2025Section 218

218. Tax on business income of Offshore Banking Units or International Financial Services Centre unit.

In the 1961 Act1 match · Unreviewed

1961 Section 115-IReworded · Unreviewed · Compare

From the Income Tax Department's correspondence.

Where the total income of an assessee includes income of the nature referred to in section 147(3), the aggregate of income-tax payable by the assessee shall be the aggregate of income-tax computed on the income specified in column B of the Table below at the rate specified in the corresponding entry in column C of the said Table:

TABLE

Sl. No.	Income	Rate of income-tax payable
A	B	C
1.	Income referred to in section 147(3)	15%
2.	Total income as reduced by income referred to in Sl. No. (1)	Rates in force.]

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·