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Statutory income

(i) in relation to any income tax year means the statutory income computed pursuant to the Income Tax Act as Wig the statutory income for that year whether or not such computation is by reference to income received in that year or in any other year and other expressions have the same meaning as in the Act.- National Insurance (Self-Employed Persons' Wage-Related Contributions) Regulations 1973.(ii) “statutory income” means subject to section 6 the 4/1986aggregate amount of income of any person from all ’.sources remaining after allowing the appropriate deductions and exemptions under this Act;- The Income Tax Act 1955

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