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Punjab Government has implemented Punjab State Development Tax on its employees/pensioners. Under this, 200 rupees per month will be deducted from their pension. In this regard, a letter has been issued by the finance department of the state.
It is written in the letter that the Finance Department has approved the proposal of the Excise and Taxation Department to levy Punjab State Development Tax from the pensioners/retired employees after considering it. It may be noted that the Excise and Taxation Department is the nodal agency for tax collection in the state. In this regard, an official of the finance department said that the department will soon issue a notification in this regard and the government will direct the deduction of the above tax amount directly from the bank accounts of the pensioners.
It is worth mentioning that this tax was imposed on government employees by the Captain Amarinder Singh government in Punjab in 2018. It states that according to the Punjab Government, any person who is engaged in any trade, business, profession or employment in Punjab, who is an income tax payer, means a person whose income under the Tax Act is from “0” Exceeding is taxable.
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