§
Resolved,
That Income Tax for the year 1940–41 shall be charged at rates exceeding the standard rate in the case of individuals whose total income exceed two thousand pounds, and those rate shall be rates in the pound, which respectively exceed the standard rate for that year by the amounts specified in the second column of the Table in Sub-section (1) of Section Seven of the Finance (No. 2) Act, 1940.
And it is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.