Professional tax

Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Goods and Services Tax - Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

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Compliance Under Profession Tax (West Bengal)

Goods and Services Tax - Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. Profession Tax is payable at the rates specified in the Profession Tax Schedule. For Tax Schedule Click Here- Profession Tax Rate Schedule West Bengal...

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Punjab Professional Tax, Punjab New Tax, Punjab State Development Tax

Goods and Services Tax - THE PUNJAB STATE DEVELOPMENT TAX ACT, 2018 Date of  Notification in the Official Gazette of Punjab Government : 19.04.2018 Date of received the assent of the Governor of Punjab: 16.04.2018 Official Website to Download the Act :  http://www.punjab.gov.in/ under the heading Acts, Rules and Notifications NOTE: This Act is applicable from t...

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All you want to know about Punjab State Development Tax Act, 2018 (Professional Tax)

Goods and Services Tax - Every employee or person doing business or profession in Punjab is liable to development tax if after deduction income is above maximum exemption limit i.e. Rs. 2,50,000/- at present as per Income Tax Act. Section 4 also mention ‘Income tax payee’ which creates confusion as Person with Total Income above Rs. 3,00,000/- is income tax p...

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Highlights of Maharashtra Budget 2018; PT amnesty & MVAT Changes

Goods and Services Tax - Amendments to Profession Tax Act- i. Responsibility to collect tax at source (TCS) on Organizations, Corporations, etc. ii. Attractive Scheme to be declared for One Time Payment of Tax (OTPT) for professionals. iii. Streamlining provisions for effective recovery of tax....

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Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

Goods and Services Tax - In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

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Revised Rates of Profession Tax in Andhra Pradesh

Goods and Services Tax - No Profession Tax on salaries less than 15,000/- (earlier applicable from Salary of Rs.5,000/- onwards). There are only two taxable slabs salaries between 15,001/- to 20,000/- PT Rs.150/- PM and salaries above Rs.20,000/- PT Rs.200/- PM....

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Professional tax to be imposed in Bihar

Goods and Services Tax - Bihar government has decided to impose professional tax on central and state governments officers and employees, Railways, boards and corporation on the pattern of Maharashtra, West Bengal and other states, official sources said today. The state assembly adopted the Bihar Profession, Trade, Livelihood and Employment Tax Bill, 2011, yester...

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Profession tax rate hiked in Delhi

Goods and Services Tax - A person earning over Rs 30,000 per month may have to pay a ‘professional tax’ of Rs 100-200 under new tax proposals unveiled by the MCD in its 2010-11 budget, which also envisaged a hike of five per cent in property tax rates. The civic agency will focus on Commonwealth Games 2010 related infrastructure and parking projects in the co...

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Maharashtra Govt Budget gives relief to small professional taxpayers; hikes VAT

Goods and Services Tax - In its recent Budget Maharashtra State Govt. And its Finance Minister offered a mixed bag for the industry, trade and individuals subjected to professional tax. Keeping in mind not the economic slowdown but the forthcoming State Assembly polls in October, the Finance Minister, Mr Dilip Walse Patil has announced exemption of salary upto Rs...

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Due date extended for filing PT returns without late fee in Maharashtra

Trade Circular No. 28T of 2018 - (19/10/2018) - Late fees is not payable for delayed return filing of Professional Tax (PT) Returns in Maharashtra by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 if  amount payable as per return been/shall be paid on or before the due date. The...

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Late fee for delayed filing of PTRC returns in Maharashtra waived

Trade Circular No. 15 of 2018 - (21/05/2018) - Maharashtra Government exempts whole of the late fee payable by the registered employer, in respect of the monthly or annual PTRC returns pertaining to the periods April 2016 to June 2018 is being exempted, subject to the fulfillment of eligibility condition....

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Punjab imposes Profession Tax on those having Business or Salary Income

Notification No.12-LegJ2018 - (19/04/2018) - Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax ...

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LLP & LLP partners liable to pay PT in Maharashtra from 01.04.2018

MAHARASHTRA ACT No. XXVI OF 2018. - (31/03/2018) - Maharashtra Profession Tax Act amended from 1.4.2018. Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs. 2,500/- per annum...

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Budget 2017: Amendments in Tax Laws in Maharashtra

Trade Cir No. 11T of 2017 - (20/04/2017) - The Acts and Rules, which are amended, vide budget 2017-18 in Maharashtra are as follows: 1. The Maharashtra Purchase Tax on Sugarcane Act, 1962(SCPT Act); 2. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act); 3. The Maharashtra Value Added Tax Act, 2002 (...

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Recent Posts in "Professional tax"

Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

Read More

Due date extended for filing PT returns without late fee in Maharashtra

Trade Circular No. 28T of 2018 (19/10/2018)

Late fees is not payable for delayed return filing of Professional Tax (PT) Returns in Maharashtra by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 if  amount payable as per return been/shall be paid on or before the due date. The aforesaid employers should submit the [...

Read More

Compliance Under Profession Tax (West Bengal)

Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. Profession Tax is payable at the rates specified in the Profession Tax Schedule. For Tax Schedule Click Here- Profession Tax Rate Schedule West Bengal...

Read More

Late fee for delayed filing of PTRC returns in Maharashtra waived

Trade Circular No. 15 of 2018 (21/05/2018)

Maharashtra Government exempts whole of the late fee payable by the registered employer, in respect of the monthly or annual PTRC returns pertaining to the periods April 2016 to June 2018 is being exempted, subject to the fulfillment of eligibility condition....

Read More

Punjab Professional Tax, Punjab New Tax, Punjab State Development Tax

THE PUNJAB STATE DEVELOPMENT TAX ACT, 2018 Date of  Notification in the Official Gazette of Punjab Government : 19.04.2018 Date of received the assent of the Governor of Punjab: 16.04.2018 Official Website to Download the Act :  http://www.punjab.gov.in/ under the heading Acts, Rules and Notifications NOTE: This Act is applicable from t...

Read More

All you want to know about Punjab State Development Tax Act, 2018 (Professional Tax)

Every employee or person doing business or profession in Punjab is liable to development tax if after deduction income is above maximum exemption limit i.e. Rs. 2,50,000/- at present as per Income Tax Act. Section 4 also mention ‘Income tax payee’ which creates confusion as Person with Total Income above Rs. 3,00,000/- is income tax p...

Read More

Punjab imposes Profession Tax on those having Business or Salary Income

Notification No.12-LegJ2018 (19/04/2018)

Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961. ...

Read More

LLP & LLP partners liable to pay PT in Maharashtra from 01.04.2018

MAHARASHTRA ACT No. XXVI OF 2018. (31/03/2018)

Maharashtra Profession Tax Act amended from 1.4.2018. Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs. 2,500/- per annum...

Read More

Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

Read More

Highlights of Maharashtra Budget 2018; PT amnesty & MVAT Changes

Amendments to Profession Tax Act- i. Responsibility to collect tax at source (TCS) on Organizations, Corporations, etc. ii. Attractive Scheme to be declared for One Time Payment of Tax (OTPT) for professionals. iii. Streamlining provisions for effective recovery of tax....

Read More

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