Vidhi Codex

Bare Act

The Mizoram (Professions, Trades, Callings and Employments Taxation) (Second Amendment) Act, 1988

Tax19883 sections

The Mizoram (Professions, Trades, Callings and Employments Taxation) (Second Amendment) Act, 1988, serves as a legislative update to the existing 1963 taxation framework in Mizoram. Its primary function is to revise the tax schedule applicable to individuals engaged in various professions, trades, callings, and employments. By substituting the previous tax schedule with new income-based slabs, the Act adjusts the financial obligations of citizens based on their gross annual income. This ensures that the state’s tax collection mechanism remains current with economic conditions, directly impacting how much tax professionals and employees must contribute to the state exchequer.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 2. Substitution of new Schedule to the principal Regulation
  3. Schedule. Schedule ( See Section 4 ) In the case of every person where the total gross income :-

PDF: pending for this language.