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of <h1>Finance Bill 2019 Sets Income-Tax Deduction Rates and Advance Tax Computation for FY 2019-20; See Part III, First Schedule.</h1> The Finance Bill 2019 outlines the rates for income-tax deduction at source from salaries and the computation of advance tax for the financial year 2019-20. These rates apply to all categories of assessees and are detailed in Part III of the First Schedule. They also govern the charging of income-tax on current incomes in special cases requiring accelerated assessments, such as provisional assessments for non-resident shipping profits, individuals leaving India permanently, those transferring property to avoid tax, and temporary entities. The document further highlights the key features of these specified rates.
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