Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural I ncome-tax for the Agricultur - year beginning on the lst April 1968, shall, for the al In come- 0 • d fA ' t rx, purposes of sec tions 3 an 6 0 the Assam gricul- tural Income-tax Act, 1939, be the rates given below- A. In the case of every Hindu undivided or Joint family- (a) At the rate ar plicable, under the list of rates contained in paragraph B below to a sum equal to th e share 01 a brother, if such share exceeds Rs.6,OOO; (b) at two paise in the rupee, if the share of a brother is R s.6, OOO or less. B. In the case of every individual, Firm and other Association of persons (oth er than companies)- Rate (a) On the first Rs.!,fiOO total in- Nil come. (b) O n the next Rs.3,5(}Oof total .. . Four paise in income. . the rupee. (c) On the next Rs.2,500 of total Eight paise in income. the ru pee. (d) On the next Rs.2,500 of total Twelve paise income. in the rupee. (e) On the next Rs. 2,500 of total ... Fifteen paise in income. the rupee. (f ) On the next Rs.2,50n of total Nineteen paise income. in the rupee. (g) O n the next Rs.5,OOO of tot a! Twenty-seven income. paise in the rupee. (h) On the next Rs.'·W,OOOof total .. '(hirty-seven income. paise in the rupee. (i) On the next Rs.50,OOO of total.. . Forty-five paise income. in the rupee. (j) O n the next Rs. I,00,000 of .. . Fifty-seven paise total income. in the rupee. (k) On th e bala nce of total in- ... Sixty paise in come. the rupee. .-...__"-- ~ ...Ir----'_ / -- ' , '- Trti.. ,,~M G..\ZETr~, ~XrK AOKUINARY, JUNE 12, 1968 309 C. In the case of ev~y Company- (a) The total income of which do es no t exceed Rs.l,OO,OOO. On the whole of total income Forty-five paise in the rupee. :b) The total income of which exceeds Rs.l,OO,OOO but does not exceed Rs.2,OO,OOO. On the whole of total Fifty-seven paise income. in the rupee. exceeds R ~.2 ,OO,OOO. Sixty pa ise in the rupee. (c) T he total income of which On the whole of total income. Provided always that,- (i) no Agricultural Income-tax shall be payable on a total Agricultural Income which does not exceed Rs. 3,OOO ; li\) in respect of paragraphs A and B, the Agricul- tural Income-tax payable shall not exceed half the amount by which the total Agricul- tural Income exceeds Rs. 3,000 ; and (iii) in respect of paragraph C, the Agricultural Income-tax payabl e 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 Agricultural Income over Rs .l,OO,OOO in the case of every Company the total Agricultural Income of which exceeds Rs.l,OO,OOO but does not exceed Rs.2,OO,000; (b) Rupees eighty-six thousand increased by two and half per cent of the excess of the total Agricultural Income over Rs.2,OO,OOO in the case of every Company the total Agricultural Income of which exceeds Rs.2,OO,OOO. Rates of