PREVIOUS
✖
New tax on mineral-bearing land 2025
April 12 , 2025
18 hrs 0 min
97
0
- The Tamil Nadu government is expected to generate an estimated additional revenue of ₹2,400 crore annually following the introduction of a new tax on the mineral-bearing land.
- The Government of Tamil Nadu enacted a new Act called “the Tamil Nadu Mineral Bearing Land Tax Act, 2024” for levy and collection of tax on mineral bearing land.
- As per the Act and Rules, the rate of mineral bearing land tax has been fixed for 32 minerals.
- The leaseholders of both major and minor minerals shall pay the mineral bearing land tax from April 4.
- The highest tax amount is ₹7,000 per tonne for Sillimanite, and the lowest tax is ₹40 per tonne for clay minerals.
Leave a Reply
Your Comment is awaiting moderation.