[See section 3(1)]
Rates of income-tax
(a)
In the case of a declarant, being a company, at the rate of 60 per cent. of the voluntarily disclosed income.
(b)
In the case of a declarant, being a person other than a company,-
(1)
where the voluntarily disclosed income does not exceed Rs. 25,000 25 per cent. of the voluntarily - disclosed income;
(2)
where the voluntarily disclosed income exceeds Rs. 25,000 but does not exceed Rs. 50,000 Rs. 6,250 plus 40 per cent. of the amount by which the voluntarily disclosed income ex- -ceeds Rs. 25,000;
(3)
where the voluntarily disclosed income exceeds Rs. 50,000. - Rs.16,250 plus 60 per cent. of the amount by which the Rs. 50,000 voluntarily disclosed income exceeds
