47
the year of assessment, his assessable income for that year of
assessment shall be his income for one year from such day.
(4) Where a person ceases to receive income chargeable
to Salaries Tax his assessable income for the year of assesament
in which the cessation occurs shall be his income for the
period beginning on the first day of April in that year and
ending on the date of cessation.
13.
There shall be deducted from the assessable income
liable to salaries tax of any individual before arriving
at the net chargeable income the allowances provided in
section 42.
14. Salaries tax shall be charged for each year of asSO SE-
ment upon the net chargeable income for that year calculated
as provided by sections 10 to 13 at the following rates
(a) Upon the first
thousand dollars at
one-quarter of the standard rate.
(b) Upon the next
thousand dollars at
one-half of the standard bate.
(c) Upon the next
three-quarters of the standard rate.
thousand dollars at
(4) Upon the remainder at the standard rate.
Provided that where an individual is liable to tax
under this Chapter for a part only of any year of assessment,
the sums under (a) (b) and (c) of this section shall be
reduced in the proportion which the mumber of days during
which he is so liable bears to the mmber of days in that
year of assessment,