Explanation: for this part, actual rent means annual rent agreed between the parties.
1. Plot area in square yards,
2. Covered area in square feet,
1.Provided that passageways, washrooms, and other public utilities shall not be counted while calculating/counting the covered area
2. Provided further that open sheds and verandas shall be counted as half of its total measurement while calculating covered area.
Covered area in square feet (b) multiplied by locality factor (c) (bxc)
Provided that, the above tax rates shall be leviable in provincial headquarter only, that is for Peshawar. There shall be a rebate of 20% in respect of divisional headquarters and 30% rebate on the tax in respect of all remaining districts of the Province.
1. The tax shall be calculated based on the covered area only. The area of the plot as required per item 5(a) above shall not be taken for computing the tax. This is to encourage the institutions in providing sports and other recreational facilities to their students; and
2. The tax calculated based on (a) above shall get a special thirty percent rebate, being provided to all the educational institutions.
1. Industrial buildings within the limits of rating areas shall be assessed for the purpose of this tax at a flat rate of Rs. 2.50 per square foot of the each building in factory area. The provision of item 5(b) above shall be applicable to all the factory areas as well.
2. Provided that, all the residential buildings, Colonies, Hostels, Mess, schools, etc within the premises of the industrial compound shall be assessed and taxed as per existing Schedule-I (For residential buildings) of the Act. Similarly, all commercial buildings other than factory area including workshops, shops, godowns, Banks, petrol pumps, factory offices, mobile towers, etc situated within the industrial compound shall be assessed and taxed as per clause 3 to six above.
Explanation: for this clause, the factory area shall mean a building or group of buildings wherein finished, semi-finished or raw goods are manufactured, processed, stock filed, or assembled.