(1) Income-tax shall be charged, levied, paid or collected on the basis of the total income of any person in any income year.

(2) Subject to the provisions of this Act, income-tax shall be charged, levied, paid or collected at the prescribed rate for any assessment year under an Act made by Parliament:

    Provided that income tax may be charged, levied, paid or collected at the prescribed rate on income earned in any period other than the income year.

(3) The following taxes shall be charged, levied, paid or collected in accordance with the provisions of this Act, namely:—

(a) tax at source;

(b) advance income tax;

(c) minimum tax; and

(d) any other tax.

(4) Subject to the provisions of this Act, any surcharge or any other charge shall be charged, levied or collected at such rate and in such nature as may be prescribed under an Act made by Parliament.

(5) Notwithstanding anything contained in this section, tax shall be levied at the rate specified in Part 7 and the Seventh Schedule in the following cases—

(a) any income by way of capital gain;

(b) any income by way of dividend; and

(c) any money received by winning a lottery, crossword puzzle, card game, online game or game of any similar nature.