Government has given a 50% entertainment tax concession to the producers of forthcoming magnum opus Pazhassi Raja, the costliest Malayalam film till date being made in Hindi, Telugu and Tamil with a whopping budget of over Rs. 25 crores.
Pazhassi Raja will have to pay only 12.5% as tax in corporation areas where entertainment tax on Malayalam films is 25%. In municipalities and panchayats also, where the tax is 20% and 10% respectively, the tax will be reduced by half. After the government reduced the tax, the producers have withdrawn their plea to increase the ticket rates.
Pazhassi Raja will have to pay only 12.5% as tax in corporation areas where entertainment tax on Malayalam films is 25%. In municipalities and panchayats also, where the tax is 20% and 10% respectively, the tax will be reduced by half. After the government reduced the tax, the producers have withdrawn their plea to increase the ticket rates.
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