Tax Book 2023

Deduction / Payment of Tax Chapter- 23

Rs. 20,000 for

industrial

consumers.

annum and tax

collected on over

and above

Rs.3 6 0.000 per

annum will be

adjustable.

(2) The rate of tax to be collected on domestic

electricity consumption shall be—

(i) zero percent the amount of monthly bill is

less than Rs.25,000; and

(ii) 7.5% if the amount of monthly bill is Rs.

25,000 or more;”

Rs. 0

7.5% of the

bill

Rs. 25 , 000

(monthly

bill)

Adjustable

Person preparing

electricity bill

On preparing

bill

The rate of tax leviable under section (99A), and

collectable under sub section (1A) of Section 235

shall be as set out in the TABLE under:-

1. Where the amount does not exceed Rs. 30,000


2. Where the amount exceeds Rs. 30,000 but does
   not exceed Rs. 50,000


3. Where the amount exceeds Rs. 50,000 but does
   not exceed Rs. 100,000


4. Retailers and service providers as notified by the
   Board in the income tax general order

Rs 3,000

Rs.5,000

Rs.10,000

Upto Rs.

200,000

Final Tax

Person preparing

electricity bill

On preparing

bill

IMPORTANT NOTES

IMPORTANT NOTES:

U/C 66 The exporters cum manufacturers of carpets, leather and articles thereof including artificial leather footwear, surgical goods, sports goods and

textile and articles thereof.

235A

Electrici

Omitted and merged with section 235