Levy of Social Security

Notwithstanding anything contained many other law for the time being in force and subject to the rules made or notifications issued under this Act, there shall be levied for the purpose of providing social services,- (i) a Social Security Surcharge not exceeding rupees two per liter on sale of petrol and/or diesel which are subject to Punjab Value Added Tax levied under the Punjab Value Added Tax Act, 2005; (ii) a Social Security Surcharge not exceeding one percent of value of vehicles registered in the State of Punjab which are subject to payment of tax under the Punjab Motor Vehicles Taxation Act, 1924; (iii) a Social Security Surcharge not exceeding ten percent of tax on transportation vehicles in the State of Punjab which are subject to such tax under the Punjab Motor Vehicles Taxation Act, 1924; (iv) a Social Security Surcharge at the rate of five percent of monthly electricity bill: Provided that the minimum liability of the consumer shall not be less than Rs. 25 per month and the maximum liability of the consumer shall not exceed Rs. 10,000 per month; and (v) a Social Security surcharge not exceeding ten per cent of excise duty and license fee as chargeable under the Punjab Excise Act, 1914 (Punjab Act No. 1 of 1914): Provided that the Government may by notification, exempt a person or a class of persons from payment of Social Security Surcharge under this Act.