Rounding of net wealth standardises reported net wealth through prescribed rounding rules for paise and partial hundreds. Paise shall be ignored and the computed net wealth shall be rounded to the nearest multiple of one hundred rupees: if the part of one hundred rupees is fifty rupees or more, increase to the next higher multiple of one hundred; if less than fifty rupees, reduce to the next lower multiple of one hundred; the amount so rounded shall be deemed to be the net wealth of the assessee for the purposes of this Act.