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    <description>Income-tax slab rates for the assessment year 2015-2016 apply to individuals, HUFs, associations, bodies of individuals and artificial juridical persons with age-based nil and graded rates; a surcharge regime applies above high-income thresholds for individuals, companies, cooperatives, firms and local authorities with marginal relief limiting surcharge impact, while education cess and secondary and higher education cess continue to be levied on tax inclusive of surcharge.</description>
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