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Tamil Nadu Cabinet Approved 7th Pay Commission, Know Your New Salaries

13 October 2017

After tumultuous weeks of protest, the Tamil Nadu government finally made a decision to reduce the Entertainment tax (local body tax) from 10% to 8%.

The filmmakers demanded the local body tax be completely abolished.

A 180-ml alcohol bottle would now be costlier by Rs 12, while the price of beer would go up by Rs 10, an official with the state liquor retailing company TASMAC said.

Following opposition to the entertainment tax, theatres in Tamil Nadu did not release any new movie. "We have requested the government to consider reducing the tax on films of other languages".

Hopefully, now that the conflict has been resolved, the two parties can peace and the theatrical work can begin, so that the movies can be released at least by Diwali so that people can enjoy their day by watching movies and don't have to pay the price for this feud.

According to new regulations, multiplexes in Tamil Nadu can charge a maximum of Rs 150 and a minimum of Rs 50, AC single screens can charge a maximum of Rs 100 and a minimum of Rs 40, while non-AC single screens can charge a maximum of Rs 80 and a minimum of Rs 30.

"Cinema should not be an expensive affair for a family, it must be affordable", the Tamil film producers body chief said. e and Abirami Ramanathan said also food products in cinema halls will be sold only on MRP.

Shares of PVR and Inox Leisure gained 5-7 percent intraday on Friday as investors cheered cut in entertainment tax in Tamil Nadu. "Audience don't have to pay more at ticket counters than the rates fixed by the government". Movie ticket prices were capped at Rs 120 earlier.

Tamil Nadu Cabinet Approved 7th Pay Commission, Know Your New Salaries