MINISTRY OF LAW AND JUSTICE
New Delhi, the 31st March, 2017
The following Act of Parliament received the assent of the President on the 31st March, 2017, and is hereby published for general information:
THE FINANCE ACT, 2017
No. 7 OF 2017
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An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.
BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:—
1. (1) This Act may be called the Finance Act, 2017.
(2) Save as otherwise provided in this Act, sections 2 to 88 shall come into force on the 1st day of April, 2017.
RATES OF INCOME-TAX
2. (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year Income-tax. commencing on the 1st day of April, 2017, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax shall be increased by a surcharge, for the purposes of the Union, calculated in each case in the manner provided therein.