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of <h1>Constitution (60th Amendment) Act, 1988: Raises Tax Ceiling on Professions from 250 to 2,500 to Reflect Economic Changes.</h1> The Constitution (60th Amendment) Act, 1988 aims to amend clause (2) of Article 276 of the Constitution, which limits the annual tax on professions, trades, callings, and employments to 250 rupees per person. This ceiling, set in 1949, is considered outdated due to inflation and economic changes. The amendment proposes increasing the maximum tax to 2,500 rupees per annum to address its regressive nature and enable state governments to generate additional revenue. The amendment also seeks to remove the proviso allowing higher rates if such taxes were in place before the Constitution's commencement.
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