The Profession Tax assessment and collection is coming under the provision of tax on professions, trades, calling & employments, under the Tamilnadu Municipal Laws (Second Amendment) Act 1998 Profession Tax is higher source of income next to Property Tax. The Profession Tax assessment is calculated based of the Half Yearly gross income for the following… Read more »
Monthly Archives: May 2018
Reduction of PF Admin Charges from 0.65 % to 0.50%
Dear Employer Good News Reduction of PF Admin Charges from 0.65 % to 0.50% the said reduction is effective from 1st June 2018 subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.Notification 👇Download:- Reduction of PF Admin ChargesNow the total challan… Read more »
Exemption from payment of late fee U/s 6(3)- of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975
Dear employers As per section 6(1) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (the Profession Tax Act 1975), every employer who has obtained Profession Tax Registration Certificate (PTRC)under the Profession Tax Act, 1975 has to furnish return in the prescribed format showing the salaries and wages paid by him … Read more »
Madhya Pradesh Professional Tax (PTAX) Revised Slab Rate
Profession Tax (P.Tax) slab in Madhya Pradesh have been revised. New rates will be applicable w.e.f. 01-04-2018. Madhya Pradesh government in its finance budget 2018 have amended the professional tax slab rates for employees. The new PT rates aim at providing some relief to the salaried employees and increase their take home salary. Professional Tax Slab In… Read more »