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    <title>THE FIRST SCHEDULE</title>
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    <description>Prescribes the income tax framework by taxpayer category with age based slabs for individuals and specified base rates for co operative societies, firms, local authorities and companies, alongside differentiated rates for certain receipts. Imposes surcharges where income or aggregate payments exceed specified thresholds with caps limiting surcharge impact. Lists withholding rates for various income types and recipient classes and reiterates charging and advance tax computation rates in defined contexts. Establishes rules to compute net agricultural income, including categorisation by statutory sub clauses, special product apportionments, loss set off and Assessing Officer powers.</description>
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    <pubDate>Mon, 11 Aug 2014 18:57:06 +0530</pubDate>
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