07 November 2013
Wealth tax is charged for every assessment year in respect of net wealth of the corresponding valuation date of every individual, HUF and company, at the rate of 1% on the amount by which the net wealth exceeds Rs. 30,00,000/-
Go thru this... http://sanjoras.com/in/post/How-to-calculate-wealth-tax-in-India-Wealth-tax-calculation
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