Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural Income Tax for tgricult¥-ra1 the year beginning on the 1st day of April, 1977 ncom~ ax. 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 sf every individual, Hindu undivided or joint family, firm and other associa- tion of persons (other than companies)- (a) on the first Rs. 1,000 of total income. Rates; Nil. (b) on the next Rs. 2,500 of total . Five paise in the . rupee: income. (c) on the next Rs. 2,500 of total income. ' (d) on the next Rs. 2,500 of total income. Nine pa1se m the rupee. Fourteen paise in the rupee. • • "" THE ASSAM GAZETTE~ EXTRAORDINARY, MARCH 31, 1977 25J Rates. (e) on the next Rs. 2,500 of total income. Seventeen paise in the rupee. (f) on the next Rs. 2,500 of total income. Twenty-one paisein the rupee. (g) on the next Rs. 5,000 of total income. (h) on the next Rs. 30,000 of total income. Twenty-nine rupee. Thirty-nine rupee. paise in the paise IU the ,. ' on the next Rs 50,000 of total I 11 income. Fifty-two paise in .the rupee. (j) on the next RCJ. 1,00,0.00 of total . Sixty-five paisc in the rupee. income. (k) on the balance of total income. Seventy paise in the- rupee. B. In the case of every company- (a) The total income of which does Fifty-two paise in the rupee. not exceed Rs. 1,00,000, on the whole of total income, (b) The total income of which exceeds Rs. 1,00,000 but does not exceed Rs: 2,00,000, on the whole of total income. (c) The total income of which exceeds Rs. 2,00,000, on the whole of total income. Provided always that :- Sixty-five paise in the rupee. Seventy paise in the rupee. (i) no Agricultural Income-Tax shall be payable on a total Agricultural Income which does not exceed Rs. 8,000; (\i) in respect of paragraph A, the Agricultu- . ral Income Tax payable · shall not exceed half the amount by which the total Agricultural Income exceeds Rs.8000; and (iii) in respect of paragraph B, the Agricultu- ral Income Tax payable shall not exceed the difference between the total Agricul- tural Income and the following limits :- ---- ·' 252 I.HE A5-SAM GAZETTE, EXTRAORO'INARY', MARC'H 3'(, 1'971 (a) rupees forty-eight thousand increased by one percent of the excess of the total agricul- tural income rover Rs. 1,00,000 in the case of every company I the total agricultural income of which exceeds Rs. 1,00,000 but does not ·exce~d Rs.,2,00,QOO; (b) rupees seventy thousand increased by two and half percent of the excess of the total agricultural income over Rs. 2,00,000 in the case of every company the total agricul- tural income of which exceeds Rs.2,00,000, Rates of