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In case of non/late payment of profession tax, penalty will be 10% of the amount of tax. In case of late filing of returns, a penalty of Rs. 1000 per return will be imposed if you filed after due date in 1 month. After 1 month, a penalty of Rs. 2000 will be imposed. [3]
Penalty interest, also called penalty APR (penalty annual percentage rate), [1] default interest, interest for/on late payment, statutory interest for/on late payment, [2] [3] interest on arrears, or penal interest, in money lending and in sales contracts is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms.
Public libraries in New York began charging overdue fees in the late 1800s at a rate of 1 cent/day. That increased to 2 cents/day in 1954 and 5 cents/day in 1959. Before removing late fees in October 2021, the most common fee among New York City public libraries was 25 cents/day.
Interest can accrue from the latest of 30 days after the goods are supplied or the service is completed, 30 days after receipt of invoice (or the customer is told the amount due is payable). the agreed date for payment. The "statutory interest" rate chargeable, which is simple and not compound, is the Bank of England base rate plus 8%. The ...
Local government is not required to pay for health care insurance for government retirees. As of 2010, none do. [3] In 2011, researchers at Florida State University said that Florida's cities and counties have promised pensions they cannot afford. Pension obligations constituted 8% of total spending by local governments in 2009.
Karnataka was the first state in the country to enact the Panchayat Raj Act, incorporating all provisions of the 73rd Amendment to the Constitution. In 2014, Karnataka State Grama Panchayats Delimitation Committee was constituted by the government of Karnataka, with Chairman S G Nanjaiahna Mutt and 6 members.
The High Court is composed of the Chief Justice of Karnataka and other judges, who are appointed by the President of India. [1] As of February 2022, there are 45 judges in the High Court, [2] out of a sanctioned maximum strength of 62. [3]
Karnataka Legislative Assembly: Footnotes; The Council was established in 1881 for the Princely State of Mysore. The princely state was merged with the Dominion of India and became Mysore State in 1947; Mysore State was re-organized to its current territorial state in 1956 and renamed as Karnataka on 1 November 1973.