Clause 43
Amendment of Second Schedule
of Income Tax (Amendment) Bill
BillNot in forceProvision 43 of 44
Clause 43
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 first$20,000NilFor every dollar of the next$10,0003.5%For every dollar of the next$10,0005.5%For every dollar of the next$40,0008.5%For every dollar of the next$80,00014.0%For every dollar of the next$160,00017.0%For every dollar exceeding$320,00020.0%.”.