PUNJAB FINANCE ACT, 1996

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THE PUNJAB FINANCE ACT, 1996 
(V of 1996) 
CONTENTS 
1. Short title, extent and commencement 
2. Amendment of Act VII of 1870 
3. Amendment of Act II of 1899 
4. Amendment of Act I of 1965 
5. Amendment of Act XIV of 1973 
6. Amendment of Act XV of 1977 
7. Amendment of Act VI of 1995 
8. Repealed 
9. Repealed 
SCHEDULES 
1. FIRST SCHEDULE 
2. SECOND SCHEDULE 
 
TEXT 
1
THE PUNJAB FINANCE ACT, 1996 
(V of 1996) 
[26th June, 1996] 
An 
Act 
to levy and enhance the rates of certain taxes, duties and fees in the Punjab. 
Preamble.– Whereas it is expedient to levy and enhance 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, 1996. 
(2) It shall extend to the whole of the Punjab. 
(3) It shall come into force on the first day of July, 1996. 
2. Amendment of Act VII of 1870 .– In the Punjab Court Fees Act, 1870 (VII of 
1870), in Schedule I, in A rticle 1, for the words “seven and a half” and “fifteen 
thousand”, the words “eight and a half” and “thirty four thousand” shall respectively be 
substituted. 
3. Amendment of Act II of 1899.– In the Stamp Act, 1899 (II of 1899),– 
(1) in Section 62,– 
(a) in sub-section (1), for the words “five hundred”, the words “one 
thousand” shall be substituted; 
(b) in sub -section (2), for the words “five hundred”, the words “one 
thousand” shall be substituted; 
(2) in Section 63, for the words “one hundred”, the words “tw o hundred” shall 
be substituted; 
(3) in Section 64, for the words “five thousand”, the words “ten thousand” shall 
be substituted; 
(4) in Section 65, for the words “one hundred”, the words “two hundred” shall 
be substituted; 
(5) in Section 66, for the words  “two hundred”, the words “four hundred” shall 
be substituted; 
(6) in Section 67, for the words “one thousand”, the words “two thousand” 
shall be substituted; 
(7) in Section 68, for the words “one thousand”, the words “two thousand” 
shall be substituted; 
(8) in Section 69, in clause (b), for the words “five hundred”, the words “one 
thousand” shall be substituted; 
(9) in Schedule I, in Article 47– 
(i) in Part A,– 
(1) in clause (1),– 
(a) in sub -clause (i), for the words “ten paisa” and “five 
paisa”, the words “three rupees” shall in each case be 
substituted; 
                                                           
1This Act was passed by the Punjab Assembly on 26th June, 1996; assented to by the Governor of the Punjab on 26th June, 1996; 
and, was published in the Punjab Gazette (Extraordinary), dated 26th June, 1996, pages 215-219. 
(b) in sub -clause (ii), for the words “ten paisa” and “five 
paisa”, the words “three rupees” shall in each case be 
substituted; 
(2) in clause (2),– 
(a) in sub -clause (i), for the words “thirty paisa” and 
“fifteen paisa”, the words “three rupees” shall in each 
case be substituted; 
(b) in sub-clause (ii), for the words “sixty paisa” and “thirty 
paisa”, the words “five rupees” and “three rupees” 
shall respectively be substituted; 
(ii) in Part B, in clause (1),– 
(a) in sub -clause (i), for the words “fifty paisa”, the words “five 
rupees” shall be substituted; 
(b) in sub-clause (ii), for the words “one rupee”, the words “eight 
rupees” shall be substituted; 
(iii) in Part C,– 
(i) in clause (a), for the words “five paisa ”, the words “three 
rupees” shall be substituted; 
(ii) in clause (b), for the words “twenty five paisa”, the words 
“three rupees” shall be substituted; 
(iv) In Part D, for the words “five paisa”, the words “three rupees” 
shall be substituted; 
(v) in Part E,– 
(a) in clause (i), for the words “ten paisa” and “five paisa”, 
the words “three rupees” shall in each case be 
substituted; 
(b) in clause (ii), for the words “twenty paisa” and “ten paisa”, 
the words “three rupees” shall in each case be 
substituted; 
(c) in clause (iii), for the words “forty paisa” and “twenty 
paisa”, the words “three rupees” shall in each case be 
substituted; 
(vi) in Part F, for the words “five paisa or more than one rupee”, 
the words “three rupees or more than eight rupees” shall be 
substituted. 
4. Amendment of Act I of 1965 .– In the Punjab Finance Act, 1965 (I of 1965), in 
Section 12, in sub -section (1), for the words “seven and a half”, the words “eight” shall 
be substituted. 
5. Amendment of Act XIV of 1973 .– In the Punjab Finance Act, 1973 (XIV of 
1973), in the Second Schedule, in serial number 9, for the word “half”, the word “one” 
shall be substituted. 
6. Amendment of Act XV of 1977.– In the Punjab Finance Act, 1977 (XV of 1977), 
in the Second Schedule, after serial number 6, the entr ies in the First Schedule to this 
Act shall be added. 
7. Amendment of Act VI of 1995 .– In the Punjab Finance Act, 1995 (VI of 1995), 
in Section 6, in sub -section (1), for the words “twenty five”, the word “fifty” shall be 
substituted. 
2
[8. Tax on private hospitals.–  *  *  *  *  *  *  *  *  *  *  *  *    ] 
                                                           
2Deleted by the Punjab Finance Ordinance, 2000 (III of 2000),  w.e.f. 1.7.20 00, s.11; and published in the Punjab Gazette 
(Extraordinary), dated 30.6.2000, pages 587-595, which will remain in force under the Provisional Constitution (Amendment) Order 
3
[9. Tax on services provided in hotels, restaurants, marriage and banquet halls.– * 
*  *  *  *  *  *  *  *  *  *  *  *] 
                                                                                                                                                                                           
1999 (9 of 1999), Article 4, notwithstanding the maximum limit of three months prescribed under Article 128 of the Constitution of the 
Islamic Republic of Pakistan. 
3Deleted by the Punjab Finance Ordinance, 2000 (III of 2000), w.e.f . 1.7.2002, s.11; and published in the Punjab Gazette 
(Extraordinary), dated 30.6.2000, pages 587 -595, which will remain in force under the Provisional Constitution (Amendment) Order 
1999 (9 of 1999), Article 4, notwithstanding the maximum limit of three months prescribed under Article 128 of the Constitution of the 
Islamic Republic of Pakistan. 
FIRST SCHEDULE 
(See Section 6) 
SECOND SCHEDULE 
(see section 3 of the Punjab Finance Act, 1977) 
Sr. 
No. 
Class of Persons Rate of 
Tax per 
annum 
1 2 3 
7. Persons owning a petrol pump–  Rs. 
  (i) within the limits of Municipal Corporations and on National 
Highways. 
5,000.00 
  (ii) within the limits of any Municipal Committee and Cantonment 
Board. 
3,000.00 
  (iii) out of the limits of any Municipal Corporation, Municipal 
Committee, Cantonment Board or on Highways. 
2,000.00 
8. Persons engaged in the medical profession and services as–   
  (i) Medical consultants or specialists 5,000.00 
  (ii) Registered medical practitioners and dental surgeons 1,000.00 
  (iii) Chartered accountants and auditors 2,000.00 
  (iv) Architects and builders 2,000.00 
  (v) Owners of beauty parlours, health clubs and gymnasiums 1,000.00