Amendment status not verified — confirm the current text below against the official source.
Levy of tax. ––(1) Subject to the provisions of sub-section (2), every person who carries on trade, either by himself or through an agent or representative, or who follows a profession or calling, or who is employed for a consideration, monetary or otherwise, wholly or partly, within the State, shall be liable to pay for each financial year or part thereof, a tax in respect of such profession, trade, calling or employment at the rate specified in the schedule : Provided that the tax payable by any one person under the Act shall not exceed two hundred and fifty rupees in a year. (2) Nothing in the Act shall apply to–– (i) any person whose annual income on account of any profession, calling, trade and employment does not exceed rupees one lakh ; (ii) the members of Defence Forces, Army, Navy and Air Force, personnel and members of Para-military security forces deployed in the State ; and (iii) pensioners receiving pension whether from the State or Central Government or from any other organization.