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      Rate of income-tax in case of every local authority - Budget 2017-18 - Income Tax Rates - For the Assessment Year 2018-19

      2 February, 2017

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      SCHEDULE 01 - THE FIRST SCHEDULE (See section 2)

      THE FINANCE BILL, 2017

      Rate of income-tax in case of every local authority. In such cases, the rate of tax will continue to be the same as that specified for the assessment year 2017-2018. The surcharge in cases of local authorities, having income above one crore rupees shall be levied at the rate of twelve per cent. Marginal relief will be provided.

       

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