Professional tax slab in west bengal 2022-23

The West Bengal professional tax slab rates for salary and wagesfor the FY 2022-23 are mentioned below.Salaried individualshaving a monthly salary of more than INR 10,000 are liable to pay professional tax in West Bengal. Professional Tax Slab in West Bengalon Salary / Wages Monthly Gross Salary P.TaxAmount Up to Rs.10,000 Nil Rs. 10,001 to Rs. 15,000 Rs. 110 Rs. 15,001 to Rs. 25000 Rs. 130 Rs. 25,001 to Rs. 40,000 Rs. 150 Above Rs. 40,000 Rs. 200 Note:-Salary and wages shall include - Pay, Dearness Allowance, and any other amount paid by way of allowance, all remunerations received on a regular basis whether payable in cash or kind; honorarium, perquisites, and profit in lieu of salary as defined in Section-17 of the Income Tax Act, 1961. Remember:Encashment of leave amount (excluding payable on retirement or on the death of the employee); subsistence allowance, leave concessional pay. Salary and Wage shall not include Medical reimbursement, traveling allowance, reimbursement of conveyance charges, the stipend paid to the trainee, salary paid to apprentice under the Apprentices Act, leave travel assistance payment, statutory Bonus, gratuity, lay of compensation an ex-gratia payment. Pension granted to an employee is not salary and hence pensioners are not liable to pay Profession Tax on the pension. Profession Tax willbe paid online through “GRIPS” (web portal of the Finance Department, Government of West Bengal). For registered employers, the professional tax will be pai...

Search for: Rates of Tax on Professions, Trades, Callings and Employments West Bengal Finance Act, 2014 An Act to amend the Indian Stamp Act, 1899, in its application to West Bengal, the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979, and the West Bengal Value Added Tax Act, 2003. Schedule of Rates of Tax on Professions, Trades, Callings and Employments. 1. Employees earning monthly salary or wages:- Not exceeding Rs. 8,500 Nil Above Rs. 8,500 but not exceeding Rs. 10,000 Rs. 90 per month Above Rs. 10,000 but not exceeding Rs. 15,000 Rs. 110 per month Above Rs. 15,000 but not exceeding Rs. 25,000 Rs. 130 per month Above Rs. 25,000 but not exceeding Rs. 40,000 Rs. 150 per month Above Rs. 40,000 Rs. 200 per month 2. Persons being individuals engaged in any profession or calling (but not engaged as an employee) being- a) Legal practitioners including solicitors and notaries public; b) Medical Practitioners including medical consultants and dentists; c) Directors (other than those nominated by Government) of companies registered under the Companies Act, 1956 (1 of 1956) or under the Companies Act, 2013 (18 of 2013); d) Technical or professional consultants other than those mentioned elsewhere in the Schedule; e) Members of Associations recognised under the Forward Contracts (Regulation) Act, 1952 (74 of 1952); f) Members of Stock Exchanges recognised under the Securities Contracts (Regulation) Act, 1956 (42 of 1956); g) Remisiers recognised by...

The West Bengal State Tax On Professions, Trades,Callings And Employments Rules,1976 Applicability A person or employer by whom tax is payable under this Act Exemption Not Applicable Registration Form Registration Process Online List Of Documents For Registration Memorandum Of Association & Incorporation Certificate Articles Of Association PAN Card Lease Agreement S&E Certificate / Trade License Copy Employer Address Proof and ID Proof Email address and Phone Number INR 2500/- for Enrollment Fees Bank Details with Cancelled Cheque List of employees with Gross Salary Website Professional Rates Salary (INR) PT Amount Remarks Upto 8500 ₹ 0.00 Nil Between 8501 To 10000 ₹ 0.00 Nil Between 10001 To 15000 ₹ 110.00 Between 15001 To 25000 ₹ 130.00 Between 25001 To 40000 ₹ 150.00 Above 40001 ₹ 200.00 Filing Of Returns Task Last Date Of Filing Returns Form Annual Returns Every year(s) on day 31 of May

‘West Bengal Professional Tax Slab Rate’ PDF Quick download linkis given at the bottom of this article. You can see the PDF demo, size of the PDF, page numbers, and direct download Free PDF of ‘West Bengal Professional Tax Slab Rate’ using the download button. West Bengal Professional Tax Slab Rate Book PDF Free Download Explanatory Notes SI. Class of person Rate of tax • Employees earning monthly salary or wages— (i) Not exceeding Rs.8,500 Nil, (ii) Above Rs.8,500 but not exceeding Rs. 10,000 Nil*, (iii) Above Rs. 10,000 but not exceeding Rs. 15,000 Rs.110 per month, (iv) Above Rs. 15,000 but not exceeding Rs. 25,000 Rs. 130 per month, (v) Above Rs.25,000 but not exceeding Rs.40,000 Rs. 150 per month, (vi) Above Rs.40,000 Rs. 200 per month (1) The rate of tax payable by any person covered in entry against serial number 4 above shall be Rs. 2,500 per annum irrespective of the amount of gross turnover or gross receipts of such person. (2) Notwithstanding anything contained in this 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. (3) For the purposes of entries against serial number 2, “annual gross income”, in relation to a person, shall mean the aggregate of the amounts including fee, remuneration, reimbursement, commission or any other sum, by whatever name called, relating to his profession or calling in West Bengal, receivable by him, and that of all...

It can be confusing to read your salary slip. Apart from your basic income, there are a number of heads related to house rent allowance, medical allowance, and several others. You would also see deductions made for tax. Deductions are necessary subtractions made from your income. The next time you receive your payslip, take a minute to study the break-up of thesedeductions; you may come across the head ‘Professional Tax’. Don’t confuse it with Income Tax, for it is not – the two taxes are not interchangeable. However, it may so happen that your salary slip does not mention Professional Tax; this is because not all Indian states impose it. Those which do impose the tax are Andhra Pradesh, Assam, Bihar, Gujarat, Karnataka, Kerala, Madhya Pradesh, Meghalaya, Orissa, Sikkim, Tamil Nadu, Telangana, Tripura, West Bengal, Maharashtra, Jharkhand, Manipur, Mizoram, Puducherry and Chhattisgarh. Is tax planning getting too taxing for you? You must know what is Professional Tax to simplify your tax calculations and payments. Hack your way out with insightful reads So what is Professional Tax? Professional Tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state. In a way, it is much like a toll bridge; if you use the facility, you must pay a token amount. Levied under Article 276(2) of the Indian Constitution, Professional Tax paymentis deducted by the employer from the salaries of emp...