Salaries & audit

This query is : Resolved

J.KARTHICK (Querist)
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17 December 2007 Dear sir

(i)Why the PF for workers is calculated on BASIC+DA Whereas it is calculated on BASIC for staffs?

(ii)Is PF applicable for foreigners?

(iii)Can anybody send me the slab rate for the calculation for PROFESSIONAL TAX AND FOR WHOM IT IS APPLICABLE?

(IV)For the sale of fixed asset ,which doc did the client need to produce for auditors clarification.

CA. Vineet Grover

CA. Vineet Grover (Expert)
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18 December 2007 Hi Karthick,

Schedule of rates of tax on Professions, Trades, Callings and Employments

Serial No. Class of Persons Rate of tax Schedule No. & Sub No.
1 Salary and wage earners. Such persons whose monthly salaries or wages are-

(i) Rs. 1,500 or less
Nil 1(i)
(ii) Rs. 1,501 or more, but less than Rs.2,001 Rs. 18 per month 1(ii)
(iii) Rs. 2,001 or more, but less than Rs.3,001 Rs. 25 per month 1(iii)
(iv) Rs. 3,001 or more, but less than Rs.5,001 Rs. 30 per month 1(iv)
(v) Rs. 5,001 or more, but less than Rs.6,001 Rs. 40 per month 1(v)
(vi) Rs. 6,001 or more, but less than Rs.7,001 Rs. 45 per month 1(vi)
(vii) Rs. 7,001 or more, but less than Rs.8,001 Rs. 50 per month 1(vii)
(viii) Rs. 8,001 or more, but less than Rs.9,001 Rs. 90 per month 1(viii)
(ix) Rs. 9,001 or more, but less than Rs.15,001 Rs 110 per month 1(ix)
(x) Rs. 15,001 to 25001
Rs. 130 per month
1(x)
(xi)
Rs. 25001 or more, but less than Rs. 40001
Rs. 150 per month 1(xi)

(xii)
Rs. 40001 and above
Rs. 200 per month 1(xii)

2 (a) Legal practitioners including Solicitors and notaries public;
(b) Medical practitioners including medical consultants and dentists;
(bb) Directors (other than those nominated by Government) of companies registered under the Companies Act, 1956 (1 of 1956)
(c) Technical and professional consultants including architects, engineers, Chartered accountants, actuaries, management consultants and tax consultants.
Where the annual gross income of the persons mentioned above is-
(i) Rs. 18,000 or less Nil 2(a)/(b)/(bb)/(c)(I)
(ii) Rs. 18,001 or more, but less than Rs. 24,001 Rs. 216 per annum 2(a)/(b)/(bb)/(c)(ii)
(iii) Rs. 24,001 or more, but less than Rs. 36,001 Rs. 300 per annum 2(a)/(b)/(bb)/(c)(iii)
(iv) Rs. 36,001 or more, but less than Rs. 60,001 Rs. 360 per annum 2(a)/(b)/(bb)/(c)(iv)
(v) Rs. 60,001 or more, but less than Rs. 72,001 Rs. 480 per annum 2(a)/(b)/(bb)/(c)(v)
(vi) Rs. 72,001 or more, but less than Rs. 84,001 Rs. 540 per annum 2(a)/(b)/(bb)/(c)(vi)
(vii) Rs. 84,001 or more, but less than Rs. 96,001 Rs. 600 per annum 2(a)/(b)/(bb)/(c)(vii)
(viii) Rs. 96,001 or more, but less than Rs. 1,08,001 Rs.1080 per annum 2(a)/(b)/(bb)/(c)(viii)
(ix) Rs 1,08,001 or more, but less than Rs. 1,80,001 Rs1320 per annum 2(a)/(b)/(bb)/(c)(ix)
(x) Rs. 180001 or more, but less than Rs. 300001 Rs.1560 per annum 2(a)/(b)/(bb)/(c)(x)
(xi) Rs. 300001 or more, but less than Rs. 480001
Rs. 1800 per annum 2(a)/(b)/(bb)/(c)(xi)
(xii) Rs. 480001 and above
Rs. 2400 per annum 2(a)/(b)/(bb)/(c)(xi)
3. Postal agents under the National Small Savings Scheme or Chief agents, principal agents,special agents, insurance agents and surveyors or loss assessors registered or licensed under the Insurance Act, 1938 (4 of 1938). Where the annual gross income of the persons mentioned above is-

(i) Rs. 18,000 or less Nil 3 (i)
(ii) Rs. 18,001 or more, but less than Rs. 24,001 Rs. 216 per annum 3 (ii)
(iii) Rs. 24,001 or more, but less than Rs. 36,001 Rs. 300 per annum 3 (iii)
(iv) Rs. 36,001 or more, but less than Rs. 60,001 Rs. 360 per annum 3 (iv)
(v) Rs. 60,001 or more, but less than Rs. 72,001 Rs. 480 per annum 3 (v)
(vi) Rs. 72,001 or more, but less than Rs. 84,001 Rs. 540 per annum 3 (vi)
(vii) Rs. 84,001 or more, but less than Rs. 96,001 Rs. 600 per annum 3 (vii)
(viii) Rs. 96,001 or more, but less than Rs. 1,08,001 Rs.1080 per annum 3 (viii)
(ix) Rs. 1,08,001 or more, but less than Rs. 1,80,001 Rs.1320 per annum 3 (ix)
(x) Rs. 1,80,001or more but not less than Rs.3,00,001 Rs.1560 per annum 3 (x)
(xi) Rs. 3,00,001 or more, but less than Rs. 4,80,001
Rs.1800 per annum
3(xi)

(xii) Rs. 4,80,001 and above Rs. 2400 per annum
3(xii)

Explanation- For the purposes of the entries against Serial Nos.2 and 3, "annual gross income", 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 preceding year.

4. (a) Members of Associations recognised under the Forward Contracts (Regulation) Act, 1952 (74 of 1952)
Rs. 900 per annum 4(a)
(b)(i) Members of Stock Exchanges recognised under the Securities Contracts (Regulation) Act, 1956 (42 of 1956)
Rs. 900 per annum 4(b)(i)
(b)(ii) Remisiers recognised by a Stock Exchange Rs. 400 per annum 4(b)(ii)
5. (a) Estate agents or promoters or brokers or commission agents or del credere agents or mercantile agents
Rs2,500 per annum
5(a)
(b) Contractors of all descriptions engaged in any work :

Such contractors whose gross business in a year is:

(i) less than Rs. 1,00,000 Nill 5(b)(i)
(ii) Rs. 1,00,000 or more, but less than Rs.5,00,000 Rs .300 per annum 5(b)(ii)
(iii) Rs. 5,00,000 or more, but less than Rs.10,00,000 Rs. 750 per annum 5(b)(iii)
(iv) Rs. 10,00,000 or more Rs. 900 per annum 5(b)(iv)
Explanation- For the purposes of this entry, " gross business" shall mean the aggregate of the amounts of the valuable consideration or part thereof receivable during the immediately preceding year in respect of a contract or contracts executed wholly or partly during such year.

6. Stevedores, clearing agents, customs agents, licensed shipping brokers or licensed boat suppliers
Rs2,500 per annum
6

7. (a) Owners of Subscribers Trunk Dialling (STD) or International Subscriber Dialling (ISD) booths-

(i) situated within the area Situated within the area of the Calcutta Metropolitan Planning Area as described in the First Schedule to the West Bengal Town and Company (Planning and Development) Act, 1979
Rs.300 per annum 7(a)(i)
(ii) situated in other areas
Rs. 200 per annum 7(a)(ii)
(b) Persons engaged in courier services
Rs. 500 per annum 7(b)
(c) signal provider, cable operator, and cable hirer, in cable television network, and their agents
Rs. 500 per annum 7(c)
8. (a) Bookmakers and trainers licensed by the Royal Calcutta Turf Club or any other Turf Club in the State.
Rs2,500 per annum 8(a)
(b) Jockeys licensed by any Turf Club in the State
Rs.150 per annum 8(b)
9. (a) Dealers liable to pay tax under the West Bengal Sales Tax Act,1994 (West Bengal Act XLIX of 1994) or the Central Sales Tax Act, 1956 (74 of 1956)-

(i) such dealers other than those mentioned in sub-item (ii) whose annual gross turnover of sale is :

(A) less than Rs.2,00,000 Rs.150 per annum 9(a) (i) (A)
(B) Rs.2,00,000 or more, but not exceeding Rs.7.5 lakh Rs.300 per annum 9(a) (i) (B)
(C) above Rs.7.5 lakh but not exceeding Rs.25 lakh Rs.600 per annum 9(a) (i) (C)
(D) above Rs.25 lakhs but not exceeding Rs.50 lakhs Rs.1200 per annum 9(a) (i) (D)
(E) above Rs. 50 lakhs but not exceeding Rs.2 crore Rs.2000 per annum
9(a) (i) (E)
(F) above 2 crore
Rs.2500 per annum
9(a) (i) (F)

Explanation. – For the purposes of this entry, "annual gross turnover of sales" shall mean the turnover of sales as defined in the West Bengal Sales Tax Act, 1994 (West Ben. ActXLIX of 1994) during the immediately preceding year.

(ii) any dealer as occupier of a jute mill, or shipper of jute, as defined in the West Bengal Sales Tax Act, 1994 (West Ben. ActXLIX of 1994) Rs.2,500per annum 9(a) (ii)
(b) Occupiers, owners, lessees or licensees, as the case may be, of rice mills Rs.2,500per annum 9 (b)
10. Occupiers of factories as defined in the Factories Act, 1948 (63 of 1948), who are not dealer covered by entry 9.

Such occupiers of factories-

(i) Where not more than fifteen workers are working Rs. 600 per annum. 10 (i)
(ii) Where more than fifteen workers are working Rs.1500 per annum 10 (ii)
Explanation. – For the purposes of this entry and entry 11, the average number of workers or employers who were working or employed during the last preceding year shall be taken into consideration. This average number shall be arrived at by adding the average number of workers or employees who attended in each working month in the year and dividing the total by the number of such months.

11 Employers or shop-keepers as defined in the West Bengal Shops and Establishments Act, 1963 (West Ben. Act XIII of 1963), whether or not their establishments or shops are situated within an area to which the aforesaid Act applies, and who are not covered by entry 9.

Such employers or shop-keepers-

(i) Where there are no employees Rs. 50 per annum. 11 (i)
(ii) Where there are less than five employees Rs. 100 per annum 11 (ii)
(iii) where there are five or more employees but less than eleven employees Rs. 250 per annum 11 (iii)
(iv) where there are eleven or more employees but less than twenty employees Rs. 350 per annum 11 (iv)
(v) where there are twenty or more employees Rs. 600 per annum 11 (v)
12 Owners or lessees of petrol/diesel filling stations and service Stations and agents and distributors including retail dealers of liquefied petroleum gas.
Rs.2,500per annum
12
13 (a) Owners or occupiers of distilleries, breweries and bottling plants Rs.2500 per annum 13 (a)
(b) Licensed foreign liquor vendors Rs 2500 per annum 13 (b)
(c) Owners or occupiers or lessees of residential Hotels of 3-star category Rs2500 per annum. 13 (c)
(d) Licensed country liquor vendors and owners or occupiers or lessees of residental Hotels below 3-star category Rs.500 per annum. 13 (d)
(e) Licensed opium, pachwai, toddy or bhang vendors Rs.250 per annum 13 (e)
(f) Owners, lessees or licencees, as the case may be, of –
(i) nursing homes and pathological laboratories Rs.2500 per annum 13 (f) (i)
(ii) cinema hoses and theatres Rs. 500 per annum 13 (f) (ii)
(iii) video parlours, video halls and video rental libraries Rs. 500 per annum 13 (f)(iii)
(g) Owners, licencees or lessees, as the case may be of premises let out for social functions Rs.2500 per annum 13 (g)
(h) Owners or occupiers of cold storages Rs. 900 per annum 13 (h)
14 Owners of lessees of –

(a) beauty parlours (non air-conditioned) Rs.900 per annum 14 (a)
(b) beauty parlours ( air –conditioned) Rs.2,500 perannum 14 (b)
(c) health resorts or slimming centres Rs2,500 per annum 14 (c)
(d) air-conditioned hair dressing saloons Rs.2,500 perannum 14 (d)
(e) air-conditioned restaurants Rs.2,500 perannum 14 (e)
15 Holders of permits granted and issued under The Motor Vehicles Act,1988 (59 of 1988), for Transports vehicles, which are adapted to be used for hire or reward.

Where any such person holds permit or permits for an taxi including auto-rickshaws, three-wheeler goods vehicles, trucks or buses—

(i) in respect of each taxi including auto-rickshaw or three-wheeler goods vehicle Rs. 50 per annum 15 (i)
(ii) in respect of each truck or bus Rs. 100 per annum 15 (ii)
Provided that the total amount payable by the same holder shall not exceed Rs. 900 per annum.

16 Licensed moneylenders under the Bengal Money lender Act, 1940 (Ben. Act X of 1940)
Rs.2,500 per annum 16
17 (a) Individuals or institutions conducting cheat funds and lotteries Rs 2,500per annum 17 (a)
(b) Authorised stockists of lottery tickets Rs 2,500per annum 17 (b)
18 Co-operative societies registered or deemed to be registered under the West Bengal Co-operative Societies Act,1983 (West Ben .Act XLV of 1983) and engaged in any profession, trade or calling-

(a) State level societies Rs. 900 per annum 18 (a)
(b) District level societies Rs. 450 per annum 18 (b)
19 Banking companies as defined in the Banking Regulation Act,1949(10 of 1949)
Rs.2500 per annum 19
20 Companies registered under the Companies Act, 1956 (1 of 1956) and engaged in any profession, trade or calling
Rs.2500 per annum 20
21 Partnership firms when engaged in any profession, Trade or calling

Such firms whose gross annual turnover is-

(i) Rs.25 lakhs or less Rs.600 per annum 21(i)
(ii) above Rs.25 lakhs but less than Rs.1 crore Rs.1200 per annum 21(ii)
(iii) Rs.1 crore or above Rs.2500 per annum 21 (iii)
Explanation- For the purposes of this entry "annual turnover" shall include the aggregate of the amounts or parts thereof receivable by way of remuneration, fee reward or any consideration for services rendered and sales made during the previous year by such firms.

22 Owners,licencees or lessees, as the case may be, of tutorial homes and training institute of any description, when engaged in any profession, trade of calling
Rs.2500 per annum
22
Explanation- For the purposes of entry, training institutes" engaged in any cultural, social or welfare activity shall be excluded

23 Persons, other than those mentioned in any preceding entries, who are engaged in any profession, trade, calling or employment, and in respect of whom a notification is issued under section 3 of this Act.
Rate of tax not exceeding Rs.2,500 per annum shall be as may be fixed by notification
23
Notwithstanding anything contained in Schedule, where a person is covered by more than one entry in this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his case.

Rgds/
Vineet