Amendment status not verified — confirm the current text below against the official source.
Substituted for the words “unit area tax” vide H.P. Act No. 48 of 2013, effective from 27th July, 2013. 86 THE HIMACHAL PRADESH MUNICIPAL CORPORATION ACT, 1994 Each factor shall have different value for different zone as may be determined by the Corporation, from time to time. (d) the mode for levy, calculation and assessment of tax as per provisions of this Act, which relates to the classification, usages of the buildings or apportionment of buildings or vacant land and open spaces forming part of the land and building shall be prescribed by bye-laws: Provided that annual deduction of ten per cent on the rateable value of building shall be allowed on account of repair and maintenance expenses necessary for the maintenance of the building and a rebate of ten per cent shall also be allowed on the amount of tax, in case the amount of tax specified in the bill is paid within fifteen days from the date of receipt of such bill, however, this rebate shall not be applicable in the case of defaulters who are in arrear of tax and shall be liable for penalty of five percent of the tax due.]