§ MR. EMMOTT (Oldham)
I beg to ask the Secretary of State for India whether he can state approximately the amount of income tax collected in India from incomes between Rs. 500 and Rs. 1,000; and whether he has considered the advisability of raising the limit of income liable to income tax to Rs. 1,000 as soon as the finances of India permit.
§ *LORD G. HAMILTON
The amount of income tax collected in India from incomes between Rs. 500 and Rs. 1,000 is approximately 36 lacs out of a total of 193 lacs. As at present advised I am not disposed to raise the existing exemptions. Any changes in this or any other form of taxation must be governed by the future condition of Indian finance.