Wealth-tax exemption thresholds set as prescribed deductions determining which assessed net wealth figure applies. The amendment replaces existing sub-clauses governing computation of chargeable net wealth so that the amount chargeable is the greater of: the net wealth assessed under the primary assessment provision reduced by the specified deduction, or the net wealth assessed under the alternate assessment provision reduced by either previously assessed net wealth or the specified deduction. A new provision prescribes fixed deduction amounts to be used as the specified deduction for individuals, Hindu undivided families and companies.