Amendment status not verified — confirm the current text below against the official source.
The rates ofAgricultural Income-tax for the year Agricultural beginning on the -Ist April, 1969, shall, for the purposes Income-tax, 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,OOO; (b) at two paise in the rupee, if the share of a brother is Rs.6,OOO or less. B. In the case of every individual, Firm and other Association of persons (other than companiesj-« Rates (a) On the first Rs.l,500 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 Eight paise in the 'of total .inoome. rupee. (d) On the next Rs.2,500 Twelve paise in of total income. the rupee. (e) au the next Rs.2,500 . Fifteen paise in of total Income, the rupee. (f) On the next Rs.2,SOO Nineteen paise in ot total income. the rupee. (g) On the next Rs.5,OOO T we n t y-seven of total income. . paise in the rupee. .... , ._. , , fHE ASSAM'GAZEtTE. EXTRAORDINARY, MAY 16, 19t9 319 --- \ (j ) On the next Rs.l,OO,OOO oftotal income. Rates (h) Onthe next Rs~30,OOO " Thirty-seven paise of total income. in the rupee. (i) Onthe next' Rs.50,OOOForty-five paise in of total income. the .rupee. Fifty-seven paise in the rupee. \. ' r (k) On the balance of total Sixty paise in the income. rupee. C. In the case of every Company- (a) The total income of which does not exceed Rs.l,OO,OOO- On the whole of total Forty-five paise in income. the rupee. Fifty-seven paise in the rupee. (b) The total income Rs.l,OO,OOO but Rs.2,OO.000- On the whole of total income. of which does not exceeds exceed , (c) The total income 01 which exceeds Rs.2.00,000- On the whole of total Sixty paise in the income. rupee. Provided always that,- (i) no Agricultural Tncome-tax shall be payable on a total ' Agricultural Income which does not exceed Rs.3,OOO ; (ii) in respect of paragraphs A and B, the Agri- cultural Income-tax payable shall not exceed half the amount by which the total Agricuhural Income exceeds Rs.3,OOO ; and (iii) in respect of.paragraph C. the Agricultural Income-tax payable shall not exceed the difference between the total Agricultur al income and the foIlowing Iimits-c- . (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 ofevery Company the total Agricultu- ral Income of which exceeds Rs.I,OO,OOO but does not exceed Rs.2,OO,OOO ; _------- ~ .1 320 ,THE ASSAM GAZETTEt EXTRAORDINARY, ~AY ~16. 1969 (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 th e case of every Company the total Agricultural Income of which exeeeds R s.2,00,000. '. Rates of