30. Amendment of section 117 of the principal enactment

Section 117 of the principal enactment is hereby amended in subsection (1) of that section by the substitution for the words “deduct tax at the rate of ten per centum on such amounts or value of such benefits, in terms of the provisions of this Chapter.”, of the following words:-

“deduct tax on such amounts or value of such benefits at the rate of —

ten per centum, where the aggregate of such amounts or value of such benefits does not exceed twenty five thousand rupees per month; or

sixteen per centum, where the aggregate of such amounts or value of such benefits exceeds twenty five thousand rupees per month, in terms of the provisions of this Chapter.”.