Amendment status not verified — confirm the current text below against the official source.
Subject to the provisions of this Act, on and from the 1st day of August 1974, the special assessment on agricultural land payable by a holder shall be increased at the following rate, that is to say :- Where the amount of special assessment payable Rate of increase ( a ) does not exceed Rs. 200 .. Nil. (b) exceeds Rs. 200 but does not exceed Rs. 500 ; .. 25 per centum of such amount as is in excess of Rs. 200 ; ( c ) exceeds Rs. 500 but does not exceed Rs. 1,000 ; .. Rs. 75 plus 50 per centum of such amount as is in excess of Rs. 500 ; ( d ) exceeds Rs. 1,000 but does not exceedRs. 2,000 ; .. Rs. 325 plus 1000 per centum of such amount as is in excess of Rs. 1,000 ; ( e ) exceeds Rs. 2,000 .. Rs. 1,325 plus 150 per centum of such amount as is in excess of Rs. 2,000.