(1) The rates of interest for the purposes of sub-sections (1), (2) and (3) of section 30 shall be as specified in the table below :-
TABLE
(2) The rate of interest for the purposes of Section 52 shall be half per cent of the amount of such tax for each month or for part thereof.
(3) The rate of interest for the purposes of the sub-section (1) of Section 53 shall be half per cent. of the amount of such refund for each month or for part thereof.
(4) The rates of interest specified in sub-rule (1), shall mutatis mutandis, apply for the purposes of clause (b) of sub-section (6) of section 51.