Here is the corrected text with proper spelling, grammar, and punctuation:
The present rates of tax applicable to the respective pay slabs enumerated in entry 1 of the schedule I appended to the Act are as follows:
Salary and wage earners - Such persons whose monthly salaries or wages:
(a) do not exceed rupees 2000: Nil
(b) exceed rupees 2000 but do not exceed rupees 2500: 30 per month
(c) exceed rupees 2500 but do not exceed rupees 3500: 60 per month
(d) exceed rupees 3500 but do not exceed rupees 5000: 120 per month
(e) exceed rupees 5000 but do not exceed rupees 10000: 175 per month
(f) exceed rupees 10000: 2500 per annum.
To be paid in the following manner:
(a) rupees 200 per month except in the month of February
(b) rupees 300 for the month of February.
Salary or wages include pay or wages, dearness allowance, and all other remunerations received by any person on a regular basis, whether payable in cash or kind. It also includes perquisites and profits in lieu of salary, as defined in section 17 of the Income Tax Act, 1961, but does not include bonus in any form and on any account or gratuity.