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    <title>THE FIRST SCHEDULE</title>
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    <description>The Schedule sets the income-tax rate schedules across taxpayer classes (individuals with subcategories, firms, co-operatives, local authorities, domestic and non-domestic companies), prescribes surcharge mechanics with a capping proviso for high-income cases, fixes rates for deduction of tax at source across resident/non-resident and company/non-company payees for categories of receipts, provides rates for charging tax and computing advance tax, and establishes rules for computation, set-off and assessment procedure for net agricultural income.</description>
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