The First Schedule to the Finance Act contains four parts which specify the rates of tax
| Schedule | Part | Particulars |
|---|---|---|
| First Schedule | I | Rates of tax for current Assessment Year |
| First Schedule | II | Rates of TDS for the current Financial Year |
| First Schedule | III | Rates of Income Tax for Income Chargeable to tax under the head “Salaries” & advance tax |
| First Schedule | IV | Rules for determining/computing net agricultural income. |