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Union Budget 2026-27 - Finance Bill, 2026
In the case of local authority, the rate of income-tax has been specified in Paragraph D of Part I-A of the First Schedule to the Bill. They remain unchanged at 30%.
Full Text:
Local authorities: income-tax rate remains 30% under Paragraph D of Part I-A of the First Schedule in the Finance Bill. The Finance Bill specifies the income-tax rate for local authorities in Paragraph D of Part I-A of the First Schedule, fixing the rate at 30% and maintaining continuity for that taxpayer category. of Press 'Enter' after typing page number.
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