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    <title>THE FIRST SCHEDULE (See section 2)</title>
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    <description>Sets progressive income-tax slabs and surcharge mechanisms for individuals, seniors, co-operative societies, firms, local authorities and companies; prescribes specified withholding tax rates for residents, non-residents and companies across categories (interest, royalties, technical fees, winnings, capital gains) with surcharge additions where aggregate payments exceed thresholds; provides rates for charging tax, salary deductions and advance tax computation; and establishes rules for computing net agricultural income including special valuation rules for tea, rubber and coffee, loss set-off across specified prior years, deduction of state agricultural taxes, and administrative assessment powers.</description>
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    <pubDate>Thu, 23 Mar 2017 14:49:15 +0530</pubDate>
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