Webb11 apr. 2024 · Under Article 276 of the Indian Constitution, the state governments are empowered to decide the rate for the professional tax in the state. The maximum amount that can be charged under this tax regime is Rs. 2500. In a few states, this tax is even levied on the basis of source of income. Webb21 sep. 2024 · Introduced in 1949, professional tax is a direct tax deducted from earning individuals’ salary or wages by the employer. Just like in any other deductions, such as …

Professional Tax Slab FY 23 - 24 - Fincash

WebbGet accurate Professional Tax Slab rate for Bihar & other details like PT act, rule, filing of returns, p tax registration, due dates, PT deduction, PT exemption, PT challan & latest … Webb6 maj 2024 · All person subject to professional tax are subject to following compliances 1. Registration 2. Payment of tax 3. Return filing a) Monthly b) Annually The above mentioned are discussed hereunder: PROFESSIONAL TAX REGISTRATION There are two kinds of Professional Tax Registrations: 1. Professional Tax Employer Registration michael bachmayer hartheim

2671552 - Revised Professional Tax slab and rate changes

WebbThe act is applicable throughout Bihar. In Bihar, the professional tax is collected by the commercial taxes department. Professional tax can be collected at a maximum of Rs. … Webb11 apr. 2024 · The combined share of Delhi, Bengaluru, Hyderabad, Pune, and Chennai in the direct tax corpus has risen to 44 per cent in 2024-23. In FY23, Chennai collected Rs 1.05 trillion, Pune Rs 91,973 crore, and Hyderabad Rs 88,438 crore. The revenue department wants laggard states such as Uttar Pradesh and Bihar to emulate the … WebbThe Bihar State Tax on Professionals, Trades, Callings, and Employment Act, 2011 (the "Bihar PT Act") was enacted to levy a tax on professions, trades, ... PT Slab. Salary and wage earners whose monthly salaries or … michael bachmeier in south dakota