TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act Amendment Alters Annuity Deposit Rates for 1967-68; New Schedule Details Income-Based Percentages</h1> The amendment to the Finance (No. 2) Act, 1967, revises the requirements for annuity deposits under the Income-tax Act. It specifies that individuals subject to Chapter XXIIA must make annuity deposits at rates outlined in a newly substituted Second Schedule. For the assessment year starting April 1, 1967, rates range from 0% for incomes up to Rs. 15,000 to 12.5% for incomes above Rs. 70,000. During the financial year 1967-68, rates range from 0% to 15% based on income levels. The schedule defines 'total income' as calculated under the Income-tax Act without certain allowances.
TaxTMI 
