Schedule “SECOND SCHEDULE

(Section 42).Rates of Income TaxChargeable Income Rate of Tax $ For every dollar of the first 2,500 6%For every dollar of the next 2,500 9%For every dollar of the next 2,500 12%For every dollar of the next 2,500 15%For every dollar of the next 5,000 20%For every dollar of the next 5,000 23%For every dollar of the next 5,000 25%For every dollar of the next 10,000 30%For every dollar of the next 15,000 40%For every dollar of the next 50,000 50%For every dollar exceeding 100,000 55 %.”.