Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural Income-tax for the tsricultW'al year beginning on the Ist April, 1964, shall, for the nceme-tax, purposes of sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939, be the rates given below- A. In the case of every Hindu Undivided or Joint family- (a) At the rate applicable, under the list of rates contained in paragraph B below, to a sum equal to the share of a brother if such share exceeds Rs. 6,000 ; (b) At two naye paise in the rupee, if the share of a brother is Rs, 6,000 or less. B. In the case of every individual, Firm and other Association of persons (other than companies)- Rate (a) On the first Rs, 1,500 of total income (b) On the next Rs, 3,500 of total income ~cJ On the next Rs. 2,500 of total ir.come (d) On the next Rs.2,500 of total income [Price '06 Paise. ] Nil. Four Naye Paise in the rupee. Eight Naye Paise in the rupee• . Twelve Naye Paise in the rupee 2 (e) On the next Rs.2,5uO of total income .-.. ~. -.... - - (f). O~ the next Rs.2,500 of total income (g) On the next Rs.5,OOO of total income (h) O n the next Rs.30,OOO of total income (i) On the next Rs.50,OOOof total income (j) On the next R s.l,OO,OOO of total income (k) On the balance of total income C. In the case of every Com pany- . (a) T he total income of which does not exceed Rs.l ,OO,OI)O. O n the whole of total income (b) T he total income of whi h -exceeds Rs. l,OO,aOo but does not exceed R s.2,OO,000. On the whole of total in com e (c) The to tal income of which exceeds R s.2,OO,OOO. On the who le of total income Rate Fifteen N aye Paise in t he rupee. Nine teen Nave , Paise in the rupee. T wentv-seven Nave Paise in the rupee. Thirty-seven Naye Paise in th e rupee. Forty-five Nave Paise in the rupee. Fifty-seven Naye Paise in the rupee . Sixty Naye Paise in the rupee. Fo rty-five Nay e Paise in the rupee ' Fifty seven ' aye Paise in the rupee. Sixty Naye Paise in the rupee. Provid ed always that- (i) no Agricult rral Income-tax 'shall 'be payable on a total Agricultural Income which does n t exceed Rs. 3,OOO ; (ii) in respect to paragraphs A and B, the Agricultural Income-tax pavabl sha .l net exceed half th e a mount by whi ch t he total Agrit:ult u ra l Income exceeds Rs.3,OO!) ; and \iii) in respect to pa rasra ph U, t i. e Azr icultural ' ncoml;-tax payable . hall not e xt t ed -h e »rnou n r by which the resid ual income is .tLQu(e !'j the o rlowing tirnits r-« (a ) R upees fifrv-five thousand increased by one per cent of the excess of the total Agri cultural Income over Rsd ,OO,OOO in the case ...,f every Compa- y the tot al Agricu ltural Income of which exceeds R:.l,nn [1!10 bu- does not exceed Rs.2,OO,OUO ; b) Rupees eif.:h(' -six rhou sand increased by two and half per cent _ (!f the excess f he t otal Agr icultura l Income over .Rs.2,OO,000 in th e case of every Com pany the total Agricultural Income of w hic n exceed'! Rs. ,00,000 ,\ o(e- ' ReSidue>I inrom t m ea n s (he am ount of total Agricultural lncom e as red uced by the a ount of tax which would have been charge.. able. j AGP (Leg)26/64-8S7- 11-8-64. .J