Alteration of rzte of tax and slab of income under Public Act 7 of 1956.

(1) For the purpose of assessmenr bf the tax on any person under the Punjab Profession, Trades, Calling and Employments Taxalion Act, 1956, in respect of the financial year 1962-63 or a part thenof, the tax shall, notwithstanding anything to the conrrary contained in the said ACL, be levicd with reference to the total gross income of such person during the previous year at the rates specified in the following Schedule: Provided that wherc l a x is payable inirespecl of a part of the fmancial year, it shall be an amount bearing lo the lax payable for lhc whole uf the financial year the same propoflion ns [he period in rep&[ of. which the tax in payable beus 10 h e fianncial year. (2) For rhe period specified in sub-section ( i ) , rhe [ax shall alst, be levied on a Iiindu clndivided family.