new professional tax chart

hi

I want professional tax rate slab in Gujarat.

Pl provide me at the earliest.

Thanks

Regards

Hiral

Plz give me professional tax slabs for folllowing states

Gujrat , Karnatak, M.P. , U.P., Bihar, Orrisa, West Bengal, Hariyana, Delhi, Himachal Pradesh, Tamilnadu, Andhra Pradesh, Rajasthan,

My cousin runs her own business. She earns upto Rs.16000 per month so should she pay professional tax to the government of Maharashtra. She gets work from overseas.

Plz give me professional tax slabs for following states

BIHAR , Hichal Pradesh

thanks

IF any change in professional tax slabs for following region

chennai, west bengal, Gujrat (Ahemdabad)

The profession tax rate applicable for the mth. of Feb i.e. salary of Feb paid in March is Rs.300/- .  But one of my collegue accountant is arguing on this. She is saying we have to deduct Rs.300/- for salary payable for Jan. I asked her that the salary of Feb paid in Mar attract PT Rs.300/- as uptill now I deducted the same for previous years. But still she is not agreeing with me. I know I am 101% right. How to proof her this fact ?

Profession Tax is a State level Tax in India on Professions, Trades, Callings and Employments.

The following Indian states levy Profession Tax – West Bengal, Karnataka, Maharashtra, Andhra Pradesh, Gujarat, Tamilnadu and Madhya Pradesh.

Profession Tax in Maharashtra

In Maharashtra (Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975), Profession Tax is applicable both on  Individuals &  Organizations (Company, Firm, Proprietary Concern, Hindu Undivided Family (HUF), Society, Club, Association Of Persons, Corporation or any other corporate body in Maharashtra per the provisions of the Maharashtra Professional Tax Act of 1975.

Profession Tax For Individuals in Maharashtra

Every person residing in Maharashtra engaged in any profession, trade, calling or employment is liable and has to obtain a Certificate of Enrolment from the Profession Tax Authority.

Once this certificate is obtained, the person can discharge their individual tax liability for five years by paying lumpsum amount equal to the amount of Profession Tax for four years in advance, getting relief for one year’s payment.

Exempted Individuals in Maharashtra

The following persons are exempted from the provisions of the Profession Tax Act in Maharashtra :

Senior Citizen above 65 years age.

Handicapped Person with more than 40 % disability or parent of a physically disabled or mentally retarded child.

Profession Tax For Organizations:-

An employer organization is required to get registered under the Profession Tax Act and obtain a Registration Certificateunder which the payment in respect of taxes deducted from employees salaries can be made.

Also as a firm, the organization is required to obtain Enrolment Certificate and pay Profession tax on it’s behalf.

Periodicity of Returns

For employers holding Registration Certificate, the period of returns to be filed on basis of annual tax liability amounts are as follows :

• Annual Profession Tax Liability < Rs. 5000 - Annual Return.
• Annual Profession Tax Liability >= Rs. 5000 but < Rs. 20000 - Quarterly Returns.
• Annual Profession Tax Liability >= Rs. 20000 - Monthly Returns.

Returns are required to be filed on or before the last date of the month to which the return relates.

It should contain details of salaries paid and the amount of tax deducted in respect of the month immediately preceding the month to which the return relates.

Due dates for payment of Profession Tax and for filing the returns in Maharashtra:-

For the persons holding Enrolment Certificate - 30th June.

For any delay in the same, interest @ 1.25% per month will be charged.

Bank payment challans to be received by all Enrolment Certificate holders by mid June.

Profession Tax Penalties

• Delays in obtaining Enrolment or Registration Certificate – Penalty of Rs. 2/= (Rupees Two) per Day.
• Providing false information regarding enrolment – Penalty of 3 times tax amount.
• Non-payment of profession tax – Penalty equal to 10% of the amount of tax can be imposed.

Schedule of rates of tax on professions, trades, callings and employments after Budget:

Although new rates been passed in budget but they shall come into force on such date as the state Government may, by notification in the Official Gazette, appoint. ((Government of Maharashtra appointed the 1st July 2009 to be the date from which newprofession rates will  come into force)

Note: 1.

Notwithstanding   anything   contained   in   this   Schedule,   where   a   person   is covered   by   more   than   one   entry   of   this   Schedule,   the   highest   rate   of   tax specified under any of those entries shall be applicable in his case.   This provision shall not be applicable to entry 16(iv) of the schedule.

Note: 2.

For the purposes of Entry 8 of the Schedule, the Profession Tax shall be calculated on the basis of the “turnover of sales or purchases” of the previous year.  If there is no previous year for such dealer, the rate of Profession Tax shall   be   Rs.   2000.     The   expressions   “turnover   of   sales”   or   “turnover   of purchases” shall have the same meaning as assigned to them, respectively, under the Maharashtra Value Added Tax Act, 2002".

Can some one post the same kind for the State of Karnataka please :)

Thanks,

Poornima

Hi, pls send me anybody about annual Professional tax payable proprietor/partners/firm,

thanks in advance

hello friends any body having professional tax challan cum return for employee (maharshtra)

plz send me excel formate 

regards

kk

Dear all Professional,

kindly confirm about professional tax at Gurgaon (Haryana) company & Employee..

thanks,