Posts By: Prakash Consultancy Services

Chennai New Profession tax slab 2018

Posted by & filed under Profession Tax.

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 »

Reduction of PF Admin Charges from 0.65 % to 0.50%

Posted by & filed under Provident Fund - (Notification -Circulars).

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

Posted by & filed under Profession Tax- Maharashtra.

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

Posted by & filed under Profession Tax.

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 »

Amendments To The Guidelines Of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) For EPF And EPS Members

Posted by & filed under Provident Fund - (Notification -Circulars).

As per EPFO circular dated 24th April 2018, the EPFO has intimated an amendment to the guidelines of Pradhan Mantri Rojgar Protsahan Yojana. ( Earlier this Scheme was introduce in the Month of Aug-2016 where in if the following conditions were full fill then only Employer could take the benefit of the same) earlier only 8.33 %… Read more »