After a sub-lot is sold its final value is calculated by taking into effect its sale value and adding different Govt. taxes and duties in the following manner:-
Sale Value: Sale value is calculated by multiplying the volume (Cft) of timber in the sub-lot with its rate arrived & realized.
Duty: Duty is calculated at the rate of Rs. 150 per cft for Deodar, 130/cft for Kail & Rs.100/cft for Fir Spruce
Forestry Development Fund (FDF): FDF is charged at the rate of Rs. 100/cft for Deodar,Rs. 80/cft for Kail, Rs. 60/cft for Chir. FDF for balliesis Rs. 10/bally.
Sale Tax: Sale Tax is calculated at the prescribed rates which is currently 17% of total amount i.e (sale value + duty + FDF).
Income Tax: Income tax is deducted @ 10% of the sale value.
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