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This clause has been omitted by Finance Ordinance 2000 Dated 19th June 2000.
AA. Notwithstanding anything contained in paragraph A, the rates of income tax for individuals, unregistered firms, associations of persons and Hindu undivided families who qualify for assessment under the scheme of self-assessment made by the Central Board of Revenue, under section 59 for the assessment year 1999-2000, income tax shall be payable at the following rates:-
| (a) where the total income does not exceed Rs. 50,000. | Rs. 2,500. |
| (b) where the total income exceeds Rs. 50,000 but does not exceed Rs. 150,000. | Rs. 2,500 plus 10% of The amount exceeding Rs. 50,000. |
| (c) where the total income exceeds Rs. 150,000 but does not exceed Rs. 300,000. | Rs. 12,500 plus 20% of The amount exceeding Rs. 150,000. |
| (d) where the total income exceeds Rs. 300,000.but does not exceed Rs. 500,000. | Rs. 42,500 plus 30% of The amount exceeding Rs. 300,000,"; |
| (e) Where the total income exceed Rs. 500,000. | Rs. 102,500 Plus 35% of the amount exceeding Rs. 500,000. |
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