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    <description>Individuals and HUF are taxed under graduated slabs with a nil threshold and increasing marginal rates; resident women and resident senior citizens have higher nil-income thresholds and adjusted marginal computations. Firms face a flat tax rate and domestic companies are taxed at the stated company rate while foreign company treatment is not provided. Specified royalty and technical-service receipts under historical agreements attract a distinct higher rate; other income is subject to a separate rate.</description>
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