One acre of agricultural land in the city limits has been converted. How to calculate the tax?
If the agricultural land is converted property tax is to be paid. For the first 10760 Sq.ft. of vacant land, for 1 lakh at Rs. 100/-, further for the vacant land upto 43040 Sq.ft. for each lakh at Rs. 25/-, and for the vacant land above 43040 Sq.ft. for each lakh at Rs. 10/- should be calculated and paid.
