Amendment status not verified — confirm the current text below against the official source.
Levy of :;urcharge on profession tax -The profes~ion tax or tax on companies payable by a person or company whose half-yearly income is not less than one thousand and five hundred rupees to the respective local authonhes under the Trivandrum City Municipal Act, the Travancore Distnct Mumcipahties Act, 1116, the Cochm Municipal Act, XVIII of 1113, the Madras District Municipalities Act, 1920, the Travancore-Cochin Pan- chayat~ Act, 1950, the Madras Village Panchayats Act, 1950 ~r the Madras D1str1et Boards Act, 1920, shall be mcrcased by a surcharge for the purpose of the Government at the rate of five per centum of the profession tax or tax on compames so payable and the local authorities concerned shall levy and collect the said surcharge along With the professiOn tax or the tax on com- pames m the same manner as If It were a professiOn tax or a tax on compames, and the prov1s10ns of law govermng the levy and collection of su.ch taxes shall m all re~pects apply therefor. :J. Local authonty to make over the surcharge collected to Government -The local authority concerned shall make over to the Governrr..ent the surcharge so collected m such manner and subject to such deductiOns towards the cost of collectwns as the Government may, from time to hme, by rules prescribe.