The Punjab State Development Tax Act, 2018
The Punjab State Development Tax Act, 2018
The Punjab State Development Tax Act, 2018 establishes a state-level tax on professions, trades, callings, and employments across Punjab. It applies to individuals earning taxable income under the Income Tax Act from salaries, wages, or business activities, while exempting senior citizens, casual wage earners, and exclusive agriculturists. Employers are mandated to register, deduct the monthly tax directly from employee paychecks, and remit it to the government, whereas self-employed individuals must enroll and pay independently. By generating revenue for state development, this legislation creates a structured taxation framework complete with registration requirements, self-assessment returns, inspection powers, interest charges, and financial penalties for non-compliance.
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Appointment of Appellate Authority, Commissioner and other officers.
- 4. Levy and charge of tax.
- 5. Employer's liability to deduct and pay tax on behalf of employees.
- 6. Registration and Enrolment (Partial)
- 7. Returns
- 8. Assessment of employers
- 9. Assessment of other persons
- 10. Payment of tax
- 11. Consequences of failure to deduct or to pay tax
- 12. Recovery of tax, interest and penalty as arrears of land revenue
- 13. Appeal
- 14. Revision
- 15. Rectification of mistakes and review of order
- 16. Accounts
- 17. Production and inspection of accounts and documents and search of premises
- 18. Refund of excess payment
- 19. Penalties
- 20. Offences by companies
- 21. Power to enforce attendance.
- 22. Bar on proceedings.
- 23. Power to make rules.
- 24. Power to remove difficulties.
- SCHEDULE (See section 4). SCHEDULE
PDF: pending for this language.