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    <title>First Schedule</title>
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    <description>The schedule prescribes graduated income-tax slabs and surcharge regimes by taxpayer category-individuals (with family and marital distinctions), firms, companies and local authorities-together with caps that limit tax or surcharge relative to specified exemption thresholds. A parallel super-tax framework applies progressive rates and analogous surcharges, with company-specific rebate formulas for dividends and approved royalties and limits on super-tax exposure. Part III sets prescribed withholding rates for payments to resident and non-resident payees, and explanatory provisos address family coparcenary entitlement and aggregate surcharge caps.</description>
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    <pubDate>Thu, 28 Nov 2024 16:13:31 +0530</pubDate>
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      <description>The schedule prescribes graduated income-tax slabs and surcharge regimes by taxpayer category-individuals (with family and marital distinctions), firms, companies and local authorities-together with caps that limit tax or surcharge relative to specified exemption thresholds. A parallel super-tax framework applies progressive rates and analogous surcharges, with company-specific rebate formulas for dividends and approved royalties and limits on super-tax exposure. Part III sets prescribed withholding rates for payments to resident and non-resident payees, and explanatory provisos address family coparcenary entitlement and aggregate surcharge caps.</description>
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      <pubDate>Thu, 28 Nov 2024 16:13:31 +0530</pubDate>
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