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    <title>THE FIRST SCHEDULE (See section 2)</title>
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    <description>The schedule prescribes graded income tax rates and matching surcharge rules for individuals, senior citizens, co operative societies, firms, local authorities and companies; sets specific tax deduction at source rates for varied income types by resident status and payee category with an associated surcharge regime for large aggregate payments; restates applicable rates for charging tax, salary withholding and advance tax computation while excluding incomes taxed under specialised provisions; and establishes detailed rules for computing net agricultural income, including treatment of specific crops, loss set off, deductibility of state agricultural tax and Assessing Officer powers.</description>
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    <pubDate>Fri, 05 Jul 2019 19:01:17 +0530</pubDate>
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