Panchayat:Repo18/Law Manual Page0524

	percentage	minimum
(1) Where the turnover of business exceeds 20 lakhs of rupees	3	80,000
(2) Where the turnover of business exceeds 16 lakhs of rupees but docs not exceed 20 lakhs of rupees	3	54,000
(3) Where the turnover of business exceeds 8 iakhs of rupees but does not exceed 16 lakhs of rupees	3.5	36,000
(4) Where the turnover of business exceeds 4 lakhs of rupees
but does not exceed 8 lakhs of rupees	4	24,000
(5) Where the turn over of business exceeds 2 lakhs of rupees
but does not exceed 4 lakhs of rupees	5	15,000
(6) Where the turn over of business exceeds 50,000 rupees
but does not exceed 2 lakhs of rupees	6	6,000

7. Determination of income when business is transacted in two or more Village Panchayat areas.-

Where a company or person transacts business, partly in the area of a Village Panchayat and partly outside such area the income of such company or person from the transaction of such business in the area of the Village Panchayat shall, for the purpose of levying profession tax under the Act, be deemed to be the percentage calculated with reference to Rule 6 of the turnover of the business transacted in such area during the half year or the corresponding half year of the previous year, as the case may be: Provided that in the case of a company or person assessable to income tax, the total profits earned by the company or person as disclosed by the income tax assessment for the year comprising the half year for which the profession tax is to be levied, shall be divided in the proportion of the turnover of the business of the company or person in the Village Panchayat area and outside for the purposes of assessment to profession tax.

8. Determination of turnover.-

For the purpose of Clause (b) of Rule 5 and Rule 7, the turnover of business in any Panchayat area means the aggregate money value of the goods produced, manufactured, purchased or sold or of any other business transacted in such Panchayat area. Explanation.— In determining the turnover of business under this rule, (a) Where the delivery of any goods on account of any purchase made by any company or person and the delivery on account of the sale thereof by the same company or person is effected in the State, only the latter transaction shall be taken into account; (b) Where the delivery of any goods on account of any purchase made by any company or person is effected in any place in the State, the later transaction shall be taken into account; (c) Where the delivery of any goods on account of any purchase made by any company or person is effected in any place in the State and the delivery on account of the sale thereof by the same company or person is effected in any place outside the State, the former transaction shall be taken into account.

9. The “[Secretary] to classify tax.-(1)

The “[Secretary] shall assign to the company or person the class in the scale appropriate to the half yearly income of such company or person as estimated by it.