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TMI BlogIncome-taxX X X X Extracts X X X X X X X X Extracts X X X X ..... alculated in each case in the manner provided therein. (2) in the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding six hundred rupees. In addition to total income, and the total income exceeds,- (i) in a case to which the said Sub-Paragraph I applies, thirty thousand rupees, and (ii) in a case to which the said Sub-Paragraph II applies, eighteen thousand rupees, then,-- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the total income after,- (i) in a case to which the said S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income-tax so arrived at, as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, shall, in the case of every person having a total income exceeding one hundred thousand rupees, be increased by a surcharge for purposes of the Union calculated at the rate of twelve per cent. of such income-tax and the sum so arrived at shall be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or Chapter XII-A or sub-section (1A) of section 161 or section 164 or section 164A or section 167B of the Income-tax Act apply, the tax chargeable shall be determined as provided in that Chapter or that section, and with reference to the rates imposed by sub-section (1) or the rates ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduction Shall be made at the rates specified in those sections and shall be increased in the case of an assessee, being a domestic company, by a surcharge calculated at the rate of fifteen per cent. of such deduction. (6) In cases in which tax has to be collected under section 206C of the Income-tax Act, the collection shall be made at the rate specified in that section and shall be increased in the case of a buyer being a domestic company, by a surcharge calculated at the rate of fifteen per cent. of such collection. (7) Subject to the provisions of sub-section (8), in cases in which income-tax has to be calculated under the first proviso to sub-section (5) of section 132 of the Income-tax Actor charged under sub-section (A) of sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lculated at the rate of fifteen per cent. of such "advance tax". (8) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A of Part III of the First Schedule applies, where the assessee has, in the previous year or, if by virtue of any provision of the Income-tax Act, income-tax is to be charged in respect of the income of a period other than the previous year, in such other period, any net agricultural income exceeding six hundred rupees, in addition to total income and the total income exceeds,-- (i) in a case to which the said Sub-paragraph I applies, thirty-five thousand rupees, and (ii) in a case to which the said Sub-Paragraph II applies, eighteen thousand rupees, then, in calculating income-tax under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sub-Paragraph I applies, by a sum of thirty-five .thousand rupees; and (B) in a case to which the said Sub-Paragraph II applies, by a sum of eighteen thousand rupees, and the amount of income-tax or "advance tax" shall be determined in respect of the net agricultural income as so increased at the rates specified in the said Sub-Paragraph I or, as the case may be, the said Sub-Paragraph II as if the net agricultural income as so increased were the total income; (iii) the amount of income-tax or "advance tax" determined in accordance with sub-clause (i) shall be reduced by the amount of income-tax or, as the case may be, "advance tax" determined in accordance with sub-clause (ii) and the sum so arrived at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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