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<h1>Tax Rates for Firms Dynamically Adjusted Under Clause 324, Ensuring Flexible Income Taxation and Fiscal Policy Adaptability</h1> A legal analysis of Clause 324 in the Income Tax Bill, 2025 reveals a provision for taxing firms at rates specified in the annual Finance Act. The clause mirrors existing Section 167A, maintaining continuity in firm taxation principles. It applies to firms assessable under tax law, charging tax on total income with annual rate flexibility. The provision ensures entity-level taxation while allowing government adaptability in fiscal policy implementation.