PUNJAB FINANCE ACT, 1994

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THE PUNJAB FINANCE ACT, 1994  
(VI of 1994) 
CONTENTS 
1. Short title, extent and commencement 
2. Amendment of Act II of 1899 
3. Amendment of Act V of 1958 
4. Amendment of Act XXXII of 1958 
5. Amendment of Act XIV of 1973 
6. Repealed 
SCHEDULE 
 
TEXT 
1
THE PUNJAB FINANCE ACT, 1994 
(VI of 1994) 
[29th June, 1994] 
An 
Act 
to levy and revise the rates of certain taxes, duties and fees in the Punjab. 
Preamble.– Whereas it is expedient to levy and revise the rates of certain taxes, 
duties and fees in the Punjab; 
It is hereby enacted as follows:– 
1. Short title, extent and commencement .– (1) This Act may be called the 
Punjab Finance Act, 1994. 
(2) It shall extend to the whole of the Punjab. 
(3) It shall come into force on and from the first day of July, 1994. 
2. Amendment of Act II of 1899 .– In the Stamp Act, 1899 (II of 1899) in section 
27–A, i n sub-section (1), after the words “ article 31” the words “or sub -article (b) of 
article 33” shall be inserted. 
3. Amendment of Act V of 1958 .– In the Punjab Urban Immovable Property 
Tax Act, 1958 (V of 1958)– 
(i) in section 2 , in clause (i) the words and brackets “(not being a District 
Board)” shall be omitted; and 
(ii) in section 3 after sub -section (7) the following new sub -sections shall 
be added:– 
“(8) From the first day of July, 1994 for calculating tax on owner –
occupied properties the annual value sh all be increased by 
twenty–five per cent of the annual value existing on the said 
day. 
(9) Additional tax at the rate of twenty –five per cent of the tax 
payable shall be charged on owner -occupied property built on a 
plot measuring two kanals or more or hav ing a covered area 
exceeding six thousand square feet.” 
4. Amendment of Act XXXII of 1958 .– In the Punjab Motor Vehicles Taxation 
Act, 1958 (XXXII of 1958)– 
                                                                 
1This Act w as passed by the Punjab Assembly on 27th June, 1994; assented to by the Governor of the Punjab on 28th June, 
1994; and, w as published in the Punjab Gazette (Extraordinary), dated 29th June, 1994, pages 201 to 205. 
(i) in section 3 in sub -section (1), for the full stop at the end of the third 
proviso a colon shal l be substituted and thereafter the following further 
proviso shall be added:– 
“Provided further  that tax for a motor cycle, a scooter or a motor cycle 
drawing a side trailer or cabin shall be levied lump sum once for all at the rate and 
time specified in the Schedule to this Act.”; and 
(ii) for the existing Schedule the Schedule given in the Schedule to this Act 
shall be substituted. 
5. Amendment of Act XIV of 1973 .– In the Punjab Finance Act , 1973 (XIV of 
1973) in the Second Schedule , for Serial No. 9 an d the entries against it the 
following shall be substituted:– 
“9. Registration fee under rule 42 shall be charged at the rate of half per 
cent of the value of the vehicle: 
Provided that– 
(i) vehicles meant for the invalid, ambulances and vehicles 
designed to be exclusively used to carry the dead shall be 
charged at the rate of Rs. 100; 
(ii) tractors shall be charged at the rate of Rs. 800; and 
(iii) temporary registration of any vehicle shall be charged at the rate 
of Rs. 200.” 
2
[6. * * * * * * * * * * *   ] 
                                                                 
2Deleted by the Punjab Finance Ordinance, 2000 (III of 2000), w .e.f.1.7.2000, s.9; an d published in the Punjab Gazette 
(Extraordinary), dated 30.6.2000, pages 587 -595, w hich w ill remain in force under the Provisional Constitution (Amendment) 
Order 1999 (9 of 1999), Article 4, notw ithstanding the maximum limit of three months prescribed und er Article 128 of the 
Constitution of the Islamic Republic of Pakistan. 
SCHEDULE 
(see section 4) 
“SCHEDULE 
(vide section 3 of the Motor Vehicles Taxation Act, 1958) 
S.No. Description of Motor Vehicles  Annual Rate of 
Tax 
1. (a) An amount of Rs. 800 /- shall be charged for motor -cycles and 
scooters once for all at the time of  registration. 
 
 (b) An amount of Rs. 1,200 /- shall be charged once for all at the 
time of registration from a motor -cycle drawing a side trailer or 
cabin. 
 
 (c) Tax shall be  charged once for all for motor cycles and scooters 
already registered and payin g tax according to the following 
scale: 
 
 Period for which tax has been paid  Scale   
 (i) not exceeding 3 years  Rs. 500/-  
 (ii) exceeding 3 years but not exceeding 
6 years 
Rs. 350/-  
 (iii) exceeding 6 years but not exceeding 
10 years 
Rs. 200/-  
 (iv) exceeding 10 years.  Rs. 100/-  
2. Vehicles (including tricycles) used for the transport or haulage of goods or materials – 
 (a) electrically propelled vehicles not exceeding 1250 kg ., in 
unladen weight; 
Rs. 100/- 
 (b) vehicles (including delivery vans) with maximum laden capacity 
up to 2030 kg .; 
Rs. 500/- 
 (c) vehicles with maximum laden capacity exceeding 2030 kg ., but 
not exceeding 4060 kg .; 
Rs. 820/- 
 (d) vehicles with maximum laden capacity exceeding 4060 kg ., but 
not exceeding 6090 kg .; 
Rs. 1240/- 
 (e) vehicles with maximum laden capacity exceeding 6090 kg ., but 
not exceeding 8120 kg .; 
Rs. 2440/- 
 (f) vehicles with maximum laden capacity exceeding 8120 kg ., but 
not exceeding 12000 kg .; 
Rs. 3680/- 
 (g) vehicles with long trailers or other vehicle s with maximum laden 
capacity exceeding  12000 kg. ; 
Rs. 5000/- 
3. Vehicles plying for hire and ordinarily used for the transport of passengers (taxis and buses) – 
 (a) tricycles propelled by mechanical power (rickshaw cabs) with 
seating capacity of not mo re than 3 persons ; 
Rs. 392/- 
 (b) motor vehicles with a seating capacity of more than 20 persons 
plying for hire exclusively within the limits of a Corporation, 
Municipality or Cantonment or partly within and partly outside 
such limits with sixty per cent  of the total length of the route 
falling within the limits of a Corporation, Municipality or 
Rs. 88/- 
per seat 
S.No. Description of Motor Vehicles  Annual Rate of 
Tax 
Cantonment; 
 (c) mini buses with a seating capacity of more than 6 and less than 
20 persons plying for hire exclusively within the limits of 
Corporation, Municipality or Cantonment ; 
Rs. 132/- 
per seat 
 (d) other vehicles with a seating capacity of –  
  (i) not more than 4 persons;  Rs. 520/- 
  (ii) more than 4 but not more than 6 persons ; Rs. 652/- 
  (iii) more than 6 persons.  Rs. 168/- 
per seat 
Explanation .– The seating capacity for the purpose of this clause does not include the seats meant 
for driver and conductor.  
4. Motor vehicles other than those mentioned above and having – 
 (a) seating capacity of not more than 3 persons.  Rs. 250/- 
 (b) seating capacity of more than 3 persons but not more than 6 
persons– 
 
  (i) with engine power not exceeding 1000 cc  Rs. 500/- 
  (ii) with engine power exceeding 1000 cc but not exceeding 
1300 cc.  
Rs. 700/- 
  (iii) with engine power exceeding 1300 cc but not 
exceeding 1600 cc.  
Rs. 1200/- 
  (iv) with engine power exceeding 1600 cc.  Rs. 1500/- 
 (c) seating capacity of more than 6 persons.  Rs. 225/- 
per seat 
Explanation I .– Station wagons and vans used for private purpose shall be taxed 
under this clause. 
Explanation II.– Motor vehicles taxed under this clause shall pay tax at the 
concessional rate of 75% of the payable tax on completion of 10 years of payment of 
tax after the date of registration.”.