Chennai corporation professional tax

Chennai Municipal Corporation or Chennai Corporation is constantly working to increase its revenue and now it's targeting to bring professional tax at par with the property tax. With its weak financial position, the Chennai Corporation is exploring various options to increase revenue and strengthen its finances in line with the guidelines of the World Bank. During its last council meeting, the Chennai Corporation agreed to rope in private teams to reassess 2.7 lakh buildings to bring them into the property tax net. The corporation collected property tax worth Rs 697 crore in the first half of the financial year 2022-23. The corporation will now work to update its database of companies functioning in its jurisdiction and hopes to increase both - professional tax collection as well as property tax collection. Also Read: According to reports, the corporation won't be increasing its professional tax rates but will work to match the professional tax database with the company registration database, and GST registrations and utilise the data to bring more assessees into the professional tax net. The corporation officials noted that the professional tax collection, if assessed properly, could match property tax once all the employees are covered under it. According to a report, around 1.51 lakh professionals pay taxes to the Corporation at present. Also Read: What is professional tax? It's a direct tax levied by the state government and is applicable to individuals who earn money ...

CHENNAI: Salaried individuals, private establishments and companies should pay half-yearly profession tax before September 30, the "Payment can be made either by cheque or by demand draft drawn in favour of the revenue office, Corporation of Chennai. If anybody fails to pay the profession tax in time, necessary action will be taken to collect the dues with penalty by following due process of law," said a press release from corporation. Any company that transacts business and every person who is engaged in any profession, trade or employment in the corporation jurisdiction has to pay profession tax under Section 138C of the Every person who is liable to pay profession tax should pay it before September 30 and March 31 every year. Christin Mathew Philip is a Principal Correspondent with The Times of India, Bengaluru. He writes on urban mobility and traffic issues. He is the winner of Ramnath Goenka Excellence in Journalism award (2015) for his reporting on civic issues in Chennai. He worked in TOI Chennai (2011-2016) before moving to The New Indian Express, Bengaluru in 2016. Read More

Chennai Corporation to shift focus on professional tax to improve revenue The civic body is set to update the database of companies and hopes to match professional tax collection with that of property tax; private teams to be involved in reassessing properties; proposal to integrate various departments pertaining to property and real estate under consideration October 09, 2022 11:44 pm | Updated 11:45 pm IST - CHENNAI Professional tax collection a tad up in first half of financial year 2022-23 After having revised the property tax, the Greater Chennai Corporation has now turned its attention to professional tax collection to improve its own sources of revenue. With its financial position being precarious, the Corporation has started exploring various options to increase its own source of revenue, following the guidelines of the World Bank. The civic body’s overdraft has crossed ₹500 crore and only seven lakh property tax assessees have been categorised with zero balance in property tax payment by the end of half year period (April-September 2022), the officials said. Staff shortage Hamstrung by staff shortage in the Revenue Department, the civic body has been unable to take any initiative to increase its own revenue. The property tax collection has been put at ₹697 crore in the first half of the financial year 2022-23. At the last council meeting, the civic body passed a resolution to rope in private teams to reassess 2.7 lakh buildings to increase property tax revenue. “A...

If you are within the limit of corporation, approach corporation division office that your office/workplace(headoffice)situates otherwise,panchayat office. Meet the concerned revenue office if corporation or concerned clerk in case of panchayat.They will guide your for registration formalities. After that regularly you can make payments through him only. 15th June 2012 From India, Madras