Section 24

dalam Bahagian 1—

dengan menggantikan perenggan 1 dengan perenggan yang berikut:

“1. Except where paragraphs 1a, 2, 2a, 2d, 3 and 4 provide otherwise, income tax shall be charged for a year of assessment upon the chargeable income of every person at the following rates:

Chargeable income

RM

Rate of

Income Tax

For every ringgit of the first 5,000 0 per cent

For every ringgit of the next 15,000 1 per cent

For every ringgit of the next 15,000 5 per cent

For every ringgit of the next 15,000 10 per cent

For every ringgit of the next 20,000 16 per cent

For every ringgit of the next 30,000 21 per cent

For every ringgit of the next 150,000 24 percent

For every ringgit of the next 150,000 24.5 per cent

For every ringgit of the next 200,000 25 per cent

For every ringgit of the next 400,000 26 per cent

For every ringgit exceeding 1,000,000 28 per cent”; dan

dalam Bahagian X dalam subperenggan 1(b), dengan menggantikan perkataan “26% of gross for the year of assessment 2008 and 25% of gross for the subsequent years of assessment” dengan perkataan “24% of gross for the year of assessment 2016 and subsequent years of assessment”.

Pindaan Jadual 3