Panchayat:Repo18/Law Manual Page0522

prompt payment in the Village Panchayat and includes requisition to give the required particulars for proper recording of accounts or for further action in the matter; (f) 'Section' means a section in the Act;

(g) 'Secretary' means the Secretary of the Village Panchayat;

(h) Words and expressions used, and not defined in these rules, but defined in the Act shall have the meanings respectively assigned to them in the Act.

3. Maximum rates of half-yearly-tax.

[(1) For the purpose of assessment of profession tax, companies and persons shall be classified as stated in column (2) of the Schedule below based on half-yearly income and the maximum profession tax to be levied from them for each half year shall be as mentioned in column (3) of the Schedule namely:

Schedule
Slab Halfyearly income Rupees Maximum half-yealry Tax Rupees
1 2 3
I fro12,000to17,999 120
II from 18,000 to 29,999 180
III from 30,000 to 44,999 300
IV from 45,000 to 59,999 450
V from 60,000 to 74,999 600
VI from 75,000 to 99,999 750
VII from 1,00,000 to 1,24,999 1,000
VII from 1 ,25,000 onwards 1,250

(2) Village Panchayat shall determine the tax leviable on each class subject to the maximum rate specified in sub-rule

(1):Provided that the tax leviable on any class determined by the Village Panchayat shall be in the multiples of rupees: Provided further that the proportion which the tax on any class bears to the minimum income of that class shall in no case be smaller than the proportion which the tax on any lower class bears to the minimum income of such lower class.

(3) Village Panchayat may exempt any one or more of the classes in sub-rule (1) of Rule 3 from the liability of profession tax: Provided that no class shall be exempted from the liability of tax when persons in the lowest class are liable to pay tax.

4. Transaction of business and exercise of a profession

.-Acompany shall be deemed to have transacted business and a person shall be deemed to have exercised a profession, art or calling or held an appointment within a Village Panchayat area if such company or person or persons has an office or place of employment within such Village Panchayat area.