In section 34A of the Wealth-tax Act, with effect from the 1st day of June, 2002,--
(a) in sub-section (3), for the words "nine percent.", the words "eight per cent." shall be substituted;
(b) in sub-section (4B), in clause (a), for the words "three-fourth per cent.", the words "two-third per cent." shall be substituted.