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    <title>THE FIRST SCHEDULE (See section 2)</title>
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    <description>Prescribes income-tax charging rules by taxpayer class-progressive slabs for individuals (including senior citizen categories), fixed rates for firms, local authorities and co operative societies, and differentiated domestic and non domestic company rates-together with surcharge regimes that increase tax at higher income bands while capping surcharge impact. Sets TDS rates for specified income types for residents and non-residents with layered surcharge on TDS. Establishes computation rules for net agricultural income, special percentages for certain crops, loss set off and carry forward mechanics, and assessment powers for officers.</description>
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