Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural Income gncultural T f th b . . h Income Tax. ax Or e year egmmng On t _e 1st day of April, 1979 shall, for the purposes of Sections 3 and 6 of the Assam Agricul- tural 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)- / THE ASSAM GEZETTE, EXTRAORDINARY, APRIL 3, 1979 691 Rates (a) Op the first Rs. I ,000 of the total income. Nil (b) On the next Rs.5,000 Ten paise m of the total income. the rupee. ( c) On the next Rs.5,000 of the total income. Fifteen paise in the rupee· (d) On the next Rs·I0,000 Thirty paise in of the total income. the rupee· (e) On the next Rs.25,000 Forty-five pai- of the total income. se in the ru- pee. (f) On the next Rs.50,000 of the total income. Sixty paise m the rupee. (g) On the next Rs.1,00,000 Seventy paise of the total mcome. in the rupee· (h) On the balance of the total mcome. Seventy-five paise in the rupee· B· In the case of every company- (a) The total income of which does not exceed Rs.1,00,000 on tne whole of total income· (b) The total rncome of which exceeds Rs.I,0!!,000 but does not exceed Rs.2,00,000 on the whole of total rncome· Sixty paise in thf" nipee. Seventy paise in the rupee· / 692 THE ASSAM GAZETTE. EXTRAORDINARY, APRIL ? , 1979 - ··--.. ~ M•~~-- · - - - - ----- ( c) The total income of which exceeds Rs.2,00,000, on the whole of total mcome. Seventymfive paise in the rupee. Provided that for the purposes of this section- (i) no Agricultural Income-Tax shall be payable on a total Agricultural Income which does not exceed Rs. 10,000; (ii) in respect of paragraph A, the Agricultural Income Tax payable shall not exceed half the amount by which the total Agricultural Income exceeds Rs. 10,000 in cases where the total agricultural income does not exceed Rs. 12,000; and (iii) in respect of paragraph B, the Agricultural Income Tax payable shall not exceed the difference between the total Agricultural Income and the following limits:- · (a) rupees forty thousand increased bv one per cent of the excess of the total agricultural income over Rs. 1,00,000 in the case of every company the total agricul- tural income of which exceeds Rs. 1,00,000 but does not exceed Rs. 2,00,000; (b) rupees sixty 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 agricultural income of which exceeds Rs. 2,00,000. . _; THE ASSAM GAZETTE, F..XTRAORDINARY, APRIL S, 1979 693 Rates of Assam Purc:hase Tu. ·------· --------·