Bare Act
The Punjab Social Security Act, 2018
The Punjab Social Security Act, 2018, establishes a dedicated financial mechanism to fund social welfare programs in Punjab. It creates the "Punjab Social Security Fund," which is financed through specific surcharges levied on petrol, diesel, vehicle registration, transport taxes, electricity bills, and excise duties. This Fund is managed by a government-appointed Trust and is exclusively used for social services, including pensions for senior citizens, widows, and the physically challenged, as well as scholarships and financial aid for vulnerable groups. Essentially, the Act ensures a steady revenue stream to support the state's most marginalized citizens by taxing specific consumption and commercial activities.
- 1. Short title and commencement
- 2. Definitions
- 3. Levy of Social Security
- 4. Constitution of Fund
- 5. Purposes of Fund
- 6. Management of Fund
- 7. Manner of collection of Social Security Surcharge
- 8. Procedure for maintenance of accounts and submission of Social Security Surcharge
- 9. Procedure for deposit of Fund and meeting obligations
- 10. Power of the Government to borrow and raise money
- 11. Audit
- 12. Prosecution of action taken in good faith
- 13. Power to make rules
- 14. Power to remove difficulties
- 15. Repeal and saving
PDF: pending for this language.