Amendment status not verified — confirm the current text below against the official source.
2· The rates of Agricultural Income-tax for the year beginning on the 1st April, 1976 shall, for the 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 individual, Hindu undivided or joint family, firm and other association of persons (other than companies).- Rates. (a) on the first -. · · fotal income. (b) on the next Rs. 1,000 of Nil. Rs. 2,500 of Five paise in the rupee, total income. "'· THE ASSAM GAZETTE, EXTRAORDINARY, MAR• 31, 1976 249 Rates. (c) on the next: Rs. 2,500 of Nine paise in the rupee. total income. (d) on the next Rs. 2,500 of Fourteen paise in the rupee. total income. (e) on the next Rs. 2,500 of Seventeen paise in the rupee. total income. (f) on the next Rs. 2,500 of Twenty-one paise in the rupee. total income. (g) on the next Rs. 5,000 of Twenty-nine paise in the rupee. total income. (h) on the next Rs. 30,000 d Thirty-nine paise in the rupee. total income. (i) on the next Rs. 50,000 of Forty-seven paise in the rupee. total income. (j) on the next Rs. 1,00,000 of Fifty-nine paise in the rupee. total income. (k) on the balance of total in- Sixty-two paise in the rupee. come· B. In the case of every Company, (a) the total income of which Forty-seven paise in the rupee. does not exceed Rs. 1,00,000, on the whole of total in- come. (b) the total incorp.e of which Fifty-nine paise in the rupee. exceeds Rs. 1,00,000 but does not exceed Rs. 2,00,000, on the whole of total in- come. (c) the total income of which Sixty-two paise in the rupee. exceeds Rs. 2,00,000, 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. 5,000; (ii) in reo:pect of paragraph A, the Agri- cultural Income-tax payable shall not exceed half the amount by which the total agricultural income exceeds Rs· 5,000 ; and 2~ TH~ ~SSAM GAZErrE, EXTRAORDINARY, MAR. 31, 1976 Rates of Assam Pur- chase Tax. (iii) in respect of paragraph B, the Agri- cultural Income-tax payable shall not exceed the difference between the total agricultural income and the following limits:- .... (a) rupees fifty-three thousand increased by one percent of the excess of the total agricultural income over Rs· 1,00,000 in the case of every company the total agricultural income of which exceeds Rs· 1,00,000 but does not exceed Rs. 2,00,000 ; (b) rupees eighty-two thousand increased by two and half per cent of the excess of the total agricultural income over Rs. 2,00,000 in the case of every company the total agricultural income of which exceeds Rs. 2,00,000.