PUNJAB FINANCE ACT, 1992

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THE PUNJAB FINANCE ACT, 1992  
(VI of 1992) 
CONTENTS  
1. Short title, extent and commencement 
2. Amendment of Act II of 1899 
3. Amendment of Act X of 1958 
4. Amendment of Act XIV of 1973 
 
TEXT 
1
THE PUNJAB FINANCE ACT, 1992  
(VI of 1992) 
[29th June, 1992] 
An 
Act 
to continue and revise certain taxes and fees in the Punjab. 
Preamble.– Whereas, it is expedient to continue and revise certain taxes and fees 
in the Province of the Punjab; 
It is hereby enacted as follows:– 
1. Short title, extent and commencement .– (1) This Act may be called the 
Punjab Finance Act, 1992. 
(2) It shall come into force on the first day of July 1992, except Section 3 
which shall come into force at once. 
(3) It shall extend to the whole of the Punjab. 
2. Amendment of Act II of 1899.– In the Stamp Act, 1899 (II of 1899),– 
(i) in section 29, in clause (c), after the word “grantee”, the words “and 
grantor in equal shares” shall be inserted; and  
(ii) in Schedule I, in Article 23, for clause (b), the following shall be 
substituted– 
“(b) In case of 
immovable 
property in an 
urban area. 
Rupees eight and a half for every rupees one 
hundred or part thereof if the total value of the 
property does not exceed rupees three hundred 
thousand and rupees ten for every rupees one 
hundred or part thereof if the total value of the 
property exceeds that amount.” 
3. Amendment of Act X of 1958 .– In the Punjab Entertainments Duty Act, 1958 
(X of 1958),– 
(1) in section 2, for clause (d), the following shall be substituted:– 
“(d) „Entertainment‟ includes any exhibition, performance, 
amusement or horse racing to which persons are admitted on 
payment;”; 
(2) in section 3, in sub-section (1)– 
(i) for the words “one hu ndred percent”, the words “sixty -five 
percent” shall be substituted; and 
                                                                 
1This Act w as passed by the Punjab Assembly on 25th June, 1992; assented to by the Governor of the Punjab on 28th June, 
1992; and w as published in the Punjab Gazette (Extraordinary), dated 29th June, 1992, Pages 2959-C to 2959-F. 
 (ii) for the last proviso, the following shall be substituted:– 
“Provided further that if the amount of duty at the 
aforementioned rate is not a multiple of ten paisas, the amount 
of duty shall be rounded to the next higher multiple of ten 
paisas.”; 
(3) after section 3, the following new section 3-A shall be added:– 
“3-A. Duty on special classes of entertainments .– Notwithstanding 
the provisions of section 3, the duty on the entertain ments mentioned 
below in column No. 2 shall be charged at the rates mentioned against 
each in column No. 3:– 
S.No. Entertainment Rate of duty 
1 2 3 
1. Admission to recreational parks, 
amusement parks, fun lands and 
other similar recreational spots. 
(a) No duty for the first two years of the 
functioning of such entertainments;  
  (b) ten percent of the payment for 
admission during the next two years; 
and 
  (c) twenty-five percent of the payment 
for admission thereafter. 
2. Stage drama Fifty percent of th e payment for 
admission. 
3. Admission to horse racing.  Hundred percent of the payment for 
admission.” 
(4) In Section 4, after the existing proviso, the following further proviso 
shall be added:– 
“Provided further that no duty on admission to an entertain ment shall be 
charged from a bona fide proprietor of that entertainment or his spouse or children 
subject to a maximum of four persons in a show.”. 
4. Amendment of Act XIV of 1973 .– In the Punjab Finance Act, 1973 (XIV of 
1973)– 
(1) section 4 shall be omitted. 
(2) in the Second Schedule, for entries against serial Nos. 1 to 5, the 
following shall be substituted:– 
“1. Fee for the test of competence to drive under sub-rule (3) of rule 
8– 
Sr. No. Vehicle  Rs. 
(i) Motor Cycle 30.00 
(ii) Motor Cycle Rickshaw  30.00 
(iii) Motor Cab Rickshaw  30.00 
(iv) Motor Car 100.00 
(v) Motor Cab/Taxi 40.00 
(vi) Delivery Van 40.00 
(vii) Light Transport Vehicle  50.00 
(viii) Heavy Transport Vehicle  60.00 
(ix) Light Transport Vehicle (P.S.V.)  50.00 
(x) Heavy Transport Vehic le (P.S.V.)  60.00 
(xi) Locomotive 100.00 
(xii) Tractor 40.00 
(xiii) Road Roller 100.00 
(xiv) Invalid Carriage 20.00 
(xv) Any other category  40.00 
 2. Fee for issue of driving licence under clause (i) of rule 26– 
Sr. No. Vehicle  Rs. 
(i) Motor Cycle 50.00 
(ii) Motor Cycle Rickshaw  50.00 
(iii) Motor Cab Rickshaw  50.00 
(iv) Motor Car 100.00 
(v) Delivery Van 60.00 
(vi) Light Transport Vehicle  80.00 
(vii) Heavy Transport Vehicle  100.00 
(viii) Locomotive 140.00 
(ix) Tractor 40.00 
(x) Road Roller 100.00 
(xi) Invalid Carriage 20.00 
(xii) Any other category  40.00 
 3. For renewal of driving licence under clause (ii) of rule 26– 
 
 
a) If paid within thirty days from the day of 
the expiry of a licence.  
same as for the issue of a 
licence under serial No. 2  
above. 
b) If paid after thirty days but within ninety 
days of the expiry of a licence.  
a sum equal to the fee under 
item (a) above plus 50% thereof.  
c) If paid after ninety days but within one 
year of the expiry of a licence.  
a sum equal to double the f ee 
prescribed under item (a) above.  
d) If paid after one year of the expiry of a 
licence. 
a sum equal to the fee under 
item (c) above plus 25% thereof.  
4. Fee for a duplicate licence under sub -
rule (6) of rule 13, sub -rule (4) of rule 14 
and sub-rule (4) of rule 15.  
a sum equal to the fee 
prescribed for the issue of a 
licence under serial No. 2 
above. 
5. (i) Fee for learner‟s driving licence under 
sub-rule (2) of rule 19.  
Rs. 40.00 
 (ii) Fee for renewal of a learner‟s driving 
licence under sub -rule (4) of rule 19.  
Rs. 20.00