New Property Tax Rates in Punjab After Approval of Budget 2024–25
Punjab Assembly has implemented new property tax rates to boost revenue. Residential properties valued up to Rs. 50 lakh are now tax-free. Commercial properties worth Rs 5 to 10 million face a tax rate of 0.07%. After approving the Finance Bill 2024–25, the Punjab Assembly has implemented new property tax rates as part of several … Read more