Forms in excel fillable pdf format finotax tax slabs. What is professional tax and professional tax slab rate in. Professional tax is charged by respective municipal corporations and most of the states in india charge this tax. Please use the information at your own risk and responsibility. Co detailsslabs of professional tax in assam as on 2012 xls download. Each state government revises its professional slab tax rates at regular intervals, usually on yearly basis. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. 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. All about west bengal professional tax slab rate in india.
Have a look at the past 25 years income tax slab rates for individuals in india. Dear elsa, please click on the below link for information on pt slabs etc. Income tax slab rates for last 25 years in india 199293. Professional tax is the tax charged by the state governments in india. Jan 08, 2019 government of west bengal finance department audit branch. In this post, we will discuss the relative changes in. West bengal professional tax wb ptax rates, slabs, act. What is the slab of professional tax of assam answers. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Group insurance scheme 1987 table of benefits, 2012. Preface the annual administrative report of the directorate of commercial taxes, west bengal for the year 2012 is being brought out. Schedule to the west bengal state tax on professions. Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref.
Government of west bengal directorate of commercial taxes 14, beliaghata road, kolkata700015. Nonpayment or late payment of profession tax penalty is equal to 10% of the amount of tax to be imposed. Professional tax is a tax levied on the income earned by salaried employees and professionals, including chartered accountants, doctors and lawyers, etc. Employees group insurance scheme, 1987 table of benefits under savings fund for the year of cessation of membership 2012. This document presents a brief comparative analysis of the budget. Section 30e of the west bengal value added tax act, 2003 requires certain categories of. Jan 24, 20 plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. The karnataka tax on professions, trades, callings and. Profession tax penalties delays in obtaining enrollment, a penalty of rs. 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. Schedule of rates of tax on professions, trades, callings and employments. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, lawyer, doctor etc.
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 is compulsory and is levied on any working. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. As the professional tax levied by each state differs, the maximum amount that karnataka state can charge is rs. Latest income tax slabs and rates for fy 2012 and as 2014. In achieving technical and professional excellence, tcs. May 21, 2012 professional tax rules in gujarat like slab, date of payment and return filing procedure.
Actxlix of 1994 or the west bengal value added tax act,2003 west ben. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. 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. Anyone engaged in a trade or profession is liable to pay this tax. In this post, we will discuss the relative changes in the tax slab for 201617 for different entities. Size classwise analysis of states urban services in west bengal reveals that, in spite of. Final dividend on equity shares for the financial year 2012. This site makes no claim that the information available on its pages is correct and or uptodate. Income tax slabs in india, new income tax slab 2018 budget rate. Vat audit report in form 88 for the year 2011 2012 1. All working and selfemployed professionals whose monthly income is above rs. Professional tax slabs for indian states sensys blog. System of automatic increase in limit of number of waybills through.
Earnings before interest, tax, depreciation and amortisation. In india, the professional tax is imposed at the state level. 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. Monthly salary gross amount to be paid as professional tax per month. This is one of the major sources of revenue for the state. The professional tax slab rates for the financial year 2018 2019 are. The karnataka tax on professions, trades, callings and employments act, 1976. E municipalities experienced improvement in coverage by 10 percentage. 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.
Schedule to the west bengal state tax on professions, trades, callings and. 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. Professional tax deductiont from salaryus16iii simple. Persons being individuals engaged in any profession. There are lot of changes in tax rates and cess in the last 25 years. 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. For normal category the simple calculation is as follows. Clause 2 of article 276 gives power to the state to levy professional tax. Income tax slabs in india, new income tax slab 2018 budget. Profession al tax slabs west bengal, tax slab for indian states.
Due diligence is exercised in compiling the information by collecting it from various state and other sites. Tax authority is in the best position to administer the system of tax deductibility, including. Mentioned below is the revised rates of west bengal professional tax for the financial year 20152016. The west bengal state tax on profession, trades, callings and. I have my own business and i am also doing a job in another company.
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. Jul 20, 2018 evermotion archmodel 102 pdf soho rep writers lab app. Professional tax is a tax collected by the state government in india. The directorate administers distribute trade part of the commodity tax, which. 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. Providing false information regarding enrollment penalty of 3 times of tax amount. Different states have varying methods of calculating professional tax. What is the professional tax slab of west bengal for the financial year 20102011. However, employees with a monthly gross salary above rs. Following states impose this levy in india karnataka, west bengal, andhra pradesh, telangana, maharashtra, tamil nadu, gujarat, assam.
Moreover, the state may change the tax rates every year. 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. Professional tax in west bengal is governed by the west bengal state tax on professions, trades, callings and employment act, 1979. 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. Professional tax slab rates in different states updated.
Schedule to the west bengal state tax on professions, trades. P rofession tax is a tax levied on a person engaged in any profession, trade, calling and employment in west bengal. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Apr 23, 2020 as per the karnataka professional tax slab rates, all individuals with a monthly gross income less than rs. West bengal budget 2012 the minister of finance presented the general budget 2012 to the state assembly on the 23rd of march, 2012. Professional tax is levied through predetermined slab rates by the respective states. I am already paying professional tax of rs 2400year for my business. 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. 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. Latest income tax slabs and rates for fy 2012 and as. Mar 27, 2020 professional tax interest on non payment on of professional tax, article 276.
Frequently asked question on profession tax pt in maharashtra. New professional tax slab in west bengal, 2014 wbxpress. Professional tax is the tax by the state governments in india. Jan 12, 2010 what is the professional tax slab in mp f. Professional tax slab west bengal for the financial year 20192020 for monthly salary and wages. Important due dates tds return,tcs,vat cst, professional tax.
Taxable income in 10% slab maximum tax will be rs 32000. The tamil nadu professional tax slab rate is different for different categories of income. Act xxvii of 2003 during the immediately preceding year. Oct 22, 2012 professional tax is charged by respective municipal corporations and most of the states in india charge this tax. However, inadvertent errors omissions are not ruled out. Important due dates for tds, tcs, vat, cst, pf, pt, service. Important due dates for tds, tcs, vat, cst, pf, pt. 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. West bengal, andhra pradesh,telangana,maharashtra, tamil nadu, gujarat, assam. Latest income tax slabs in india fy 201617 or as 201718. West bengal for the year 2012 is being brought out. Similarly, west bengal taxation tribunal has been established for.
Professional tax maharashtra professional tax slab in. The state government levies tax on the income received by way of employment, profession, calling or trade, called as professional tax. Government of west bengal directorate of commercial taxes 14. Latest income tax slabs and rates for fy 2012 and as 2012. Tax collected at source tdstcs from corporates or noncorporates for filing returns. The place where i work also deduct professional tax of rs 2400 year from my salary.
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