Singapore legislation
Clause 68
Clause 68
Amendment of Second Schedule
The Second Schedule to the principal Act is amended —
by deleting the words “and (4)” in the Schedule reference;
by inserting, immediately after the words “A HINDU JOINT FAMILY” in the heading of Part A, the words “FOR YEARS OF ASSESSMENT 2007, 2008, 2009, 2010 and 2011”; and
by inserting, immediately after the Table in Part A, the following Table:“RATES OF TAX ON CHARGEABLE INCOME OF AN INDIVIDUAL OR A HINDU JOINT FAMILY FOR YEAR OF ASSESSMENT 2012 AND SUBSEQUENT YEARS OF ASSESSMENTChargeable IncomeRate of TaxFor every dollar of the first$ 20,000NilFor every dollar of the next$ 10,0002%For every dollar of the next$ 10,0003.5%For every dollar of the next$ 40,0007%For every dollar of the next$ 40,00011.5%For every dollar of the next$ 40,00015%For every dollar of the next$ 40,00017%For every dollar of the next$120,00018%For every dollar exceeding$320,00020%.”