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BUSINESS
NOW PROFESSIONAL TAX ON SOUTH DELHIITES
January 13, 2016
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1.Facing mounting expenditures, the South Delhi Municipal Corporation (SDMC) has decided to consider imposing a new ‘professional tax’ on residents from the next financial year.

2.The Standing Committee of the SDMC on Monday decided to put the ball in the court of the House, saying that a proposal for imposing professional tax will be deliberated by the House in the next budget session.

3.As per Article 276 of the Indian Constitution, State or local governments can impose taxes on professions, trades, callings and employments up to Rs.2,500 per person annually.

4.South Delhi Municipal Corporation officials said the exact rate of the professional tax has not been finalised yet, but its collection could net the corporation between Rs. 20 to Rs. 40 crore a year.