SCHEDULE
[See Section 3(2)]
10
13
Explanation.- for the purpose of this entry, 'banking companies' shall include any bank whose operations are governed by the provisions of the Banking Regulation act, 1949 (Central Act 10 of 1949).
46
(i) in the Bangalore Urban Agglomeration
(ii) in any other area in the state
Rs.1,500 per annum
(ii) in any other area in the State
Explanation I.- Notwithstanding anything in this Schedule, where a person is covered by more than one entry in the Schedule the highest rate of tax specified under any of those entries shall be applicable in his case.
Explanation II.-For purposes of determining the liability and the rate of tax in tersm of Serial Number 15 in this Schedule, the higher number of workers and/or employees and/or employees at any time during the eyar shall be reckoned as the basis.
Explanation III.- For the purposes of Serial No. 16 of this Schedule where the oil pump or service station is held on lease by a lessee, such lessee shall be deemed to be the person liable under the Act.
Explanation IV.-No tax shall be levied under this Act on any firm except when it is engaged in any profession, trade or calling specified in Serial Numbers 2(a)(iii), 3(a)(iv), 5(iii), 6(a)(iii), 6(b)(iv), 7(a)(iii), 8, 8(i), 10(iv), 11(i), 11(ii)(b), 11(iii), 13(d), 15(iv), 16, 17, 18(ii), 19(i), 20(b), 21, 22, 27(b), 29(a), 29(b)(i), 31, 32(b), 34, 37, 40, 41(a), 42, 43, 44, 45, 46(d), 47, 49(b), 51(a), 52, 53, 54, 55, 56, 60 61, 62, 64, 66, 69(i), 70(i), 71(i), 72(i) and 73 of the Schedule.
Explanation V.-No tax shall be levied under this Act on any partner of a firm, which is engaged in any profession, trade or calling specified in Explanation IV above.
Explanation VI.-Notwithstanding anything contained in the Schedule, every branch of any self-employed assessee enumerated in any item of the Schedule shall be deemed to be a separate assessee for the purpose of levy of profession tax specified in the Schedule.