The Indian Finance Act 1928, 5 of 1928, (Rep., Act 8 of 1930) section 3: With ef…

Repealed or not in force · As amended up to 2026-08

3. With effect from the 1st day of April, schedule contained in the First Schedule to t h i ~ I be inserted in the Indian Post Office Act, 1898, as the Pirst VI on ieos. Schedule to that Act. Amendment of 4. In sub-section (7) of section 19 of the Indian Paper `ACC` X ol 1928. Currency Act, 1923, for the figures " 1928 " the figures x of 1023. " 1929 " shall be substituted. I I Income-tax and 5. (1) Income-tax for. the year beginning on the 1st day 811per-tax. - of April, 1928, shall be charged at the rates specified in Part I of the Second Schedule. (2) The rates of super-tax for the year beginning on the 1st day of April, 1928, shall, for the purposes of section 55 of the Indian Income-tax Act, 1922, be those specified in `xt` of 1922. Part 11 of the Second Schedule. (3) Por the purpose8 of the Second Schedule, " total income " means total income as determined, for the purposes of income-tax or super-tax, as the case may be, in accordance with the provisions of the Indian -Jncome-tax Act, 1922. `XI` ot iezz., + I i 1 t ==> picture [95 x 20] intentionally omitted <== b I `p-` - ==> picture [84 x 13] intentionally omitted <== R,qistered Newspapers. For a weight not exceeding eight tolas . . . . Quarter of-an anna. For a weight exceeding eight tolas and not exceeding twenty tolss . . . , , . . . . Half an anna. For every twenty tolas, or fraction thereof exceeding twenty tolas . , , . . . . . . Half an anna. - , . . . . . . Half an anna. Parcels. - For a weight not exceeding twenty tolas . . . . Two annas. - For a weight exceeding twenty tolas and not exceeding forty tolas . . . . . : . . - For every forty tolas, or fraction thereof, exoeeding forty tolas . . , . , , . . . - : . . Your annas. - , . . . Four annae." [See section 5.1 * Rates of In,come-taa. - A. In the case of every individual, Hindu undivided family, unregistered firm and other association of individnals not being a registered firm or a company- - (1) When the total income is less than Ra. 2,000 . Xil. - 2,000 or upwads, . . . . Eve pies - (2) When the total income is Rs. 2,000 or upwads, but is less than Rs. 5,000 . . . - (3) When the total income is Rs. 5,000 or upwards, but. is less than Rs. 10,000 . . . . Eve pies in the rupee. . Six pies in tile rnpee. Nine pies in the rupee. - 10,000 or upwards, . . . . Nine pies in the - (4) When the total income is k s . 10,000 or upwards, but is less than Rs. 20,000 . . . . - When the total income is Rs. is Rs. Rs. 20,000 or upwards, but i~ less than Rs. 30,000 . . . . One anna in the - (5) When the total income is Rs. is Rs. Rs. 20,000 or upwards, but i~ less than Rs. 30,000 . . . . - (6) When the totnl income is Rs. 30,000 or upwards, but is less than Rs. 40,000 . . . - rupee. - . One anna and three pies in the rupee. - One anna and six - (6) When the totnl income is Rs. 30,000 or upwards, but is less than Rs. 40,000 . . . - (7) When the total income is Rs. 40,000 or upwards - pies in the rupee. - B. In the case of every company and registered firin, whatever its totnl incoi~le , , . . . - . One afina and six pies in the rupee. PART 11. ' 3 - - . - * I * ||RatesofSuper-tax.|RatesofSuper-tax.||||||| |---|---|---|---|---|---|---|---|---| ||||||..||.|| |Irr,rcspcc~L of Lhe excess o v e ~ fifty thousand rupcos||fifty thousand rupcosoft80tnd|Rate,||Rate,|||| |Income-||||||||| |(1)inthecase of every company .||. . .|One anna in the|One anna in the|One anna in the|One anna in the||| |(2)(a)in tlie case of every Hindu undivided family-||||||||| |(i)|in respeot of the first twenty-five thousand rupees of the excess .... .||Nil.|||||| |(ii)|;6, for every rupee of the next. twenty-five||;6,|||||| ||thousand rupees of such excess . .||One anna in the|One anna in the|One anna in the|One anna in the||| |(6)in the case of every individual, unregistered firm||||||||| |and other association of individuals not being a|and other association of individuals not being a|||||||| |registered firm or a ccnlpany, for every rupee of||registered firm or a ccnlpany, for every rupee of||||||| |the first fifty thousand rupees of such excess .|||One anne in the|One anne in the|One anne in the|One anne in the||| |(c)in the case of every individual, Hindu undivided||||||||| |family, unregistered firm and other association of||||||||| |individuals not being a registered firm oracorn-||||||||| |Pan9-||||||||| |(i)|for every rupee of the tfecond fifty thousand rupees of such excess.. . .||Oneanda lialf annaa|||||| ||||in the rupee.|||||| |(ii)|for every rupee of tlie nexb fifty thousand rupees of such excess.|for every rupee of tlie nexb fifty thousand .. .|Two annas in the||Two annas in the|Two annas in the||| |(iii)|(iii)for every rupee of the 11ext fifty thousand rupees of suoh excess.|for every rupee of the 11ext fifty thousand . . ,|Two and annas|a in||half the||-,| |(iC)|for every rupee of the next fifty thousand rupees of suoh excess.|for every rupee of the next fifty thousand . . .|Three annas in the||Three annas in the|||| |(8)|for every rupee of the next fifty thousand rupees of such excess.|for every rupee of the next fifty thousand . , .|Three and a half||Three and a half|Three and a half||| ||||annas|in||the||| |(vi)|for every rupee of the next fifty thousand rupees of such excess. . . .|for every rupee of the next fifty thousand . . . .|Pour annas in the||Pour annas in the|Pour annas in the||| |(vii) .|(vii)for every rupee of the next fifty thousand rupees of such excess. . -|for every rupee of the next fifty thousand . .. . ,|Four and annas, in|Four anda annas, in||half the||:I| |(viii)for every rupee of the next fifty thousand||for every rupee of the next fifty thousand||||||| ||rupees of such exoess. .|. . . .|Five annas in the||Five annas in the||Five annas in the|| |(ia)for every rupee of the next fifty thousand||for every rupee of the next fifty thousand||||||| ||rupees of such exoess. .|. . ..|. Pive and|Pive and|a lialf|a lialf||| ||||annas|i11|||the|| ||||rupee.|:||||| |(xj ,for every rupee of the remainder of the|||||||||

Source: India Code