Schedule 2

SECOND SCHEDULERates of taxPart ASections 13K(7), 42(1), 81(7) and 106(1)TABLE 1Rates Of Tax On Chargeable Income Of An Individual Or A Hindu Joint Family For Years Of Assessment 2007, 2008, 2009, 2010 And 2011Chargeable IncomeRate of TaxFor every dollar of the first$ 20,000NilFor every dollar of the next$ 10,0003.5%For every dollar of the next$ 10,0005.5%For every dollar of the next$ 40,0008.5%For every dollar of the next$ 80,00014.0%For every dollar of the next$160,00017.0%For every dollar exceeding$320,00020.0%.TABLE 2Rates Of Tax On Chargeable Income OfAn Individual Or A Hindu Joint FamilyFor Year Of Assessment 2012 And Of An Individual For Years Of Assessment 2013, 2014, 2015 AND 2016Chargeable IncomeRate of TaxFor every dollar of the first$ 20,000NilFor every dollar of the next$ 10,0002%For every dollar of the next$ 10,0003.5%For every dollar of the next$ 40,0007%For every dollar of the next$ 40,00011.5%For every dollar of the next$ 40,00015%For every dollar of the next$ 40,00017%For every dollar of the next$120,00018%For every dollar exceeding$320,00020%.TABLE 3RATES OF TAX ON CHARGEABLE INCOME OF AN INDIVIDUAL FOR YEAR OF ASSESSMENT 2017 AND SUBSEQUENT YEARS OF ASSESSMENTChargeable IncomeRate of taxFor every dollar of the first$20,000NilFor every dollar of the next$10,0002%For every dollar of the next$10,0003.5%For every dollar of the next$40,0007%For every dollar of the next$40,00011.5%For every dollar of the next $40,00015%For every dollar of the next$40,00018%For every dollar of the next $40,00019%For every dollar of the next$40,00019.5%For every dollar of the next$40,00020%For every dollar exceeding$320,00022%.Part B[Deleted by Act 27 of 2009]Part C[Deleted by Act 41 of 2020][2/2016; 41/2020]