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TMI BlogRATES OF INCOME-TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... ates of income-tax (1) where the total income does not exceed Rs. 2,00,000 Nil; (2) where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000 10 per cent. of the amount by which the total income exceeds Rs. 2,00,000; (3) where the total income exceeds Rs. 5,00,000 but does not exceed Rs.10,00,000 Rs. 30,000 plus 20 per cent. of the amount by which the total income exceeds Rs. 5,00,000; (4) where the total income exceeds Rs. 10,00,000 Rs.1,30,000 plus 30 per cent. of the amount by which the total income exceeds Rs. 10,00,000; (II) In the case of every individual, being a resident in India, who is of the age of sixty-five years or more at any time during the financial year— Rates of income-tax (1) where the total income doe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome-tax On the whole of the total income 30 per cent. PART II In the cases to which Paragraph A of Part 1 applies, where the person has, in the financial year, any net agricultural income exceeding five thousand rupees, in addition to total income from ordinary sources and the total income exceeds the threshold limit, then,— (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the total income after the threshold limit but without being liable to tax], only for the purpose of charging income-tax in respect of the total income; and (b) the income-tax chargeable shall be calculated as follows: (i) the total income and the net agri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. Non-resident (a) On investment income by way of- (i) interest (ii) dividends on which distribution tax has not been paid under section 109. (iii) Profit distributed by a fund on which tax on distributed income has not been paid under section 110 (b) On income by way of royalty or fees for technical services (c) On income by way of insurance including reinsurance. 20 per cent. 20 per cent. 20 per cent. 20 per cent. 2. Non-resident sportsperson, who is not a citizen of India On income by way of— (i) participation in India in any game [other than a game the winnings wherefrom are taxable under item (ii) or item (iii) of serial number 4] or sport; (ii) advertisement; or (iii) contribution of articles relating to any game or sport in newspap ..... X X X X Extracts X X X X X X X X Extracts X X X X
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