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    <description>Income-tax rates and surcharge structures are set for individuals (with age-based slabs), co-operative societies, firms, local authorities and companies (domestic and non-domestic), with special rates for royalties and technical fees; corresponding surcharge rules apply where incomes exceed high thresholds. TDS rates and surcharge rates are prescribed for residents and non-residents across categories of income. PART III prescribes rates for charging tax, salary deductions and advance tax. PART IV sets rules for computing net agricultural income, special treatment for specified crops, loss set-off, and assessment procedure alignment with the Income-tax Act.</description>
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