RATES OF INCOME TAX
I.
Rates of income-tax in respect of income liable to tax for the assessment year
2013-14. In respect of income of all categories of assessees liable to tax for
the assessment year 2013-14, the rates of income-tax have been specified in
Part I of the First Schedule to the Bill. These are the same as those laid down
in Part III of the First Schedule to the Finance Act, 2012, for the purposes of
computation of “advance tax”, deduction of tax at source from “Salaries” and
charging of tax payable in certain cases.
