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help

can any one tell me what is library cess? example?

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Permalink Reply by Jayshree Dave on April 24, 2011 at 20:04
Library cess is the mechanism by which the state government collect revenue for the functioning of public libraries in the state. Library cess is a kind of tax which is levied on the house/property tax, usually it ranges between 5%-10%.For instance, if you buy a land for 1 lakh of rupees and the property tax is 10% and the library cess over it is 5%.Then,the tax alone will amount to 10 thousand and cess will 5% of 10000,that is,500 rupees. Then the total amount you will have to pay is rupees 1,10,500 out of which rupees 500 will go in the budget of libraries.

Permalink Reply by Dr. Akhtar Hussain on April 25, 2011 at 18:31
Jayshree madam define very nice ways regarding library cess.It is kind of Tex.

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