Haryana Launches Tax Relief Scheme

The Haryana government brought in a one-time tax settlement scheme, aimed at providing some tax relaxation and waiving off penalties for small traders.

- TBG NETWORK

Over and above the tax exemption and penalty waiver, the state government under Nayab Singh Saini decided that it would exempt 60 per cent of outstanding amount (less than Rs 10 lakh) that is due for payments.

"For disputed taxes under Rs 10 lakh, taxpayers will pay 40 per cent of the outstanding amount," the chief minister said.

For disputes Rs 10 lakh to Rs 10 crore, taxpayers will pay 50 per cent of the outstanding amount.