Computation of Tonnage Income - Section 115VG

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....ge Amount of daily Tonnage Income Up to 1,000 Rs.70 for each 100 tons Exceeding 1,000 but not more than 10,000 Rs.700 plus Rs. 53 for each 100 tons exceeding 1,000 tons. Exceeding 10,000 but not more than 25,000. Rs.5,470 plus Rs. 42 for each 100 tons exceeding 10,000 tons. Exceeding 25,000 Rs.11,770 plus Rs. 29 for each 100 tons exceeding 25,000 tons.   Step III : Such daily tonna....

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....angement of sharing of break-bulk vessel. * From 01.04.2026 [ Amended vide Section 30 of the Finance Act, 2025 ] *  For the purpose of this chapter, the tonnage shall mean the tonnage of a ship or inland vessel, as the case may be, indicated in the certificate referred to in Section 115VX and includes the deemed tonnage computed in the prescribed manner. However....