INCOME TAX AND SUPER-TAX.

HC Deb 06 June 1921 vol 142 cc1527-8W

Sir G. COLLINS

asked the Secretary of State for India the present rates of Income Tax and Super-income Tax levied in India?

Mr. MONTAGU

The information asked for is as follows:

Rates of Indian Income Tax.

1. (I) When the taxable income is less than Rs.2,000—Nil.
2. (II) When the taxable income is Rs.2,000 or upwards, and
1. (i) the total income is less than Rs.5,000—Five pies in the rupee;
2. (ii) the total income is Rs.5,000 or upwards, but is less than Rs.10,000—Six pies in the rupee;
3. (iii) the total income is Rs.10,000 or upwards, but is less than Rs.20,000—Nine pies in the rupee;
4. (iv) the total income is Rs.20,000 or upwards, but is less than Rs.30,000—One anna in the rupee;
5. (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;
6. (vi) the total income is Rs.40,000 or upwards—One anna and four pies in the rupee.

Rates of Indian Super-tax.

1. (1) In respect of the first lakh of rupees of taxable income—
1. (a) in the case of a Hindu undivided family—
1. (i) in respect of the first seventy-five thousand rupees of taxable income—Nil.
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2. (ii) in respect of the next twenty-five thousand rupees of taxable income—One anna in the rupee.
2. (b) In all other cases—
1. (i) in respect of the first fifty thousand rupees of taxable income—Nil.
2. (ii) in respect of the next fifty thousand rupees of taxable income—One anna in the rupee.
2. (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. (3) In respect of the next fifty thousand rupees of taxable income—Two annas in the rupee.
4. (4) In respect of the next fifty thousand rupees of taxable income—Two-and-a-half annas in the rupee.
5. (5) In respect of the next fifty thousand rupees of taxable income—Three annas in the rupee.
6. (6) In respect of the next fifty thousand rupees of taxable income—Three-and-a-half annas in the rupee.
7. (7) In respect of all taxable income over three-and-a-half lakhs of rupees—Four annas in the rupee.