Following states impose this levy in india karnataka, west bengal, andhra pradesh, telangana, maharashtra, tamil nadu, gujarat, assam. In this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Professional tax slab west bengal for the financial year 20192020 for monthly salary and wages. Due diligence is exercised in compiling the information by collecting it from various state and other sites. Have a look at the past 25 years income tax slab rates for individuals in india. May 21, 2012 professional tax rules in gujarat like slab, date of payment and return filing procedure.
Mar 27, 2020 professional tax interest on non payment on of professional tax, article 276. P rofession tax is a tax levied on a person engaged in any profession, trade, calling and employment in west bengal. Frequently asked question on profession tax pt in maharashtra. Schedule to the west bengal state tax on professions, trades, callings and. Forms in excel fillable pdf format finotax tax slabs. West bengal for the year 2012 is being brought out. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. The karnataka tax on professions, trades, callings and. West bengal, andhra pradesh,telangana,maharashtra, tamil nadu, gujarat, assam. In his address, he commented on the fiscal performance of the state in 201112 and laid out his budget proposals for 2012. Jan 24, 20 plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. West bengal professional tax slabs, rates, registration. Schedule to the west bengal state tax on professions. Final dividend on equity shares for the financial year 2012.
Professional tax is compulsory and is levied on any working. New professional tax slab in west bengal, 2014 updated on january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. The tamil nadu professional tax slab rate is different for different categories of income. Moreover, the state may change the tax rates every year. Each state government revises its professional slab tax rates at regular intervals, usually on yearly basis. Clause 2 of article 276 gives power to the state to levy professional tax.
Nonpayment or late payment of profession tax penalty is equal to 10% of the amount of tax to be imposed. Jul 20, 2018 evermotion archmodel 102 pdf soho rep writers lab app. Similarly, west bengal taxation tribunal has been established for. Earnings before interest, tax, depreciation and amortisation. In achieving technical and professional excellence, tcs. E municipalities experienced improvement in coverage by 10 percentage. Income tax slab rates for last 25 years in india 199293.
My questions is do i need to pay professional tax two times if i have my own business and also if i am employed at the. Tax authority is in the best position to administer the system of tax deductibility, including. The state government levies tax on the income received by way of employment, profession, calling or trade, called as professional tax. In this post, we will discuss the relative changes in the tax slab for 201617 for different entities. Actxlix of 1994 or the west bengal value added tax act,2003 west ben. However, inadvertent errors omissions are not ruled out. Professional tax is charged by respective municipal corporations and most of the states in india charge this tax. Maharashtra government has presented its additional budget on 05th june 2014 through its deputy chief minister and finance minister shri ajit pawar in his budget fm has increased minimum salary limit for profession tax from rs.
Important due dates for tds, tcs, vat, cst, pf, pt. In india, the professional tax is imposed at the state level. Professional tax slabs and rates 2012 0 in west bengal. Schedule to the west bengal state tax on professions, trades. The professional tax slab rates for the financial year 2018 2019 are. Size classwise analysis of states urban services in west bengal reveals that, in spite of.
Group insurance scheme 1987 table of benefits, 2012. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions. I am already paying professional tax of rs 2400year for my business. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Professional tax slab rate form challan in west bengal 2012 20 faqs of pf in west bengal want to know professional tax rate in west bengal w. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Jan, 2010 please provide the professional tax slab rates for the below mentioned states 1 andra pradesh 2 assam 3 goa 4 gujarat 5 karnataka 6 meghalaya 7 madhyapradesh 8 rajasthan 9 tamil nadu 10 uttarakand income tax tax queries.
Income tax slab in india for fy 20172018 information about latest tax brackets or current tax slabs in india with new income tax slab budget 2017 for women, senior citizen, pensioners and individual with cess rate. Income tax slabs in india, new income tax slab 2018 budget rate. New professional tax slab in west bengal, 2014 wbxpress. Government of west bengal directorate of commercial taxes 14, beliaghata road, kolkata700015.
The directorate administers distribute trade part of the commodity tax, which. Dear elsa, please click on the below link for information on pt slabs etc. Jan 08, 2019 new professional tax slab in west bengal, 2014 updated on january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. Act xxvii of 2003 during the immediately preceding year. Professional tax is levied through predetermined slab rates by the respective states. Professional tax maharashtra professional tax slab in. Mentioned below is the revised rates of west bengal professional tax for the financial year 20152016. Profession al tax slabs west bengal, tax slab for indian states. Profession tax penalties delays in obtaining enrollment, a penalty of rs. Income tax slab in india for fy 20172018 information about latest tax brackets or current tax slabs in india with new income tax slab budget 2017 for women. West bengal professional tax wb ptax rates, slabs, act. System of automatic increase in limit of number of waybills through.
The west bengal state tax on profession, trades, callings and. What is professional tax and professional tax slab rate in. Jan 12, 2010 what is the professional tax slab in mp f. Section 30e of the west bengal value added tax act, 2003 requires certain categories of. Important due dates tds return,tcs,vat cst, professional tax. What is the professional tax slab of west bengal for the financial year 20102011. Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. Latest income tax slabs in india fy 201617 or as 201718. All about west bengal professional tax slab rate in india. However, employees with a monthly gross salary above rs. The karnataka tax on professions, trades, callings and employments act, 1976.
Persons being individuals engaged in any profession. Vat audit report in form 88 for the year 2011 2012 1. The place where i work also deduct professional tax of rs 2400 year from my salary. In this post, we will discuss the relative changes in. Latest income tax slabs and rates for fy 2012 and as 2014. For normal category the simple calculation is as follows. Professional tax is a tax levied on the income earned by salaried employees and professionals, including chartered accountants, doctors and lawyers, etc. Apr 23, 2020 as per the karnataka professional tax slab rates, all individuals with a monthly gross income less than rs. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Income tax slabs in india, new income tax slab 2018 budget.
Tax collected at source tdstcs from corporates or noncorporates for filing returns. Schedule of rates of tax on professions, trades, callings and employments. Professional tax slab rates in different states updated. Professional tax is the tax by the state governments in india. Co detailsslabs of professional tax in assam as on 2012 xls download. Taxable income in 10% slab maximum tax will be rs 32000. Professional tax deductiont from salaryus16iii simple. Latest income tax slabs and rates for fy 2012 and as. Repairing of motor vehicle etc has come within special slab rate ur 302.
As the professional tax levied by each state differs, the maximum amount that karnataka state can charge is rs. Preface the annual administrative report of the directorate of commercial taxes, west bengal for the year 2012 is being brought out. Every person engaged actively or otherwise in any profession, trade, callings or employment and falling under one or the other of the classes mentioned in the second column of schedule i appended to profession tax act, is liable to pay profession tax. In relation to remuneration, commission or any other charge, by whatever name called, relating to his profession or calling in west bengal, receivable by him during the immediately. Jan 08, 2019 government of west bengal finance department audit branch. Different states have varying methods of calculating professional tax. Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref. Monthly salary gross amount to be paid as professional tax per month.
Employees group insurance scheme, 1987 table of benefits under savings fund for the year of cessation of membership 2012. The west bengal state legislature enacted the west bengal state tax on professions, trades, callings and employments act, 1979 in exercise of the power conferred by the article 276 of the constitution of india under entry no. West bengal budget 2012 the minister of finance presented the general budget 2012 to the state assembly on the 23rd of march, 2012. Government of west bengal directorate of commercial taxes 14. This document presents a brief comparative analysis of the budget. What is the slab of professional tax of assam answers. Professional tax in west bengal is governed by the west bengal state tax on professions, trades, callings and employment act, 1979. Finotax offers to its users visitors various tax and other commonly used forms compiled in microsoft excel and or fillable pdf formats which you can fill before print on your pc. This site makes no claim that the information available on its pages is correct and or uptodate. However, not all the states impose this tax, the following states impose this levy in india karnataka, west bengal, andhra pradesh, maharashtra, tamilnadu, gujarat, and madhya pradesh. Latest income tax slabs and rates for fy 2012 and as 2012. Professional tax is the tax charged by the state governments in india.
Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Oct 22, 2012 professional tax is charged by respective municipal corporations and most of the states in india charge this tax. There are lot of changes in tax rates and cess in the last 25 years. Providing false information regarding enrollment penalty of 3 times of tax amount.
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