Wealth Tax Rate
Wealth Tax is levied @1% on the net taxable value of assets in excess of Rs..30,00,000/-. But no cess or surcharge is levied on Wealth Tax.How to Work out Taxable value of assets
From the total value of Taxable Assets the value of Debt owed in respect of those assets has to be deducted to work out the net taxable value of assets
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