At present, Wealth Tax is charged in India at 1% if the value of assets that exceed?

At present, Wealth Tax is charged in India at 1% if the value of assets that exceed?
[A]Rs. 20 Lakh
[B]Rs. 30 Lakh
[C]Rs. 40 Lakh
[D]Rs. 50 Lakh

Rs. 30 Lakh
At present, wealth tax is charged at 1 percent of the value of assets exceeding Rs 30 lakh and does not include one residential property and financial assets. There is no wealth tax on agriculture land.

Originally written on December 7, 2014 and last modified on December 7, 2014.

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