WebMay 8, 2024 · This form of tax is in practice for a long time and States were conferred the power of leveling the Tax under Clause (2) of Article 276. The Professional tax slabs & rate is fixed based on the Income Slab of an Individual. The maximum amount of PT that may be levied by any State in a Financial Year is Rs 2500/-. WebAmendment of Profession Tax slabs-08042024 Ascent Consulting Services Pvt. Ltd. Gujarat Main Page. Gujarat. Amendment of Profession Tax slabs. 8 th April, 2024.
Professional Tax : Slab, Rates & Applicability in India
There are a few mandatory documents one must produce to register for professional tax: 1. Office tax bill 2. Owner ID proof 3. Rental Agreement 4. Two Passport size photo of owner 5. LWF paid receipt 6. Owner Tax bill & receipt 7. Memorandum Of Association, Articles Of Association and Incorporation … See more Here are a few important dates to keep in mind if you are an individual paying taxes in Gujarat: Both monthly and quarterly payments and collections are made for professional taxes. The employer or the business owners … See more Given below are the details on the tasks and last date of filing taxes. The official forms for reference are also given below: See more The payment must be made within 15 days after the end of the month if the employer or business owner has more than 20 employees. If the firm has fewer than 20 employees, … See more WebFeb 15, 2024 · A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. Profession Tax Is Deductible Under Section 16 (iii) Of The Income Tax Act According to Section 16 (iii) of the Income Tax Act 1961, the profession tax paid by an employee is allowed as a deduction from his/her gross salary income. family tree game online
Gujarat profession tax slab 2024-23 for salary and …
WebMar 3, 2024 · Gujarat – Professional tax Exemption Notification w.e.f 1st April’2024. Notifications / By UCS. Gujarat Government has proposed that salary or wages up to … WebPT Slab change for Gujarat in Apr – 2024. In this blog, we will see the latest notification from the state government of Gujarat fixing the rate of professional tax. For wage … WebThis Tax is levied based on slab rates depending on the Income of the Individual. This Tax is just like Income Tax except for the fact that Income Tax is collected by the Central Govt and Professional Tax is collected by the State Government. When this tax was first introduced in India, the maximum limit on the tax to be collected was Rs. 250. family tree from ruth to jesus