Professional tax compliance maharashtra

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August undefined, 2024

Webb17 mars 2024 · In India, professional tax is imposed at the state level. However, not all states impose this tax. The states which impose professional tax are Karnataka, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat,Assam, Chhattisgarh, Kerala, Meghalaya, Odisha, Tri pura, Madhya Pradesh, and Sikkim. Webb6 apr. 2024 · The Government of Maharashtra, vide Notification No. 35, amended Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, including amendment in the schedule of rates of tax on professions, trades, callings and employments. Please refer to the notification for more details

PROFESSIONAL TAX ACT Department of Goods and Services Tax

WebbWhen you look at your payslips or Form 16, you will notice professional tax deductions and basic salary, conveyance, and other deductions. Professional tax generally ranges to ₹200 per month. Professional tax is applicable in India and generally differs from state to state. However, in a few states, they observe no deduction at all. Webb6 apr. 2024 · Maharashtra The Maharashtra State Tax on Professions, Trades, Callings And Employments (Amendment) Act, 2024 . The Government of Maharashtra, vide … speedy services bristol

Professional Tax in Maharashtra - Simpliance

WebbProfessional Tax Registration. Profession Tax is a state-level tax and it applies to some states in India on. Salaried employees and professionals, including CA, lawyers and doctors. Registration to be taken within 30 days of its applicability. Our Fee Starts @ Rs. 10,000/- + Applicable GST. WebbMoreover to this, we do take care of all the responsibilities and requirement of Tax Compliance Service for clients. S. K. Jaiswal & Co. Laxmi Nagar, New Delhi 3/127, UGF Vikas Lane, Lalita Park, Laxmi Nagar, New Delhi - 110092, Delhi WebbMaharastra Professional Tax Form IIIB Maharashtra amended the Professional Tax Form IIIB into an electronic return. The Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Rules, 2024 has appended Form IIIB for electronic returns. It is effective from 1st April, 2024. The new format of the form is attached for ... speedy services east london

Profession Tax Act, 1975 Maharashtra - WIRC-ICAI

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Webb9 apr. 2024 · Professional Tax in Maharashtra Self-employed, salaried individuals and companies are liable to pay professional tax on their income in Maharashtra. While this … WebbIn the states of Andhra Pradesh, Haryana, Karnataka, Tamil Nadu and others, it is an annual payment whereas for Gujarat, Madhya Pradesh, Maharashtra etc the payment is in June and December. For example, in Tamil Nadu, employee contribution is Rs. 14 per annum and employer contribution is Rs. 21 per annum. speedy services lseWebbHere is the list of Statutory Rules in India which a company must adhere to. Shops and Commercial Establishments Act (S&E) The Employees Provident Funds and Miscellaneous Provision Act – 1952 (EPF) The Employees State Insurance Corporation Act – 1948 (ESIC) The Professional Tax Act (PT) 1975. The Labour Welfare Fund Act (LWF) 1965. speedy septic tank services chinle arizona

"WebbTo understand the Profession Tax provision of your state contacts us at 9372644735. Exemptions to Profession Tax: – Certain class of entity and individual are exempt from payment of profession tax. For example in Maharashtra for Sr. Citizen Profession Tax is exempt. Women employees Drawing salary upto Rs 10000/- pm also exempt. " - Professional tax compliance maharashtra

Professional tax compliance maharashtra

Gazette Of Maharashtra Gazette Notification Gazetteer …

WebbBetween 7501 To 10000. ₹ 175.00. Nil for Women. Above 10001. ₹ 200.00. Above 10001. ₹ 300.00. Employer has to deduct on February month only. Filing Of Returns. Webb12 feb. 2024 · State Government of Maharashtra levies Professional Tax at the rate of Rs. 200/- for 11 months and Rs.300/- for the last month. Women who earn Salary up to Rs.10,000/- per month are exempted from paying Professional Tax.

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WebbProfessional tax is one of the two taxes levied by the state government of Maharashtra. It is an income tax levied on professionals. The other is vat. A consumption tax levied on the sale of goods and services. The professional tax is a flat-rate tax, and it is paid annually based on turnover made during the year. Webb13 sep. 2024 · Professional Tax (PT) is one of the statutory compliance requirements for businesses. Unlike TDS, EPF and ESI, PT is levied by the respective state governments. But there’s a catch! Not all Indian states impose a professional tax. Also, the tax applicable to different income slabs may vary from one state to another, but it has a maximum limit ...

Webb10 dec. 2024 · Professional tax is the tax that the State governments in India levied and collected. It’s a tax that is indirect. Anyone who earns wage incomes or a practitioner, such as an accountant, an accountant, a lawyer, a physician, etc., shall pay this professional fee. Various states have varying collection rates and processes. Webb28 sep. 2024 · For each member details shall be given By 30th April every year. 10. Yearly Consolidated statement of contribution. To be forwarded yearly along with Form 3A. 11. Return of ownership of the establishment. Within 15 days on coverage and whenever there is a change in ownership. 12. Transfer of PF.

WebbIn this video, you will learn how to file online Annul Return or Monthly Return Professional Tax of Maharashtra. Second thing you will be able to understand ... WebbThe Tax Group offers its clients a wide range of Tax Advisory and compliance Services, including Compliance of Tax Provisions. K. K. Jhunjhunwala & Company Cinchpogle, Mumbai Office No.8A, 8th Floor, Astral Centre 470/B, N.M Joshi Marg, Cinchpogle, Mumbai - 400002, Dist. Mumbai, Maharashtra

WebbStep 1: Visit the official website of the Maharashtra GST Department. Step 2: Click on ‘e-Payments’ and select the right option as per the status of professional tax payment. Step 3: Select the applicable professional tax act, i.e. either PTRC Act or PTEC Act.

WebbProfessional Tax is governed by the Trades, Callings and Employments Act, 1975. Person doing business in Maharashtra like Professionals, Traders etc. is liable to obtain Profession Tax Registration certificate and do compliance of profession tax. speedy services hvoWebb1 apr. 2024 · The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Profession Tax Act) applies to whole of State of Maharashtra … speedy sense media thailandWebb1 apr. 2024 · I. PURPOSE AND SCOPE. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Profession Tax Act) applies to whole of State of Maharashtra and has come into operation from 1-4-1975. The Tax is levied and collected subject to the provisions of Article 276 of the Constitution of India for the benefit of the … speedy services grangemouthWebbP-Tax or Professional Tax is being imposed by all the State Govt. on every paid individual. The P-Tax is inflicted based on the profession, trade, or employment of the individual taxpayer. The tax rates also varied according to the various State Governments but the highest amount of payable P-Tax is INR 2000 per annum. speedy services haydockWebbFör 1 dag sedan · Likewise, the Government of Maharashtra of also revised its professional tax slab rates for the financial year 2024-21. Mentioned below are the professional tax slab rates applicable for salaried and self-employed professionals in Maharashtra. Rs. 200 per month except for the month of February. Rs. 300 for the month of February. speedy services nscWebbThe Maharashtra State Tax On Professions, Trades, Callings And Employments Rules, 1975. Applicability. A person or employer by whom tax is payable under this Act. … speedy services milton keynesWebbNon-compliance under Professional Tax regulations in Maharashtra could attract heavy penalties or fines. The penalty for Not Obtaining Professional Tax Registration. A penalty … speedy services slough