Debit Tax
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- Debit Tax
Debits Tax shall be charged, On the total amount of the debits, made during each calendar month against each current Account maintained at a commercial Bank and each Saving account maintained at a commercial Bank or a specializes Bank
Debits Tax shall be charged,
- On the total amount of the debits, made during each calendar month against each current Account maintained at a commercial Bank and each Saving account maintained at a commercial Bank or a specializes Bank.
- On the amount realized on the encashment of a certificate of Deposit or Travelers cheques
Rate of Debit Tax is one tenth of one per centum