Amendment of act 27 of 1957

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..... (1) clause (xx) of sub section (1) of section 5 shall be omitted; (2) in the Schedule, for Part I, the following Part shall be substituted, namely : PART I RATE OF TAX (a) In the case of every individ .....

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..... ten lakhs of net wealth.. 1.75% (iv) on the balance of net wealth.. 2.5% ; (3) In the Schedule, Part II, in Rule 2, for the figures and words 2 per cent. , the figures and words 2.5 per cent. shall b .....

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