AC, 115ACA, 115AD, 115B, 115BA, 115BB, 115BBA, 115BBC, 115BBF, 115BBG, 115BBH, 115BBI, 115BBJ, 115E, 115JB or 115JC. Every domestic company except such domestic company whose income is chargeable to tax under section 115BAA or 115BAB of the said Act. (i) Where the total income exceeds Rs. 1,00,00,000 but does not exceed Rs. 10,00,00,000, at the rate of seven per cent.; (ii) wher....

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..... 50,00,000 but does not exceed Rs. 1,00,00,000, at the rate of ten per cent.; (ii) where the total income exceeds Rs. 1,00,00,000, at the rate of fifteen per cent. 12. 115BAD or 115BAE. Every co-operative society resident in India. Ten per cent. 13. 115AD (1)(a). Specified fund, referred to in clause (c) of the Explanation to section 10(4D) of the said Act, whose income includes any income under section 115AD(1)(a) of the said Act. No surcharge on income-tax computed on that part of income as referred to in section 115AD(1)(a) of the said Act. (5) For the purposes of sub-section (4), in respect of the persons mentioned in column B of the Table below, having total income chargeable to tax under sub-section (1A) of section 115BAC or section 115JB or section 115JC of the said Act, as the case may be, and such income exceeds the amount as specified in column C of the said Table but does not exceed the amount specified in column D thereof, the total amount payable as income-tax and surcharge thereon shall not exceed the amount determined as per the following formula:- To = Ro + So where,-- To = the total amount beyond which....