Tax on investment income and long-term capital gains.

    The income-tax payable on the total income of an assessee, being a non-
    resident Indian, which includes income specified in column B of the Table below, shall be the aggregate of income-tax computed at the rate specified in the column C applied on the corresponding income specified in column B.
    TABLE
    Sl. No. | Income | Rate of Income-tax payable
    A | B | C
    1. | Income from investment. | 20%
    2. | Income from long-term capital gains on specified asset. | 12.5%
    3. | Total income as reduced by income referred to against serial numbers 1 and 2. | Rates in force.