Amendment of the schedule

In the Schedule appended to the principal Act, under the heading "Rates of Agricultural Income-Tax",— (a) for sub-entry (1) and (2) of entry A, the following shall be substituted, namely:— "A. IN THE CASE OF EVERY INDIVIDUAL AND HINDU UNDIVIDED FAMILY RATE (i) on the first one thousand five hundred rupees of the total agricultural income. NIL (ii) on the next three thousand five hundred rupees of the total agricultural income. Five paise in the rupee, on the next five thousand rupees of the total agricultural income. Ten paise in the rupee, (iii) (iv) on the next five thousand rupees of the total agricultural income. Fifteen paise in the rupee. (v) on the next five thousand rupees of the total agricultural income. Twenty-five paise in the rupee. (vi) on the next five thousand rupees of the total agricultural income. Thirty paise in the rupee. (vii) on the next five thousand rupees of the total agricultural income. Forty paise in the rupee. (viii) on the next ten thousand rupees of the total agricultural income. Fifty paise in the rupee. (ix) on the balance of the total agricultural income. Sixty paise in the rupee."; (b) in second proviso to sub-entry (2) of entry A, for the words "eighty bighas", the words "four hectares" shall be substituted ; (c) for entry B, the following shall be substituted, namely :— "B—IN CASE OF EVERY COMPANY, FIRM OR OTHER ASSOCIATION OF PERSONS RATE (a) in case where the total agricultural income does not exceed one lakh rupees. Sixty paise in the rupee. (b) In case where the total agricultural income exceeds one lakh rupees. Seventy paise in the rupee.".