Schedule “SECOND SCHEDULE

Section 42.Part ARates of Income Tax on Chargeable Income of An Individual or Hindu Joint FamilyChargeable Income. $ Rate of Tax.For every dollar of the first 2,500 5 per centFor every dollar of the next 2,500 8 per centFor every dollar of the next 2,500 10 per centFor every dollar of the next 2,500 12 per centFor every dollar of the next 5,000 15 per centFor every dollar of the next 5,000 20 per centFor every dollar of the next 5,000 25 per centFor every dollar of the next 10,000 30 per centFor every dollar of the next 15,000 35 per centFor every dollar of the next 50,000 40 per centFor every dollar of the next 100,000 45 per centFor every dollar of the next 200,000 50 per centFor every dollar exceeding 400,000 55 per centPart BRates of Tax on Chargeable Income of A Person Other Than An Individual or Hindu Joint FamilyChargeable Income. $ Rate of Tax.For every dollar of the first 2,500 6 per centFor every dollar of the next 2,500 9 per centFor every dollar of the next 2,500 12 per centFor every dollar of the next 2,500 15 per centFor every dollar of the next 5,000 20 per centFor every dollar of the next 5,000 23 per centFor every dollar of the next 5,000 25 per centFor every dollar of the next 10,000 30 per centFor every dollar of the next 15,000 40 per centFor every dollar of the next 50,000 50 per centFor every dollar exceeding 100,000 55 per cent”.