Wealth-Tax Act, 1957
Schedule I - RATES OF WEALTH-TAX
SCHEDULE 54[I]55[[See section 3(1)]]RATES OF WEALTH-TAX56[PART I(1) In the case of every individual or Hindu undivided family, not being a Hindu undivided family, to which item (2) of this Part applies,-Rate of tax
| (a) | where the net wealth does not exceed Rs. 2,50,000 | Nil; | |
| (b) | where the net wealth exceeds Rs. 2,50,000 but does not exceed Rs. 10,00,000 | - per cent of the amount by which the net wealth exceeds Rs. 2,50,000; | |
| (c) | where the net wealth exceeds Rs 10,00,000 but does not exceed Rs. 20,00,000 | Rs. 3,750 plus 1 per cent of the amount by which the net wealth exceeds Rs. 10,00,000; | |
| (d) | where the net wealth exceeds Rs. 20,00,000 | .... To read the full section download the app from Google Play store
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