REBATE AND SURCHARGE
A rebate equal to 5 % of the amount of annual tax for financial year is allowed if the amount of annual tax paid in lumpsum on or before the 30th September of the financial year.
A late payment surcharge at the rate of one per cent of the gross payable tax shall stand imposed on the first day of every month of delay if the tax payable for any year is not paid by 30th day of September of the said year
