Clause 10
Amendment of section 42
of Income Tax (Amendment) Bill
BillNot in forceProvision 10 of 14
Clause 10
Section 42 of the principal Act is amended by inserting, immediately after subsection (2), the following subsection:“(3) The tax payable by any individual or Hindu joint family resident in Singapore for any year of assessment on the first $10,000 of chargeable income shall be reduced by 10%.”.