Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural Income-tax for the tgricultural year beginning on the Ist April, J965, shall, for the ncome-tax- purposes of Sections 3 and 6 of thc Assam Agricul- tural Income-tax Act, 1 93 ~, be the rates given below- A. In the case of every,Hindu undivided or J oint 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 shale exceeds Rs.6,OOO ; (b ) At two paise in the rupee, if the share of a brother is Rs, 6,000 or less. Rate 2 B. In the case of every individual, Firm ann other Association of persons (other than cornpanies)- (a) On the first Rs. 1,500 of total income (b) On the next Rs.3,500 of total income Nil Four paise in the rupee. (c) On the next Rs, 2,500 of total incom e Eight paise 10 the rupee. ::0) On the next Rfl . ~ . 5 '-0 of total income Twelve paise in the rupee. (e) On the next R ~ . 2,500 of total income ... Fifteen paise in the rupee. (f) On the next Rs, 2,500 of total incorne v. . Nineteen paise in the rupee. (g) On the next Rs. 5,000 of total incorne v.. Twenty-seven paise in the rupee. (h) On th e next Rs , 30,000 of to tal income T hirty-seven paise in the rupee. (i) On the next R s, 50,000 of total income ... Forty-five paise in the rupee. (j) O n the nex t Rs. 1,00,000 of total income Fifty-seven paise in the rupee. (k) O n the balance of total in come Sixty paise in the rupee. C. In the case of every Company- (a) The total incom e of which docs not exceed Rs. 1,00,000. O n the whole of total income (b) The total income or which exceeds Rs , I ,OO,OOn but do es not exceed Rs. 2,00,000. . On Ihe Yvhole of total income Cc) Th e total income of which exceeds Rs. 2,00,000. On the whole of total income Forty-five paise m the rupee. Fifty-seven paise in th e rupee. Sixty;paise in the rupee. / l'-...- ~ -- 3 Provided always that,- (i) no Agricultural Income-tax shall be payable on a total Agricultural Income which does not exceed Rs.3,OUO ; (ii) in respect of paragraphs A and B, the Agri- cultural Income-tax payable shall not exceed half the amount by which the total Agri- cultural Income exceeds Rs.3,OOO; and in respect of paragraph C, the Agricul- tural Income-tax payable shall not exceed the difference between the total Agricultural Income and the following limits:- (a) Rupees fifty-five thousand increased by one per cent of the excess of the total Agri- cultural Income over Rs.I,OO,OOO in the case of every Company the total Agri- cultural Income of which exceeds Rs,I,OO,OOO but does not exceed Rs.2,OO,OOO; (b) Rupees eighty-six thousand increased by two and half per cent of the excess of the total Agricultural Income over Rs.2,OO,GOO in the case of every Company the total Agricultural Jncome of which exceeds Rs.2,OO,GOO. .. Amendment