Omittted

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.... of section 28, had the total income so reduced been his total income, plus (b) the tax on the whole amount of such inclusion equal to the amount which bears to the income-tax which would have been payable on the total income as reduced by two-thirds of such inclusion and by the amount of compensation or other payment aforesaid, if any, the same proportion as the whole amount of such inclusion bears to such reduced total income: Provided that- (i) where the total income does not exceed the sum of ten thousand rupees, the amount payable under clause (b) shall be nil; and (ii) in no case shall the amount payable under clause (b) exceed one-half of the amount, if any, by which the income chargeable under the head "Capital gains" exceed....

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....1965 before it was read as, "and super tax" 4.  Omitted vide Section 36 of the Finance Act, 1965 w.e.f. 01-04-1965 before it was read as, "and super tax" 5.  Omitted vide Section 36 of the Finance Act, 1965 w.e.f. 01-04-1965 before it was read as, "and super tax" 6.  Omitted vide Section 36 of the Finance Act, 1965 w.e.f. 01-04-1965 before it was read as, "and the average rate of super tax respectively" 7.  Inserted vide Section 36 of the Finance Act, 1965 w.e.f. 01-04-1965 8.  Omitted vide Section 36 of the Finance Act, 1965 w.e.f. 01-04-1965 before it was read as, "and three-fourths of the average rate of super-tax respectively" 9.  Omitted vide Se....

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....es other than companies.- Where the total income of an assessee, not being a company, includes any income chargeable under the head 'Capital gains', the tax payable by him on his total income shall be (a) the amount of income tax 3[****] payable on the total income as reduced by the amount of such inclusion and by the amount of compensation or other payment, 11[referred to in clause (ii) of section 28 and of the interest on National Savings Certificates (First Issue), if any,], had the total income so reduced been his total income; plus (b) (i) the amount of income tax 4[****] calculated on the amount of the net capital gains relating to short term capital assets, if any, included in the total income at the average rate of income tax 6[....