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[Cites 0, Cited by 0] [Section 2] [Entire Act]

State of Tamilnadu - Subsection

Section 2(1) in Assessment, Levy and Recovery of Contribution Costs Rules

(1)Every religious institution shall, from the income derived by it, pay to the Commissioner, annually a contribution calculated on a percentage of its income at the rates specified in the table below:-[The Table [Substituted by G. O. Ms. No. 275, C. T. & R. E., dated the 16th July 1997.]]
Item No. Annual income of the religious institution Rate of Contribution (Per cent)
1 2 3
(i) If the annual income of the religiousinstitution does not exceed Rs. 5,000 Nil
(ii) If the annual income of the religiousinstitution exceeds Rs. 5,000 but does not exceed Rs. 20,000. 4
(iii) If the annual income of the religiousinstitution exceeds Rs. 20,000 but does not exceed Rs. 60,000. 5
(iv) If the annual income of the religiousinstitution exceeds Rs. 60,000 but does not exceed Rs.2,00,000. 6
(v) If the annual income of the religiousinstitution exceeds Rs. 2,00,000 but does not exceed Rs.5,00,000. 7
(vi) If the income of the religious institutionexceeds Rs.5,00,000. 11
Note. - This rate will be adopted for levy of contribution from fasli 1407 onwards.