Section 4 in Punjab State Development Tax Act, 2018
4. Levy and charge of tax.
(1)Subject to the provisions of Article 276 of the Constitution of India and provisions of this Act, there shall be levied and collected a tax on professions, trades, callings and employments.(2)Every person, engaged in any profession, trade, calling or employment and falling under any class mentioned in the Schedule, shall be liable to pay the tax at rates mentioned in the Schedule from time to time. Senior citizens shall, however, be exempted as per the Income Tax Act, 1961.(3)The tax under this Act shall be levied on the persons in the categories mentioned in the Schedule only if they are income tax payees i.e. the tax, for any particular financial year, shall be payable under this Act only by those persons whose taxable income for the same financial year, before allowing deduction on account of tax levied under this Act, exceeds the maximum amount which is not chargeable to Income Tax by the amount of tax payable by him under this Act for that year:Provided that the Government may by notification, alter the rate of tax specified in the Schedule, add to or omit from or otherwise amend the Schedule and thereupon, the Schedule shall be deemed to have been amended accordingly:Provided further that subject to such conditions and restrictions as may be prescribed, an enrolled person shall not be required to make payment of tax in respect of the period, during which he is temporarily not engaged in any profession, trade or calling:Provided further that the Government may, by notification, exempt any person or class of persons from payment of tax subject to such conditions as may be notified from time to time.(4)Where a person falls under more than one category in the Schedule, he shall be liable to pay the tax only under one category.
