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of <h1>Income Tax Rates and Rules for Individuals, Entities, and Agricultural Income in India for Financial Year 2012</h1> The statutory provisions outline the rates of income tax applicable to various entities and individuals in India for the financial year 2012. Different tax slabs are specified for individuals based on age and gender, with varying exemptions and rates. Co-operative societies, firms, local authorities, and companies are also subject to specific tax rates, with domestic and non-domestic companies facing different rates and surcharges. The document also details rules for tax deduction at source and computation of agricultural income, including provisions for setting off agricultural losses against income.
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