Computation of Tonnage Income - Section 115VG

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..... tonnage 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 ₹ 53 for each 100 tons exceeding 1,000 tons. Exceeding 10,000 but not more than 25,000. Rs.5,470 plus ₹ 42 for each 100 tons exceeding 10,000 tons. Exceeding 25,000 Rs.11,770 plus ₹ 29 for each 100 tons exceeding 25,000 tons. Step III : Such daily tonna .....

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..... shall be rounded off to the nearest multiple of hundred tons and for this purpose any tonnage consisting of kilograms shall be ignored and thereafter if such tonnage is not a multiple of hundred, then, if the last figure in that amount is fifty tons or more, the tonnage shall be increased to the next higher tonnage which is a multiple of hundred and if the last figure is less than fifty tons, the .....

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