RATES OF WEALTH-TAX

FOR INDIVIDUALS AND NON-SPECIFIED HUF's (Upto the assessment year 1992-93)

(in per cent)

Net Wealth	Assessment years 1988-89 to 1992-93
On the first Rs. 2,50,000 of net wealth	NIL
On the next Rs. 7,50,000 of net wealth	1/2
On the next Rs. 10,00,000 of net wealth	1
Balance exceeding Rs. 20,00,000 of net wealth	2

Surcharge: 10 per cent of wealth-tax for the assessment year 1988-89

FOR SPECIFIED HINDU UNDIVIDED FAMILY (Upto the assessment year 1992-93)

(in per cent)

Net Wealth	Assessment years 1988-89 to 1992-93
On the first Rs. 1,50,000 of net wealth	NIL
On the next Rs. 3,50,000 of net wealth	1
On the next Rs. 5,00,000 of net wealth	2
Balance exceeding Rs. 10,00,000 of net wealth	3

Surcharge: 10 per cent of wealth-tax for the assessment year 1988-89

FOR INDIVIDUALS, HUF's AND COMPANIES (FOR THE ASSESSMENT YEARS 1993-94 TO 1997-98)

1 per cent of the mount by which net wealth exceeds Rs. 15,00,000.