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    <title>THE FIRST SCHEDULE (See section 2)</title>
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    <description>The Schedule prescribes slab-based income-tax rates for individuals (including senior and super senior citizens), and distinct rate tables for co operatives, firms, local authorities and companies, together with surcharge rules that increase computed tax where income or aggregate payments exceed specified thresholds but cap the combined tax and surcharge increase to the excess over those thresholds. It also sets TDS rates across payment categories for residents and non-residents and establishes detailed rules for computation, set-off and carry forward of agricultural income and losses, including specified percentage treatments for tea, rubber and coffee receipts.</description>
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