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VOLUNTARY SURRENDER OF SALARIES (EXEMPTION FROM TAXATION) ACT

Ministry of Law and Justice

Act nº 46 of 1961


  • Act nº 46 of 1961

Preamble

THE VOLUNTARY SURRENDER OF SALARIES (EXEMPTION FROM TAXATION) ACT, 1961

[Act, No. 46 of 1961]

[6th December, 1961]

PREAMBLE

An Act to provide for exempting from, taxes on income a portion of the salary or allowances payable to any person who has in the public interest volunteered to forego it.

BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :

Section 1. Short title

This Act may be called the Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961.

Section 2. Exemption from taxes on income in respect of salaries surrendered in favour of Government

Notwithstanding anything contained in the Indian Income-tax Act, 1922, or in any other law for the time being in force relating to taxation on income, no income-tax or super-tax shall be payable by any person

(a) where his salary is paid out of the Consolidated Fund of India or of the Consolidated Fund of a State, in respect of that part of the salary due to him for any period after the 31st day or March, 1961, which he has, by a declaration in writing, volunteered to forego in the public interest.

(b) in any other case, in respect of that part of the salary which is due to him for any period after the 31st day of March, 1961, which has been in the public interest, surrendered in favour of, and paid to, the Central Government in accordance with the rules made in this behalf by that Government;

and such part of the salary shall not be included in his total income for the purposes of any law relating to taxation on income,

Section 3. Provisions of section 2 to apply to allowances

The provisions of section 2 shall apply in relation to any allowances due to any such person as is referred to therein for any period after the 31st day of March, 1961 as they apply in relation to his salary.

Section 4. Power to make rules

(1) The Central Government may, by notification in the Official Gazette, make rules to carry out the purposes of this Act,

(2) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days, which may be comprised in one session or1[in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid], both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.

1. Sub stituted for the words "in two successive sessions, and if, before the expiry of the session in which it is so laid or the session, immediately following" by Delegated Legislation Provisions (Amendment) Act (4 of 1986 ), Section 2, Schedule (15 -6 -86 ).


Section 5. Repeal

(1) The Voluntary Surrender of Salaries (Exemption from Taxation) Act 1950, is hereby repealed.

(2) Notwithstanding such repeal any declaration made under the said Act shall be deemed to be a declaration made for the purposes of this Act.