Amendment of Schedule I
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....tem (2) of this Part applies, - Rates of Tax (a) where the net wealth does not exceed Rs. 2,50,000 1/2 per cent. of the net wealth; (b) where the net wealth exceeds Rs. 2,50,000 but does not exceeds Rs. 5,00,000 Rs. 1,250 plus 1 per cent. of the amount by which the net exceed wealth Rs. 2,50,000; (c) where the net wealth exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 Rs. 3,750 plus ....
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...., - Rates of Tax (a) where the net wealth does not exceed Rs. 2,50,000 1 1/2 per cent. of the net wealth; (b) where the net wealth exceeds Rs. 2,50,000 but does not exceed Rs. 5,00,000 Rs. 3,750 plus 2 per cent. of the amount by which the net wealth exceeds Rs. 2,50,000; (c) where the net wealth exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 Rs. 8,750 plus 3 per cent. of the amount ....
TaxTMI
TaxTMI