# The Finance Act, 1964, Section 54: Amendment of Act 13 of 1963

- Act: The Finance Act, 1964 (Act 5 of 1964)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1964/section/54/

## Text

Amendment of Act 13 of 1963 54. In Paragraph A of Part I of the First Schedule to the Finance Act, 1963, for clause (ii) of the proviso to clause (c) under the heading "Surcharges on income-tax", the following clause shall be, and shall be deemed always to have been, substituted, namely:— "(ii) the additional surcharge shall in no case exceed one-half of the amount by which the residual income exceeds the limit specified below.". [Finance Act, 1964] © Copyright. Taxmann Publications Pvt. Ltd.

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