Page:Indian Journal of Economics Volume 2.djvu/334

 820 $. PA (AI ing o Rs. 200 and over, paid a he rae of 2 per cen and were exemp from he duy of 1 pe cen for public works, ec.; (3) all Governmen propery was exempted; (4)otBcers and soldiers of any military or ' police force, whose pay and allowances were less hau hose of a captain o1 infantry were exempted; !5) naval and marine officers were free from he ax n respec of ravelling and oher allowauces; and in he of lands Ryos persons occupation agricultural purposes and aoually engaged (6) for in heir own cultivation, paying less han Rs. 600 yearly as revenue, were exempted; for he purposes of he same a land (7) persons occupying houses habitation only a rack-ren; (8) deductions sum equal to he ren o1 and holding on accoun such houses of repairs--a months in every three years were provided; de. voted to charitable and religious pur- lire insurance premiums no exceeding [or SiX (9) propery poses; (10) one-sixth of he income. Avoidance of double taxation. Income from and liable propery situated a home, i.e., in Grea Britain paying he English income ax was not o he Indian ax, even hough received in India. Similarly he pensioners and hose in he receip of allowances from he Governmen of India, paying he English ax were exemp o avoid double axaion. [ may be added ha e. mporary residents were taxed only if hey sayed in India for more han six months.  (e) Fiscal results and the abolition of th tax. If one were o judge he fiscal results from he vast abou 143,000,000 in be admitted ha hoy number of inhabitants, hen British India alone, i tnus were very disappointing. On an average for .he five years ending on April 80, 1865, he tax yielded a litfie over Rs. 150 lakhs. There are many reasons I The Income Tax Aot of 10, Part XllI. 2  IV of the