Calculation of Timber Value

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 offered rates.

Duty: Duty is calculated at the rate of Rs. 30 per cft.

Forestry Development Fund (FDF): FDF is charged at the rate of Rs. 10/cft for Deodar,Rs. 8/cft for Kail, Rs. 6/cft for Fir/Spruce and Rs. 4/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.