§ Sir G. COLLINSasked the Secretary of State for India the present rates of Income Tax and Super-income Tax levied in India?
§ Mr. MONTAGUThe information asked for is as follows:
Rates of Indian Income Tax.
- (I) When the taxable income is less than Rs.2,000—Nil.
- (II) When the taxable income is Rs.2,000 or upwards, and
- (i) the total income is less than Rs.5,000—Five pies in the rupee;
- (ii) the total income is Rs.5,000 or upwards, but is less than Rs.10,000—Six pies in the rupee;
- (iii) the total income is Rs.10,000 or upwards, but is less than Rs.20,000—Nine pies in the rupee;
- (iv) the total income is Rs.20,000 or upwards, but is less than Rs.30,000—One anna in the rupee;
- (v) the total income is Rs.30,000 or upwards, but is less than Rs.40,000—One anna and two pies in the rupee;
- (vi) the total income is Rs.40,000 or upwards—One anna and four pies in the rupee.
Rates of Indian Super-tax.
- (1) In respect of the first lakh of rupees of taxable income—
- (a) in the case of a Hindu undivided family—
- (i) in respect of the first seventy-five thousand rupees of taxable income—Nil.
1528 - (ii) in respect of the next twenty-five thousand rupees of taxable income—One anna in the rupee.
- (b) In all other cases—
- (i) in respect of the first fifty thousand rupees of taxable income—Nil.
- (ii) in respect of the next fifty thousand rupees of taxable income—One anna in the rupee.
- (2) In respect of the first fifty thousand rupees of taxable income over one lakh of rupees—One-and-a-half annas in the rupee.
- (3) In respect of the next fifty thousand rupees of taxable income—Two annas in the rupee.
- (4) In respect of the next fifty thousand rupees of taxable income—Two-and-a-half annas in the rupee.
- (5) In respect of the next fifty thousand rupees of taxable income—Three annas in the rupee.
- (6) In respect of the next fifty thousand rupees of taxable income—Three-and-a-half annas in the rupee.
- (7) In respect of all taxable income over three-and-a-half lakhs of rupees—Four annas in the rupee.