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of <h1>Individuals Must Make Annuity Deposits for 1964 Under Chapter XXIIA of Income-tax Act, Section 280B Definitions Apply.</h1> Annuity deposits for the assessment year starting April 1, 1964, are required from individuals subject to Chapter XXIIA of the Income-tax Act, as per the rates in the Second Schedule. The terms 'adjusted total income,' 'annuity deposit,' and 'depositor' are defined according to clauses (1), (5), and (6) of section 280B of the Income-tax Act. These provisions are part of the Finance Act, 1964, which governs the application and calculation of annuity deposits within the specified legal framework.
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