Professional Tax
Tags :
Professional Tax, Tax, Tax in Profession, Taxation,
Industry :
Taxation
Functional Area : Professional Tax |
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About "Professional Tax" topic:
Professional Tax in India Professional tax is levied by the State.
For Example:Professional Tax in Tamil Nadu:
There shall be levied by the
Municipal Council a tax on profession, trade calling and employment.
Every company which transacts business and every person, who is engaged
actively or otherwise in any profession, trade, calling or employment
with in the Town Panchayat on the first day of the half-year for which
return is filed, shall pay half-yearly tax at the rates specified:
Six months income (Rs.)
21,001 – 30,000 -- Tax Rs. 752
30,001 – 45,000 --- Tax Rs. 188
45,001 – 60,000 -- Tax Rs. 390
60,001 – 75,000 -- Tax Rs. 585
75,001 and above -- Tax Rs. 810
Profession Tax Collectable from the salary of August (Ist Quarter ) and January (IInd Quarter)
There shall be levied by the Municipal Council a tax on profession, trade calling and employment.
Six months income (Rs.)
21,001 – 30,000 -- Tax Rs. 752
30,001 – 45,000 --- Tax Rs. 188
45,001 – 60,000 -- Tax Rs. 390
60,001 – 75,000 -- Tax Rs. 585
75,001 and above -- Tax Rs. 810
Profession Tax Collectable from the salary of August (Ist Quarter ) and January (IInd Quarter)
3 debates
on topic: "Professional Tax"
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(rate this)
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Tax is justified
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Not Jsutified
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Nikhil
| Argues in support of
"Not Jsutified "
| 2 years ago
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While some LIC agents—say about 10%— are doing exceedingly well, most others merely eke out an existence. Some of them don’t even earn Rs 2,500 a year as agents Tax authorities have launched an amnesty scheme for those who pay their dues before...
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Debate: "Professional tax order deals a blow to LIC agents " deleted from your view.
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(rate this)
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tax
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1
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0
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other tax
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sikander
| Argues in support of
"tax"
| 1 year ago
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i want debute about different kind of taxes
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Debate: "debut about taxes and rules of income tax" deleted from your view.
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(rate this)
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are you agree that it should be
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4
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0
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not should be
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prachijindal
| Argues in support of
"are you agree that it should be "
| 8 months ago
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The capacity for those with MBAs to earn higher income, these taxes should be adjusted accordingly; also consider that taxation is a policy which is decided for masses at large - taxes should be fixed and not based on profession;
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Debate: "MBA programs should be taxed at higher rates in India" deleted from your view.
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