Indian Finance Three Essays Republished From the Nineteenth Century With
Indian Finance Three Essays Republished From the Nineteenth Century With
Fawcett, Henry, 1833-1884
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It appears, however, that one important change is to be effected, for the limit of exemption is to be raised from 250 to 500 rupees. Jt is also pro- posed that the maximum amount to be taken from any person who is not an official should be 800 rupees, but that a tax of li per cent, should be imposed on official salaries without limitation. It is not stated, in the accounts which have reached England of the Bill in its new form, whether or not military officers whose pay and allowances are less ...than 6, 000 rupees a year, and persons in receipt of salaries of less than 1, 200 rupees a year, are still to be exempted from the tax. Although it seems impossible to defend the continuance of these ex- emptions, yet enough has been said to show that the tax in its new form will bear a striking contrast to the tax as it was originally, and is still, imposed. Many of the most glaring inequalities in its incidence will be removed, and so much relief will be afforded to the very poor by raising the limit of exemption from incomes of 100 to 500 rupees, that it is estimated that no less than 1, 750, 000 persons who 184 INDIAN FINANCE.
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