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of <h1>Taxation Laws (Amendment) Act, 2001: Section 2 of Finance Act, 2000 sees tax rates increase to 12% and 17%.</h1> The Taxation Laws (Amendment) Act, 2001 modifies section 2 of the Finance Act, 2000. The amendments involve increasing various tax rates: in sub-sections (4), (6), and (7), the rates in clauses (a) and (b) are raised from ten and eleven percent to twelve and thirteen percent, respectively. In sub-section (8), the third proviso sees similar increases, with some rates rising from ten to twelve percent and others from fifteen to seventeen percent. Sub-section (9) also reflects these changes, adjusting rates in its proviso to align with the new twelve and seventeen percent thresholds.
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