The Indian Income Tax Act 1871, 12 of 1871, (Rep., Act 16 of 1874)

Section 15

Repealed or not in force · As amended up to 2026-08

PART IV. DUTIES ON INTEREST ON GOVERNMENT SECURITIES. Duty on interest. 15. A yearly duty of two pies for every rupee shall be levied upon all interest on securities of the Government of India becoming due on or after the first day of April 1871. Deduction of duty.

Source: India Code