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Permalink Reply by Jayshree Dave on April 24, 2011 at 20:04

Library cess is the mechanism by which the state government collect revenue for the functioning of public libraries in the state. Library cess is a kind of tax which is levied on the house/property tax, usually it ranges between 5%-10%.For instance, if you buy a land for 1 lakh of rupees and the property tax is 10% and the library cess over it is 5%.Then,the tax alone will amount to 10 thousand and cess will 5% of 10000,that is,500 rupees. Then the total amount you will have to pay is rupees 1,10,500 out of which rupees 500 will go in the budget of libraries.

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Permalink Reply by Dr. Akhtar Hussain on April 25, 2011 at 18:31

Jayshree madam define very nice ways regarding library cess.It is kind of Tex.

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