answersLogoWhite

0

What is Library cess?

Updated: 8/19/2022
User Avatar

Wiki User

9y ago

Best Answer

Library cess is the mechanism by which the state government collect revenue for the functioning of public libraries in the state.

Library cess is a kind of tax which is levied on the house/property tax, usually it ranges between 5%-10%.For instance, if you buy a land for 1 lakh of rupees and the property tax is 10% and the library cess over it is 5%.Then,the tax alone will amount to 10 thousand and cess will 5% of 10000,that is,500 rupees. Then the total amount you will have to pay is rupees 1,10,500 out of which rupees 500 will go in the budget of libraries.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is Library cess?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Full form of cess?

cess


What does cess?

cess,ceed, cede


What is SHE CESS?

Its full Form is Secandary and Higher Education Cess (SHE Cess) . it is additional Cess imposed by govt. to pramote higher education


What does cess mean?

cess,ceed, cede


Is cess in Kamothe Navi Mumbai and where is office of cess in navi mumbai?

cess office address


When did Robert cess die?

I am alive. Robert Cess


What is the population of River Cess?

River Cess's population is 2,578.


What is full form of cess tax?

What is Cess Tax?? is there any full form of CESS?? OR its just word related to Tax??


What does the root word cess mean?

cess means go, seperate, or withdraw


What is full form of CESS?

CESS is a synonym for tax, duty, fee, etc. When tax is applied to income, its called INCOME TAX... When tax is applied to goods, its called DUTY, say, EXCISE DUTY, CUSTOMS DUTY, etc... When tax is applied to a particular purpose, its called CESS, say, EDUCATION CESS, HIGHER & SECONDARY CESS...


What are the difference between tax and cess?

Tax is calculated as a percent from income/transaction. Cess is calculated on tax. Example: Income: 1,00,000 Tax: 10% Cess: 5% Tax= 10% of 1,00,000= 10,000 Cess= 5% of tax= 5% 0f 10,000= 500


What is mean by labor cess?

As a matter of fact the Contractor has to pay minimum of 1% and Maximum of 2% Cess as fixed by the appropriate Government. The Cess is to be calculated from the Work done during the financial year or if the work period is less than 1 year then the cost of project will be considered for calculating the Cess. The cess paid will normally be reimbursed by the Principal Employer on actuals.