Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax.

2,500 per annum. 20. Each Coparcener (not being a minor) of a Hindu Undivided Family, which is engaged in any profession, trade or calling. (1/4/2006 Onwards) 2,500 per annum. 20A. Persons, registered under the Maharashtra Goods and Services Tax Act, 2017 (1/7/2017 Onwards) 2,500 per annum. 21.

INCOME-TAX Professional Tax - What is Professional Tax, Rates, Due Date, Compliance Updated on: Apr 24th, 2023 | 11 min read CONTENTS [ Show] Many salaried employees might be very well aware of the term ‘professional tax’ as it would have been mentioned in the payslips/Form 16 issued to them.

Govt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Bill, 2023 to notify changes in Profession Tax Rates w.e.f. 01.04.2023.

New Professional Tax Slab in Karnataka from 1st April 2023; Maharashtra Professional Tax : New template of PTRC returns in Form IIIB (2023-2024) Karnataka Labour Welfare Fund| Registration & Online Payment Procedure| Last Date 15-01-20223

(i) the words “C-Profession tax Levy of Maximum and Minimum Rates” and Rules 14 to 21 shall be omitted ; (ii) In Rule 27, for clause (b), the following clause shall be substituted namely:- “(b) the imposition by the executive authority of tax on any vehicle ; and”;

Published: Sep 21, 2022, 5:13pm. Professional Tax Slab in West Bengal; Key Features of Professional Tax . Bottom Line.. Professional Tax Slab in Major States and UTs.

Professional Tax Slab Rate in Tamil Nadu. In Tamil Nadu, the amount of professional tax payable is based on the average monthly income of an individual/entity. Take a look at the table that displays the Tamil Nadu professional tax slabs.

The government has revised Super Tax slabs for the fiscal year 2023-24 (FY24) and introduced major changes for individuals with higher incomes. For individuals with an income group of below Rs.

Pakistan budget 2023-24: new slabs for taxable income. The government on Friday presented the budget for fiscal year 2023-2024. The government increased salaries of its employees by 35 percent. Workers in the private sector had little hopes from the budget, they looked eager to know whether the government would increase income tax.

Income Tax Slab for FY 2022-23 AY 2023-24 By CA Satbir Singh | February 24, 2023 0 Comment (Last Updated On: February 24, 2023) Income Tax Slab for FY 2022-23 AY 2023-24 Income Tax Slab for FY 2022-23 AY 2023-24 and Income tax Slab for FY 2021-22 AY 2022-23 as Amended by Finance Act 2022 1.

The Union Budget 2023-24 has made significant changes in the new tax regime of Income Tax. In the new income tax regime, individuals earning up to INR 7 lakh annually will not pay any.