Discussion
Punjab government has brought in a new tax for income tax payees engaged in professions, trades, callings and employments in the current year budget (2018 - 19). This tax is
Answer: C
The new tax is the Development Tax.
Punjab's Budget for 2018-19 introduced a Development Tax of 200 rupees a month (2,400 rupees a year) on every person paying income tax who is engaged in a profession, trade, calling or employment in the State. It was levied under the Punjab State Development Tax Act, 2018, using the power of States under Article 276 to tax professions, trades, callings and employments, which caps such a tax at 2,500 rupees a year.
Education Tax and Entertainment Tax are not this levy; entertainment tax had in any case been largely subsumed into GST in 2017. Since the Development Tax is the right answer, 'None of the above' is wrong.
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