India - Income Tax Act 2010 - Saarc

Sch. I FINANCE ACT, 2010 2.28CHAPTER VIIIMISCELLANEOUSAmendment of section 3 of Act 16 of 1955.85. In the Medicinal and Toilet Preparations (Excise Duties) Act, 1955, in section3, in sub-section (1), after the words “dutiable goods”, the brackets and words“(excluding goods produced or manufactured in a Special Economic Zone)” shallbe inserted.Amendment of Act 14 of 2001.86. The Seventh Schedule to the Finance Act, 2001 shall be amended in themanner specified in the Eleventh Schedule.Amendment of Act 18 of 2005.87. The Seventh Schedule to the Finance Act, 2005 shall be amended in themanner specified in the Twelfth Schedule.** ** **THE FIRST SCHEDULE(See section 2)PART IINCOME-TAXParagraph A(I) In the case of every individual other than the individual referred to in items(II) and (III) of this Paragraph or Hindu undivided family or association ofpersons or body of individuals, whether incorporated or not, or every artificialjuridical person referred to in sub-clause (vii) of clause (31) of section 2 of theIncome-tax Act, not being a case to which any other Paragraph of this Partapplies,—Rates of income-tax(1) where the total income does not Nil;exceed Rs. 1,60,000(2) where the total income exceeds 10 per cent of the amount by whichRs. 1,60,000 but does not exceed the total income exceeds Rs. 1,60,000;Rs. 3,00,000(3) where the total income exceeds Rs. 14,000 plus 20 per cent of theRs. 3,00,000 but does not exceed amount by which the total incomeRs. 5,00,000 exceeds Rs. 3,00,000;(4) where the total income exceeds Rs. 54,000 plus 30 per cent of theRs. 5,00,000amount by which the total income exceedsRs. 5,00,000