Charge of Wealth Tax - Wealth Tax Law & Procedure - Wealth-tax

Charge of Wealth Tax - Section 3 of Wealth Tax Act <!--?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" ?--> Rate of Wealth Tax 1% Basic Exemption 30 Lakhs ( WT is payable on the amount by which net wealth exceeds Rs. 30 Lakhs)