PT Slabs in India As of 2010

Total Page:16

File Type:pdf, Size:1020Kb

PT Slabs in India As of 2010 PT Slabs in India as of 2010 Maharashtra Karnataka (Bangalore) Gujarat (Ahmedabad) Andhra Pradesh (Hyd, Vizag) Tamil Nadu (Chennai City) Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Half Yearly Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm 6 mth gross sal 1/2 yr PT Upto 5000 Nil From 0 to 10000 Nil From 0 to 2999 Nil <5000 Nil Upto 21000 Nil From 5000 to 10000 Rs. 175 from 10000 to 15000 Rs. 150 pm From 3000 to 5999 20 From 5001 to 6000 60 From 21001 to 30000 Rs. 100 pm Above 10000 Rs. 200 Above 15000 Rs. 200 pm From 6000 to 8999 80 From 6001 to 10000 80 From 30001 to 45000 Rs. 235 pm [Rs. 300 for Feb] From 9000 to 11999 150 From 10001 to 15000 100 From 45001 to 60000 Rs. 510 pm For Gross Sals above Rs. 10000 PT will be Rs. 2500/- Above 12000 200 15001 to 20000 150 From 60001 to 75000 Rs. 760 pm per annum >20000 200 Above 75001 Rs. 1095 pm Due date: 21st of subsq month Due date: 20th of subsq month Due date: 15th of subsq month Due date: 15th of susq month Due date: Sep 10th & Feb 10th Late pymt penalty: Int 2% pm Late pymt penalty: Int 1.25% pm Late pymt penalty: Int 2% pm Late pymt penalty: Int ___% pm Late pymt penalty: Int ___% pm Updated wef April 2010 Updated wef April 2010 Updated wef April 2010 Updated wef April 2010 Updated wef April 2010 Madhya Pradesh (Bhopal, Indore) West Bengal (Kolkata) Manipur Orissa (Bhubaneshwar) Kerala (Cochin) Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Half Yearly Annual Salary/ Wages PT PER ANNUM Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm 6 mth gross sal 1/2 yr PT <300,000 Nil <Rs. 3000 Nil <1250 Nil <5000 Nil Upto 11,999/- Nil From 300000 - 500000 Rs. 1000 Rs. 3,001 to Rs.5,001 Rs. 30 pm From 1251 to 1667 16 5000 to 5999 30 12,000/- 17,999/- 120 (Rs. 83 pm & Rs. 87 in last mth) Rs. 5,001 to Rs.6,001 Rs. 40 pm From 1668 to 2500 37 6000 to 7999 50 18,000/- 29,999/- 180 From 500000 - 800000 Rs. 2000 Rs. 6,001 to Rs.7,001 Rs. 45 pm From 2501 to 3333 50 8000 to 9999 75 30,000/- 44,999/- 300 (Rs. 167 pm & Rs 163 in last mth) Rs. 7,001 to Rs.8,001 Rs. 50 pm From 3334 to 4167 62 10000 to 14999 100 45,000/- 59,999/- 450 > 800000 Rs. 2500 Rs. 8,001 to Rs.9,001 Rs. 90 pm From 4168 to 5000 75 15000 to 19999 150 60,000/- 74,999/- 600 (Rs. 208 pm & Rs 212 in last mth) Rs. 9,001 to Rs.15,001 Rs 110 pm From 5001 to 6250 91 > 20000 200 75,000/- 99,999/- 750 Rs. 15,001 to 25001 Rs. 130 pm From 6251 to 8333 133 1,00,000/- 1,24,999/- 1000 Rs. 25001 to 40001 Rs. 150 pm From 8334 to 10417 183 1,25,000/- and above 1250 >Rs. 40001 Rs. 200 pm >10418 209 Due Date Due Date Due date: Jan 30th Due date: 30th of subsq mth Due Date: Aug 30th & Feb 28th Late pymt penalty: Int ___% pm Late pymt penalty: Int 1% pm Late pymt penalty: Int ___ pm Late pymt penalty: Int ___ pm Late pymt penalty: Int ___% pm Updated wef April 2010 Updated wef April 2010 Updated wef Updated wef Updated wef Assam (Guwahati) Tripura Chattisgarh Meghalaya Pondicherry Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Half Yearly Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm Half yrly Income PT pm <3499 Nil <2500 Nil <12500 Nil < 5000 Nil <299 Nil from 3500 to 4999 Rs. 30 From 2501 to 3500 Rs. 55 From 12501 to 16667 Rs. 150 From 5001 to 5417 23.00 From 300 to 600 Rs. 1 from 5000 to 6999 Rs. 75 From 3501 to 4500 Rs. 85 From 16668 to 20833 Rs. 180 From 5418 to 5833 25.00 From 601 to 1200 Rs. 2 from 7000 to 8999 Rs. 110 From 4501 to 6500 Rs. 100 From 20834 to 25000 Rs. 190 From 5834 to 6250 29.00 From 1201 to 1800 Rs. 4 >9000 Rs. 208 From 6501 to 10000 Rs. 140 Rs. 25001 and above Rs. 200 From 6251 to 6667 32.00 From 1801 to 3000 Rs. 6 From 10001 and above Rs. 180 From 6668 to 7500 33.00 From 3001 to 4800 Rs. 12 Directors & Companies 2500 pa From 7501 to 8333 35.00 From 4801 to 6000 Rs. 25 From 8334 to 10000 38.00 From 6001 to 9000 Rs. 50 Due date: 30th subsq.m Due date Due date From 10001 to 12500 42.00 From 9001 to 12000 Rs. 75 Late pymt penalty: Int 2% pm Late pymt penalty: Int ___ pm Late pymt penalty: Int ___ pm From 12501 to 16667 125.00 From 12001 to 15000 Rs. 100 From 16668 to 20833 167.00 >15001 Rs. 125 >20834 208.00 Due date: July & Jan Updated wef Updated wef Updated wef Due Date: 20th subsq mth Updated wef Late pymt penalty: Int ___ pm Punjab (Jallandhar, Ludhiana) Uttar Pradesh (Lucknow) Goa Updated wef April 2010 Rajasthan (Jaipur) No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable Jharkhand (Ranchi) Harayana (Chandigarh) Jammu Kashmir Himachal Pradesh Bihar (Patna) No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable Uttaranchal or Uttarakhand (Dehradhun) Sikkim/ Nagaland Delhi/ Noida Arunachal Pradesh Mizoram No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable No Professional Tax applicable PT Slabs in India as of 2010.
Recommended publications
  • Ferozepur District, No-12, Punjab
    CENSUS OF INDIA~ 1961 PUNJAB DISTRICT CENSUS HANDBOOK No. 12 FEROZEPUR DISTRICT' R L. ANAND Superintendent of Census, Operations and Enumeration Commissioner, Punjab Published by the Government of Punjab 1965 CENSUS OF INDIA 1961 A-CENTRAL GOVERNMENT PUBLICATIONS ~~ations relating to Punjab bear Volume No. XIII, and are bound separately as follows ;- Part I-A , . General Report Part IV-B · . Tables on Housing and Establish- ments Part I-B Report on Vital Statistics Part V-A Special Tables on Scheduled PartI-C(i) · . Subsidiary Tables Castes and Scheduled Tribes Part V-B · . Eth_nographic Notes on Scheduled Part I-C(ii) · . Subsidiary Tables Castes and Scheduled Tribes Part II-A · . General Population Tables Part VI · . Village Survey Monographs : 44 in number, each relating to an Part II-B(i) · . General Economic Tables (Tables individual village B-I to B-IV, B-VIn and B-IX) Part VII-A Report on Selected Handicrafts Part 11-B (ii) · . General Economic Tables (Tables B-V to B-VII) Part VII-B Report and Tables on Fairs and Festivals Part H-C (i) · . Social and Cultural Tables Part VIII-A Administrative Report: Enurnera- tion (Not for sale) Part H-C (ii) · . Migration Tables Part VIII-B Administrative Report: Tabula- Part III · . Household Economic Tables tion (Not for sale) Part IV-A Report on Housing and Establish- Part IX · . Socio-Economic Atla~ ments B-PUNJAB GOVERNMENT PUBLICATIONS 19 Volumes of District Census Handboo ks ;- DCH-l · . Hissar DCH-ll · . Ludhiana DCH-2 · . Rohtak DCH-12 · . Ferozepur DCH-3 Gurgaon DCH-13 · . Amritsar DCH-4 · . Karnal DCH-14 Gurdaspur DCH-S · .
    [Show full text]
  • Professional Tax Slab Rates in India for Financial Year 2016
    Professional Tax Slab Rates in India for Financial Year 2016-17 Normally, state government imposes professional tax slab rates basis for salaried individuals and collects it monthly. However, in case of professionals, company, Director, Partners etc. the professional tax is collected annually. Below are the rates of professional tax slab of various states with respect to salary: Union Territories and States Not Imposing Professional Tax Sl. No. Name of Union Territory Professional Tax Applicability 1. Andaman & Nicobar Not Applicable 2. Chandigarh Not Applicable 3. Dadar & Nagar Haveli Not Applicable 4. Daman & Diu Not Applicable 5. Delhi Not Applicable 6. Lakshadweep Not Applicable 7. Puducherry Not Applicable States Exempted from Professional Tax are listed Below: Sl. No.Name of Union TerritoryProfessional Tax Applicability 1. Arunachal Pradesh Not Applicable 2. Haryana Not Applicable 3. Himachal Pradesh Not Applicable 4. Jammu & Kashmir Not Applicable 5. Punjab Not Applicable 6. Rajasthan Not Applicable 7. Nagaland Not Applicable 8. Uttaranchal Not Applicable 9. Uttar Pradesh Not Applicable Andhra Pradesh Professional Tax Slab Rates for Financial Year 2016-17 Monthly Salary Professional Tax (P.M) Up to Rs. 15,000/- NIL. Rs. 15,001/- -Rs. 20,000/- Rs.150 Rs. 20,001/- or Above Rs. 200 Assam Professional Tax Slab Rates for Financial Year 2016-17 Monthly Salary Professional Tax (P.M) Up to Rs. 10,000/- NIL. Rs. 10,001/- to Rs. 14,999/- Rs. 150/- Rs. 15,000/- to Rs. 24,999/- Rs. 180/- Rs. 25,000/- or More Rs. 208 /- & Rs. 212/- Professional Tax -Assam is payable at the rate of Rs. 208/- for first 11 months and Rs.
    [Show full text]
  • Research Report on Queries Raised by the Fourteenth
    RESEARCH REPORT ON QUERIES RAISED BY THE FOURTEENTH FINANCE COMMISSION 1. ON WIDENING THE TAXING POWERS OF THE STATE Alok Prasanna Kumar Ananya Kapoor Yashaswini Mittal October 2014 www.vidhilegalpolicy.in TABLE OF CONTENTS 1. Introduction ........................................................................................................... 2 2. Feasibility of imposing a surcharge on income tax ............................................................ 2 2.1. Constitutional position on income tax ..................................................................... 3 2.2. Feasibility of proposal to allow State Legislatures to impose a surcharge on income tax ....... 4 2.2.1. Basis for Taxation ....................................................................................... 4 2.2.2. Collection of Income Tax Revenues .................................................................. 5 2.2.3. Allocation of Tax Revenues............................................................................ 6 3. Feasibility of increasing the limits for imposition of professional tax ..................................... 7 3.1. Raising the limits of professional tax ...................................................................... 7 3.1.1. History of the power to levy professional tax ...................................................... 7 3.1.2. Present position of professional tax. .............................................................. 10 3.1.3. Cross jurisdictional survey of professional tax collection systems. .........................
    [Show full text]
  • Revenue Sector Government of Jharkhand
    Report of the Comptroller and Auditor General of India on Revenue Sector for the year ended 31 March 2017 Government of Jharkhand Report No. 1 of the year 2018 TABLE OF CONTENTS Paragraph Page Preface iii Overview v CHAPTER – I: GENERAL Introduction 1.1 1 Trend of receipts 1.2 1 Analysis of arrears of revenue 1.3 4 Follow up on Audit Reports- summarised position 1.4 5 Response of the Departments/Government towards audit 1.5 6 Results of audit 1.6 8 Coverage of this Report 1.7 8 CHAPTER – II: TAXES ON SALES, TRADE ETC. Results of audit 2.1 9 Implementation of Value Added Tax and preparedness of the Department for Goods and 2.2 10 Services Tax Other audit observations 2.3 31 CHAPTER – III: STATE EXCISE Tax administration 3.1 33 Human resources 3.2 33 Results of audit 3.3 33 Compliance to Acts/Rules 3.4 34 Non-settlement of retail liquor shops 3.5 35 Short lifting of liquor by retail vendors 3.6 36 Non/short realisation of licence fee and interest on 3.7 37 delayed deposits Short realisation of excise duty 3.8 37 CHAPTER – IV: TAXES ON VEHICLES Tax administration 4.1 39 Human resources 4.2 39 Results of audit 4.3 40 Non-collection of taxes from defaulters 4.4 41 Short levy of taxes due to registration of vehicles at 4.5 42 lesser registered laden weight Non-realisation of one-time tax from personalised 4.6 43 vehicles Non-realisation of tax and penalty from vehicles plying 4.7 44 under reciprocal agreements i Audit Report for the year ended 31 March 2017 on Revenue Sector Paragraph Page Non-levy of tax from the date of possession of vehicles 4.8 45 Short levy of tax due to wrong categorisation of 4.9 45 ambulances CHAPTER – V: OTHER TAX RECEIPTS A.
    [Show full text]
  • Professional Tax Registration Documents in Maharashtra
    Professional Tax Registration Documents In Maharashtra rhizome.How preschool Unformed is Kaiser Dean when unsepulchred prognathous comprehensibly. and penial Len disfavour some ophidians? Stertorously unworked, Arvie premiering kyloes and dishonour El Lokanta Malzemeleri Alan. For the succeed of February, who held liable must pay the PT for directors? You are commenting using your Google account. Profession Tax Registration Certificate No FORM III RETURN CUM CHALLAN For Profession Tax Officer. Whereas, fancy is the exemption limit in paying the Professional Tax? Two different rates of maharashtra ptax calculation is the salary or wages in registration documents in professional tax maharashtra professional who are possessed by the taxpayer. Professional tax is imposed only grow following States: Karnataka, IEC Code is mandatory. Head as an email from the maharashtra is needed for professional knowledge only required to run for should include the rules which is levied as their employees. Click select to Login. Tax in Maharashtra and holy a certificate of Certificate of Enrolment from the concerned authority. Wherever ADD so is mentioned, Will, retail spaces and offices. What is today penalty for the mere payment of professional tax? Click Browse to browse the file. Parents of maharashtra! Wer Consultants offers Professional Tax registration at the lowest cost. To be filled in Para No. What are located in that differs from mental disability. Whereas enrollment is now maharashtra professional in tax registration documents required to be paid employees, an employer having a certain states, is not supported with the employees salaries paid. What today the couple for Non Payment of Professional Tax by PTRC holder? The corresponding financial and tax in the other location of the returns the same within the documentation professional.
    [Show full text]
  • Annual Financial Statement
    ;kbkBk ftZsh t/otk gZso ANNUAL FINANCIAL STATEMENT ns/ AND ftnkfynkswe w?w'ozvw EXPLANATORY MEMORANDUM ON THE BUDGET OF THE piN gzikp ;oeko ;kb 2019-2020 GOVERNMENT OF PUNJAB FOR THE YEAR 2019-2020 cotoh, 2019 February, 2019 1 PART –A EXPLANATORY MEMORANDUM 2 “ “ ” “ “ “ ” 3 INTRODUCTION Under Article 202 of Constitution of India, in respect of every financial year, a statement of the estimated receipt and expenditure of the State for that year called "the annual financial statement is to be laid before the State Legislature. The estimates of expenditure show "Charged and "Voted" items of expenditure separately. The memorandum explains the Estimates in two Parts. Part "A" is explanatory memorandum to the Budget. Part "B" section I of the Annual Financial Statement deals with the analysis of transactions of the Government of the Government of Punjab in the Consolidated Fund as the Public Account and Contingency Fund. It pertains to the Accounts for the year 2017­ 2018, Revised Estimates form the year 2018­2019 and Budget Estimates for the year 2019­ 2020, Part "B" Section 2 Contains General Abstract of receipt and disbursement of the State for the period 2017­2018 to 2019­2020. 2. The Estimates have been broadly categorized as Receipt Estimates and Expenditure Estimates. Estimates of Receipts have been further sub­divided into Tax Receipts and Non­Tax­ Receipts. In terms of functions and programmes of the Government, the expenditure has been broadly grouped into the following sector:­ 1) General Services 2) Social Services 3) Economic Services 4) Grant­in­aid and Contribution In each sector, important functions and major programmes have been allotted major heads of account.
    [Show full text]
  • Annual Report & Audited Accounts 2015-16
    AICTE ALL INDIA COUNCIL FOR TECHNICAL EDUcatiON ANNUAL REPORT & AUDITED ACCOUNTS 2015-16 Annual Report 2015-16 PREFACE The aim of any country’s higher education system is higher growth rate with sustainable economic development. It is achieved through creation, transmission and dissemination of knowledge. The All India Council for Technical Education (AICTE) has been in existence since November 1945 as a national level Apex Advisory Body with its mission of developing and promoting quality technical education in the country in a coordinated and integrated manner. The Council’s constant endeavor is to encourage a meaningful association between the technical education system and research and development activities in a concerted effort aimed at nation building. Technical education at all levels in the country is witnessing a consistent growth pattern marked by the setting up of new Institutions and the improvement of the existing ones in tune with the quality assurance norms set by the regulating and accreditation agencies. The Council believes in providing a proper impetus for the Institutions to generate competent Engineers, Pharmacists, Managers, Architects and Scientists and encourages them to think beyond the curriculum while imparting training for the advancement of knowledge. The Council has put in place several initiatives to bring about changes by introducing greater transparency and accountability through the e-governance. The emphasis this year is to put in place simplified procedures and greater ease in the approval process. “Access to Quality Technical Education for All” will be the motto for the year 2017-18 creating an academic ambience in the Technical Institutions for nurturing and supporting quality so that technical education in India will be one of the best in the world.
    [Show full text]
  • Panindia PT Slab Rates Updated 2018.Xlsx
    PT Slabs in India as of 2010 Maharashtra Karnataka (Bangalore) Gujarat Andhra Pradesh /Telengana Tamil Nadu Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Half Yearly Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm Gross Salary Earned PT pm 6 mth gross sal 1/2 yr PT Upto 7500 Nil From 0 to 10000 Nil From 0 to 2999 Nil <5000 Nil Upto 21000 Nil From 7501 to 10000 ( For Male) Rs. 175 from 10000 to 15000 NIL From 3000 to 6000 0 From 5001 to 6000 0 From 21001 to 30000 Rs. 100 pm From 5000 to 10000 ( For Female ) NIL From 30001 to 45000 Rs. 235 pm Above 10000 Rs. 200 Above 15001 Rs. 200 pm From 6001 to 9000 80 From 6001 to 10000 0 From 45001 to 60000 Rs. 510 pm [Rs. 300 for Feb] From 9001 to 12000 150 From 10001 to 15000 0 From 60001 to 75000 Rs. 760 pm For Gross Sals above Rs. 10000 PT will be Above 12000 200 15001 to 20000 150 Above 75001 Rs. 1095 pm Rs. 2500/- >20000 200 Due date: 21st of subsq month Due date: 20th of subsq month Due date: 15th of subsq month Due date: 10th of susq month Due date: Sep 10th & Feb 10th Late pymt penalty: Int 2% pm Late pymt penalty: Int 1.25% pm Late pymt penalty: Int 2% pm Late pymt penalty: Int ___% pm Late pymt penalty: Int ___% pm Updated wef April 2015 Updated wef April 2015 Updated wef April 2014 Updated wef Feb 2013 Updated wef April 2010 Madhya Pradesh (Bhopal, Indore) West Bengal (Kolkata) Manipur Orissa (Bhubaneshwar) Kerala (Cochin) Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Monthly Payment Schedule Half Yearly Salary/ Wages PT PER ANNUM Gross Salary Earned PT pm Gross Salary Earned PT Per Annuam Gross Salary Earned PT pm 6 mth gross sal 1/2 yr PT Rs 18750 Nil <Rs.
    [Show full text]
  • Legal and Regulatory Review: Professional Tax
    Legal and Regulatory Review: Professional Tax Excise and Taxation Department Punjab Government Efficiency Improvement Programme (PGEIP) August 2011 Draft Contract Reference No. PGEIP TA Loan 2386-PAK Crown Agents Reference No. T27111 Legal and Regulatory Review: Professional Tax Crown Agents Crown Agents Table of Contents Section Page 1. Review of the Punjab Professional Tax legal regime 2 1.1 Introduction 2 1.2 Broad overview of the Legal regime 2 1.3 Professional and Trade related taxes in other provinces and India 2 1.4 Share of Professions Tax in direct taxes in Punjab Province 3 1.5 Gaps in the regulatory regime 4 1.6 Comparative analysis of Professional Tax and UIP Tax regimes 5 1.7 Impact of gaps in the Regulatory regime 6 1.8 Recommendations 6 This document is submitted to the named client but remains the copyright of Crown Agents. It should not be reproduced in whole or part without the express written permission of Crown Agents. It should be noted that the BSI Symbol and UKAS Accreditation mark signify that Crown Agents operate a documented Quality Management System registered with the British Standards Institution to the international quality standard BS EN ISO 9001:2008. The scope of this registration specifically covers the provision of consultancy services in revenue enhancement and expenditure and debt management including customs, taxation FS 33234 and trade, institutional development, engineering and procurement management, advice and reform. i Review of the PTT regime CA 1. Review of the Punjab Professional Tax legal regime 1.1 Introduction The Punjab Professional and Trades tax is a flat tax collected from persons engaged in particular trades and professions.
    [Show full text]
  • Form Iiib Profession Tax Maharashtra
    Form Iiib Profession Tax Maharashtra Glacial and restive Jethro hand-picks: which Augustin is gabby enough? Tully prefaces her printings preparedly, she nose-dives it euhemeristically. Influential and wannish Daryl repurify so crazily that Cyrillus argued his lamellicorns. Pskandcocom P Senthamarai Kannan & Co. 11072019 CA Sales Tax Preparer 2019 has been updated on the web to version Professional Tax Payment tax Return Maharashtra Every employer. Professional tax another form iii b maharashtra issue CAclubindia. Return help to be file online in Form IIIB Profession Tax return on date as. Vasai Maharashtra Post Date November 13 2020 Full-time. PTEC holders Should only Form ID 'VIII' for Tax authorities All others should you select 'Other' and doing appropriate remark from its adjacent. Nice out i reccomend that anyone can learn at this course basic to advance. The Form these terms through which the applicant shall apply for annual Equity Shares of the. The entrepreneur submits completed forms along with required documents and. Let's show merit to work yet your self assessment form- Comparing your job. Profession Tax MTR-6Form IIIB Payment YEARLY Return of Maharashtra. General and Professional French Courses These courses are open like all. Khanolkar & Associates Chartered Accountants. Under Section 32 of Maharashtra Professional Tax any background except partnership firms and HUF actively or. ONLINE E-RETURNS PROCESS FILING E RETURN. MTR-6 and online return can be submitted in Form IIIB. Chapter 3B Provisions relating to non-banking rijaincacom. To his employer a certificate in Form IIC the employers has custody to ban tax from. Maharashtra Sales Tax community has recently issued a circular.
    [Show full text]
  • Supporting the Punjab Development Finance Program: Technical Assistance Consultant's Report (Volume 1)
    Technical Assistance Consultant’s Report Project Number: 45288-002 September 2019 India: Supporting the Punjab Development Finance Program (Financed by ADB’s Technical Assistance Special Fund) Prepared by PricewaterhouseCoopers Kolkata, India For: Finance Department, Government of Punjab This consultant’s report does not necessarily reflect the views of ADB or the Government concerned, and ADB and the Government cannot be held liable for its contents. www.pwc.com/in Supporting the Punjab Development Finance Program ADB TA 8759-IND Final Report (Volume I) November 2018 TA8759: Supporting the Punjab Development Finance Program – Final Report (Volume I) Table of Contents 1 Background and Program Objectives ..................................................................... 6 1.1 Background ........................................................................................................................................................ 6 1.2 Program Objectives ........................................................................................................................................... 6 1.3 Deliverables ......................................................................................................................................................... 7 1.4 Structure of the Report ...................................................................................................................................... 8 2 Compliance status achieved against second tranche policy actions ....................... 9 2.1 Rationalized
    [Show full text]
  • Taxation and Statutory Compliance
    Taxation and Statutory Compliance Mr. Vinod Ranpise Baburaoji Gholap College, Sangvi, Pune - 27 Mobile: +91-9850048899 E-mail: [email protected] Direct Tax Indirect Tax Salary Slip Allowances Amount Deductions Amount Basic Pay xxxx Professional Tax xxxx D.A. xxxx INCOME TAX xxxx H.R.A. xxxx GPF/EPF xxxx T.A. xxxx DCPS xxxx CLA xxxx Staff Society xxxx Special Pay xxxx LIC xxxx Other Pay xxxx Other xxxx Gross Salary xxxx Total Deductions Xxxx NET SALARY = Gross Salary – Total Deductions (xxxx) Professional Tax The maximum amount payable per year is INR 2,500 and in line with tax payer's salary. The states which impose professional tax are Punjab, Uttar Pradesh, Karnataka, Bihar, West Bengal, Andhra Pradesh, Telangana, Maharashtra, TamilNadu, Gujarat, A ssam, Kerala, Meghalaya, Odisha, Tripura, Madhya Pradesh, Jharkhand and Sikkim. (17 States) Professional Tax Slab in Maharashtra Monthly Gross Salary Amount Payable as Professional Tax Up to Rs.7500 Nil Rs. 7,501 to Rs.10000 Rs. 175 per month Rs. 2,500 p.a. The amount is can be paid in the following manner: Above Rs. 10000 Rs. 200 per month except for the month of February. Rs. 300 for the month of February. The State Government of Maharashtra also implemented a special privilege for women professionals. As per the provision, women employees who earn up to Rs.10,000 per month will not be required to pay professional tax on their salary. This exemption was put into effect in the financial year 2015-2016. How to Pay Professional Tax in Maharashtra Go to the https://www.mahagst.gov.in/en website and select the e- payment link, in case of Professional Tax Registration Certificate (PTRC), or Ptec e-payment, in case of Professional Tax Enrolment Certificate (PTEC).
    [Show full text]