1961, but does not include bonus in any form and on any account or gratuity. This portal belongs to department of commercial taxes portal,state government of jharkhand, india. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as. Professional tax slab in madhya pradesh have been revised in state finance budget 2018. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. How the tax cuts and jobs act impacts professional service. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, lawyer, doctor etc. Professional tax acts department of commercial taxes.
Different states have varying methods of calculating professional tax. Taxact professional tax software pro tax preparation. Professional tax software for cpas, accountants, and tax professionals. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule. The professional tax is a source of revenue for the state governments which helps in implementing schemes for the welfare and development of the. Professional tax slab rates in different states updated for. Never had an issue with calculations or missing any important credits or deductions to the return. This tax is to be paid to the respective corporation municipality in which the company is situated. Professional tax act department of commercial tax government. This tax needs to be paid on earning of salaried people and professionals.
Application for certificate of enrollmentrevision of certificate of enrolment under the andhra pradesh tax on professions, trades, callings, and employments act, 1987. Profession tax in respect of dealers registered under the karnataka sales tax act, 1957, is entrusted to the respective assessing authorities. Tax act, 1957, is entrusted to the respective assessing authorities. It shall come into force on and with effect from the date of its.
Welcome to professional tax efiling system this website facilitates the professional tax payers to enter and submit returns and make the payment electronically. The maharashtra state tax on profession, trades, callings and. Professional tax in gujarat is governed by the gujarat panchayats, municipalities, municipal corporations and state tax on professions, trades, callings and employment act 1976. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. The andhra pradesh tax on profession trades, calling and employment act, 1987. Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. Professional tax acts professional tax acts jharkhand. Taxact professional tax software pro tax preparation software. For the purposes of this chapter, a employee means a person employed on salary and includes. Im very satisfied with my purchase for the 5th year in a row. The taxact attachment manager allows you to attach pdf copies of supporting documentation to your return. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords.
Professional tax interest on non payment on of professional tax, article 276. As per the tamil nadu municipal laws second amendment act 59 of 1998, section 8 c, any individual occupied in any trade, profession, employment and calling in the city limits of the corporation of greater chennai, will have to pay the halfyearly professional tax. Profession tax in respect of dealers registered under the karnataka sales. Professionals refer to people are in a specialised field, such as medicine doctors, accountancy cas, media independent journalists, information technology. Need help getting started with taxact professional. Keywords commissioner, corporation area, employer, month, person, profession tax. Professional tax is imposed at state level in india and each state has a different method of collecting tax. Professional tax act department of goods and services tax. Profession tax is levied under the karnataka tax on professions, trades, callings and employments act, 1976. The professional tax payers can generate the certificate online without visiting the pt offices. The program will determine which optional or required attachments apply to you. Therefore, the government of punjab had stopped making assessment and recovery of professional tax once levied on the basis of payable income tax at the rate of 1% under the provision of section 6 of the punjab finance act, 1977 and had reverted back to the previous schedule forming the basis of assessment of professional tax in accordance with.
Professional tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state. This form of tax was first levied in india in the year 1949 and the power to levy professional tax has been given to the states by way of clause 2 of article 276 of the constitution of india. Here are the latest telangana professional tax slab rates as per the telangana tax on profession, trades, callings and employment act 1987 for the year 2019 and also find due date for payment of professional tax in telangana. Apr 17, 2019 the professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. This act may be called the punjab state development tax act,2018. Every person, engaged actively or otherwise in any profession, trade, calling or. Under the act profession tax department of goods and. This tax is compulsory, but you can claim the income tax deduction on the amount paid as profession tax. Firms may be organized as limited liability partnerships, limited liability companies, general partnerships or. May 25, 2019 professional tax forms for all states are available here. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975. The amendment to the ap tax on professions,trades,calling and employments rules,1987.
Technical and professional consultants other than those. Mukherjee road, kolkata 700001 edition based on provisions applicable for ay 201415 references 1. Due to compliance reasons, users will now be required to have the. The professional tax is administered under the provisions of the punjab finance act 1977 and the punjab professions and trade tax rules 1977. The basis of this tax is to bring various categories of persons engaged in different trade, callings and professions.
Professional tax is a tax which is levied by the state on the income earned by way of profession, trade, calling or employment. New rates of professional tax pt deduction will be applicable w. Professional tax is the tax by the state governments in india. Short title, extent and commencement 1 this act may be called the andhra pradesh tax on professions, trades, callings and employments act, 1987. Taxact professional is very userfriendly and accurate. Profession tax means the tax on professions, trades, callings and employments levied under this act. According to the professions, trades, callings and employment act 2000, all professionals enjoying a monthly income above a certain level are liable for professional tax payment. What is professional tax and professional tax slab rate in. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. This tax is levied under the sindh finance act, 1964. Each state declares a slab and the professional tax is deducted on the basis of these slabs.
Persons engaged in any profession or trade involving supply of goods or services or both, being a dealers as defined under the west bengal sales tax act, 1994 west ben. The tamil nadu panchayats act, 1994 tamil nadu act 21 of 1994 1 chapter ixa tax on profession, trade, calling and employment 198a. Professional tax maharashtra professional tax slab in. Amendments to profession tax act, rules and notifications issued thereunder. Professional tax act a penalty at the rate of 50% of the tax due from him in addition to the actual tax. Javascript must be enabled in order for you to use the site in standard view. The department now reaching out to tax payers on a onetoone basis to highlight the urgent need to quickly discharge the profession tax dues. Schedule to the west bengal state tax on professions. Constitution of india article 276 states that the total amount payable as profession tax should not exceed rs. I am pleased to inform you that my april 2020 edition of ebook on the goods and services tax act, 2017 has now been released on april 1, 2020. Professional tax slab for tamil nadu has been revised 2018.
The jharkhand tax on professions, trades, callings and employments act, 2011. If you are applying for first time choose this option. Accurate professional tax slabs, benefits for odisha. Return of tax payle by under subsection 1 of 6 of the aijarat state, tax on profession, iyades, callirgs and act, 1976 see rule 11 of tax for cn. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as follows. Import returns user can import client returns from pdf or prior year taxact data. Act 35 tax on professions, trades callings and employments 179 amending act 6 of 1995. The andhra pradesh tax on professions, trades, callings and employments act, 1987 a. Professional tax slab rates in different states updated. It would be convenient for the officers who collect registration fee under the karnataka sales tax act, 1957 during the month of april every year, to collect simultaneously, the profession tax also for the dealers. The maharashtra state tax on profession, trades, callings. This insight focuses on changes that affect law firms and other similar professional service firms. The karnataka tax on professions, trades, callings and employments act, 1976. Act xlix of 1994 or the west bengal value added tax act, 2003 west ben.
Oct 25, 2017 in this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. There are different types of pdf, most importantly image only pdf and pdf with text. Visit our resource page for guides and videos for tax preparers. It is being developed with an objective to enable a single window access to information and eservices provided by the department. Accurate professional tax slabs, benefits for kerala. Thank you taxact for making my tax preparation a whole lot easier. Total amount of professional tax paid during the year is allowed as deduction under the income tax act. It would be convenient for the officers who collect registration fee under the karnataka sales tax act, 1957 during the month of april every year, to.
This form of tax was first levied in india in the year 1949 and the power to levy professional tax has been given to the states by way of clause 2 of. The maximum amount of professional tax that can be imposed by any state in india is inr 2500. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act, 1975 which came into effect from 1 st april 1975. This tax is in addition to any other taxes such as income tax, indirect tax gst etc.
Exemption for professional employees under the fair labor standards act flsa this fact sheet provides information on the exemption from minimum wage and overtime pay provided by section a1 of the f lsa as defined by regulations, 29 c. Pt act 1987 as amended the commercial taxes department is the nodal agency which collects the profession tax dues from professionals in the state. This tax is levied and collected onfrom the persons or class of persons engaged in a profession, trade, calling or employment in the province of the punjab and it shall come into force on and from the. The profession tax assessment is calculated based of the half yearly gross income for the following categories. Responsibility of the deduction and payment of employees pt lies with the employer. The professional tax slab rates on salary and wages in maharashtra are as follows. Act xlix of 1994 aa commissioner means the commissioner of profession tax appointed under section. Act xxxvii of 2003 or the central sales tax act, 1956. The registration process for professional tax in tamil nadu can be completed online. Rupees 1,250 4 in the case of companies registered as per companies act, 1956, engaged in any trade rupees 1,250 or profession. Goods and service tax allocation of gst taxpayers to state authorities as on 08. Professional tax is the tax levied by the government of india on individual earning income from salary or professionals such as doctors, lawyers, accountants. Commissioner of profession tax to exercise the powers and perform the.
Professional tax is a source of revenue for the government. The karnataka tax on professions, trades, callings and. The karnataka tax on professions, trades, callings commercial. You may get your copy of latest amended and updated ebook on gst act 2017 in pdf at reasonable price. Exemption from payment of late fees for ptrc tin holders who have obtained tin on new sap system. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into operation from 141975. It extends to the whole of the state of maharashtra.
The most likely cause of a problem attaching a pdf file is the file size. As per the as per kerala municipal act, 1994 section 254 it is mandatory for all employees who are drawing a half yearly salary of more than rs. Professional tax slab in madhya pradesh for fy 201819. Halfyearly tax advocates, private doctors, vaidyans, paramedical experts and others engaged in similar professions. The taxact professional 2019 editions allow you to install all available. Profession tax shall be paid by every person exercising any profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the schedule to the act.
However, there are few states and union territories in india that do not charge professional tax too. The commercial taxes department is the nodal agency which collects the profession tax dues from professionals in the state. Amendment to maharashtra state tax on professions, trade, callings and employment act, 1975, by maharashtra act no. Watch this video to learn how to import pdfs of 1040 returns prepared with other professional tax software into taxact 2016. It is part of the educational kit and takes the students step by step through each phase of preparation stressing key concepts, pointers and procedures. Profession tax as per kerala municipal act, 1994 section 254. 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 hisher gross salary. Profession tax enrolment user manual 2014 2 first time application a step by step road map this is the view of home page for online enrolment of profession tax. The professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Attachment may fail for any file larger than 2 mbs. What is professional tax and professional tax slab rate in india. Ebook on gst act 2017 in pdf april 2020 edition aubsp. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. This study material has been published to aid the students in preparing for the tax laws and practice paper of the cs executive programme.
Profession tax, directorate of commercial taxes,government of west bengal. Rupees 1,250 3 business establishments registered as per general sales tax act. Tax on professions, trades, callings and employments act, 1987. Exemption from payment of late fee us 6 3 of the maharashtra state tax on professions, trades, callings and employments act, 1975.
546 523 825 282 423 969 448 1253 1073 13 812 1002 139 1343 376 199 510 75 96 1531 1016 1318 1002 705 665 217 67 1139 414 91 731 1067 105