The Assam Finance Act, 1966
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The 5th April 1966

No.LJL.8/66/4.- The following Act of the Assam Legislative Assembly

which received the assent of the Governor is hereby published for general

information.

ASSAM ACT XI OF 1966

(Received the as sent of the Governor on the 4th April, 1966)

###### THE ASSAM FINANCE ACT, 1966

Published in the Assam Gazette, Extraordinary, dated the 5th, April, 19€6

###### An

Act

###### to fis: the rates at which Agricultllral Income shall be t axed under
 the Assam Agricultural Income-tax Act, 1939

Preamble. Whereas it is expedient to fix the rates at which Assam Act

Agricultural Income shall be taxed under the Assam IX of 19311

Agricultural Income-tax Act, 1939 ;


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###### 2
##### ..

###### It is hereby enacted in the Seventeenth Year of the

Republic of Indi a as follows:-

Short title, 1. (1) T his Act may be called the Assam
extent and Finance Act, 1966.
commence-
ment.

(2) It extends to the whole of the State of

Assam•

. (3) It shall come into force at once.

R a.tcs . of 2. T he rates of Agricultural Income-tax for the year

A l1;rIcultural beginning on the 1st April, 1966, shall, for the purpo-

~c om e       - t a x. ses of Sections 3 and 6 of the Assam Agricult ural

Income-tax Act, 1939, be the rates given below-

A. In the cas(of every Hindu undivided or Joint

family-

(a) At the rate applicable, under the list of

rates contained in paragraph B below
to a sum equal to the share of a brother
###### if such share exceeds Rs.6,OOO ;

(b) At two paise in the rupee, if the share of a

brother is Rs.6,OOO or less.

P. In the case of every individual, Firm and other Association of persons

(other than companiesj-e-

Rate

(a) On the first Rs.l,500 of total income Nil

#### tb) On the next Rs.3,500 of total inc ome Four paise in the

rupee.

(c) On the next Rs.2,S OO of total income           - • Eight paise in the

rupee.

(d) On the next Rs.2,SOOof total income Twelve paise in

the rupee.

(e) On the next Rs.2,500 of total income Fifteen paise in

the rupee.

###### (f) On the next Rs.2,500 of total income Nineteen paise in

the rupee.

(g) On the next Rs.5,OOO of total income Twenty-seven pai-

se in the rupee.

(h) On the next Rs.30,OOOof total income Thirty-seven pai-

se in the rupee,

(i) On the next Rs.50,OOO of total income Forty-five paise

in the rupee.

(j) On the next Rs.l,OO,OOO of total income Fifty-seven paise

in tho rupee.

(k) On the balance of total income Sixty paise in the

rupee.

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C. In ~the cas of every Company-

(a) The total income of which does not exceed
Rs.l,OO,OOO.
On the whole of total income Forty-five paise

in the rupee.

(b) The total income of which exceeds
Rs.I,OO,OOO but does not exceed Rs.2,OO,OOO.

On the whole of total income           - • Fifty-seven paise
in the rupee.
(c) The total income of which exceeds R s.2,OO,OOO.

On the whole of total income Sixty 'paise in the
rupee.
Provided always that,-

(i) no Agricultural Income-tax shall be payable on a total Agricultu-
ral Income which does not exceed Rs.3,OOO ;
(ii) in respect of paragraphs A and B, the Agricultural Income-tax
payable shall not exceed half the amount by which the total
Agricultural Income exceeds Rs.3,OOO; and
(iii) in respect of paragraph C, the Agricultural Income-tax payable
shall not exceed the difference between the total Agricultural
Income and the following limit'!:-
(a) Rupees fifty-five thousand increased by one per cent of the excess

of the total Agricultural Income over Rs.I,OO,OOO in the case
of every Company the total Agricultural Income of which
exceeds Rs.I,OO,OOO but does not exceed Rs .2,OO,OOO;

(b) Rupees eighty-six thousand increased by two and half per cent
of the excess of the total Agricultural Income over Rs.~ .OO,OOO

in the case of every Company the total Agricultural Income
of which exceeds Rs.2,OO,OOO.

U. TAHBILDAR,
Deputy Secy, to the Govt. of As sam"

Law Department.


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