Clause 36

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 first 5,000 2.5%For every dollar of the next 2,500 5.0%For every dollar of the next 2,500 6.0%For every dollar of the next 5,000 7.0%For every dollar of the next 5,000 8.0%For every dollar of the next 5,000 11.0%For every dollar of the next 10,000 13.0%For every dollar of the next 15,000 15.0%For every dollar of the next 25,000 19.0%For every dollar of the next 25,000 22.0%For every dollar of the next 50,000 24.0%For every dollar of the next 50,000 25.0%For every dollar of the next 200,000 28.0%For every dollar exceeding 400,000 30.0%”.