Clause 31

The Second Schedule to the principal Act is amended by deleting Part A and substituting the following Part:“Part ARates of Tax on Chargeable Income of An Individual or A Hindu Joint FamilyChargeable Income $Rate of Tax For every dollar of the first 7,500 Nil For every dollar of the next 12,500 3.0% For every dollar of the next 15,000 6.0% For every dollar of the next 15,000 9.0% For every dollar of the next 25,000 12.0% For every dollar of the next 25,000 15.0% For every dollar of the next 50,000 18.0% For every dollar of the next 50,000 21.0% For every dollar of the next 200,000 24.0% For every dollar exceeding 400,000 26.0%”.