Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Note
Bookmark
Share
Don't have an account? Register Here
<h1>Union Budget 2024-25 Sets Income Tax Deduction, Advance Tax Rates for Salaries; Special Cases Addressed in Part III.</h1> The Union Budget 2024-25 and Finance (No. 2) Bill, 2024, outline the rates for income tax deduction at source from salaries and the computation of advance tax for the fiscal year 2024-25 (Assessment Year 2025-26). These rates, detailed in Part III of the First Schedule, apply to all categories of assessees. They also govern the charging of income tax in special cases requiring accelerated assessments, such as provisional assessments of shipping profits for non-residents, assessments of individuals leaving India permanently, and assessments of entities formed for short durations.