Wealth Tax Rates In India

For Indiviuals And Non-Specified HUF's

Net Wealth	Rate (in per cent)
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

For Specified Hindu Undivided Family

Net Wealth	Rate (in per cent)
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

For Individuals, HUF's and Companies


Weath tax will be charged in respect of the net wealth on the corresponding valuaton dat, of every inividuals, HUF and company @1% of the amount by which the net wealth exceeds Rs. 15 lakhs.
In the case of partnership firms, AOPs and BOIs the wealth of the firm is allocated to individual partners or members equitably.