Punjab Government on Saturday decided to accept the long pending demand of Punjab Roadways, PRTC, private buses, mini buses unions to reduce tax structure on transport.
A spokesman of the Punjab Transport Department said that tax slash issue was discussed by the Cabinet and it was decided to constitute a three-member committee of Punjab Transport Minister Ajit Singh Kohar, Finance Minister Parminder Singh Dhindsa and Irrigation Minister Sharanjit Singh Dhillon to look into the issue.
Tax on Mini Buses has been slashed from Rs50,000 to Rs30,000 annually whereas Punjab Roadways, PRTC, private buses tax have been reduced from Rs3.03 to Rs2.73 per bus per kilometer per day. Tax Holidays have been increased from five to six days also.
The spokesman said that Punjab Government has decided to waive off Motor Vehicle Tax for 10 days for those buses, which did not run during the protest against sacrilege incidents in the State.
This decision would be applied on Punjab Roadways, PUNBUS, PRTC and other private buses.