(i) Passed by Lok Sabha on Feb. 19, 2014) (ii) Passed by Rajya Sabha on Feb 21, 2014)

            As Introduced              As Passed by Lok Sabha                      Act 11 of 2014 

BILL to continue the existing rates of income-tax for the financial year 2014-2015. BE it enacted by Parliament in the Sixty-fifth Year of the Republic of India as follows:—CHAPTER I  PRELIMINARY

1. (1) This Act may be called the Finance Act, 2014. (2) Section 2 shall come into force on the 1st day of April, 2014. CHAPTER II RATES OF INCOME-TAX 

2. The provisions of section 2 of, and the First Schedule to, the Finance Act, 2013, shall apply in relation to income-tax for the assessment year or, as the case may be, the financial year commencing on the 1st day of April, 2014, as they apply in relation to income-tax for the assessment year or, as the case may be, the financial year commencing on the 1st day of April, 2013, with the following modifications,  amely:–– (a) in section 2,–– (i) in sub-section (1), for the figures  “2013”, the figures “2014” shall besubstituted; (ii) in sub-section (3), for the first, second and third provisos, the following provisos shall be substituted, namely:––“Provided that the amount of income-tax computed in accordance with the provisions of section 111A or section 112 shall be increased by a surcharge, for purposes of the Union, as provided in Paragraphs A, B, C, D or Paragraph E of Part I of the First Schedule.