Clause 13

The Second Schedule to the principal Act is amended by deleting Part A and substituting the following Part:“Part ARates of Income Tax on Chargeable Income of An Individual or A Hindu Joint FamilyChargeable Income$Rate of TaxFor every dollar of the first5,0004 per centFor every dollar of the next2,5007 per centFor every dollar of the next2,5009 per centFor every dollar of the next5,00010 per centFor every dollar of the next5,00012 per centFor every dollar of the next5,00015 per centFor every dollar of the next10,00018 per centFor every dollar of the next15,00022 per centFor every dollar of the next25,00026 per centFor every dollar of the next25,00029 per centFor every dollar of the next50,00031 per centFor every dollar of the next50,00034 per centFor every dollar of the next200,00037 per centFor every dollar of the next350,00039 per centFor every dollar exceeding750,00040 per cent”.