Clause 63
Amendment of Second Schedule
of Income Tax (Amendment) Bill
BillNot in forceProvision 63 of 65
Clause 63
The Second Schedule to the principal Act is amended by deleting Part A and substituting the following Part:“Part ARates of Tax on Chargeable Income of An Individual or A Hindu Joint FamilyChargeable Income$Rate of TaxFor every dollar of the first20,000NilFor every dollar of the next10,0004.0%For every dollar of the next10,0006.0%For every dollar of the next40,0009.0%For every dollar of the next80,00015.0%For every dollar of the next160,00019.0%For every dollar exceeding320,00022.0%”.