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    <title>First Schedule</title>
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    <description>The Schedule prescribes differentiated income tax rates and surcharge rules by assessee class (individuals, HUFs, firms, cooperatives, local authorities, the Life Insurance Corporation, domestic and foreign companies), sets rates for tax deduction at source for specified payments and payees, provides rates for calculating tax on salaries and advance tax, and establishes rules for computing net agricultural income including classification, application of specified Income tax Act provisions, special tea income treatment, allocation among partners and members, loss treatment, deduction of state agricultural taxes, and assessment powers for the Income tax Officer.</description>
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    <pubDate>Thu, 19 Dec 2024 11:54:13 +0530</pubDate>
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      <description>The Schedule prescribes differentiated income tax rates and surcharge rules by assessee class (individuals, HUFs, firms, cooperatives, local authorities, the Life Insurance Corporation, domestic and foreign companies), sets rates for tax deduction at source for specified payments and payees, provides rates for calculating tax on salaries and advance tax, and establishes rules for computing net agricultural income including classification, application of specified Income tax Act provisions, special tea income treatment, allocation among partners and members, loss treatment, deduction of state agricultural taxes, and assessment powers for the Income tax Officer.</description>
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