How do we calculate the professional tax for the employees. Each state declares a slab and the professional tax is deducted on the basis of these slabs. Professional tax is a tax which is levied by the state on the income earned by way of profession, trade, calling or employment. Schedule i, list of goods exempt from tax under section 7. Working professionals, traders and people employed in other places have to pay professional tax if their salary qualifies for it. However, not all the states impose this tax, the following states impose this levy in india karnataka, west bengal, andhra pradesh, maharashtra, tamilnadu, gujarat, and madhya pradesh.
Please note these professional tax rates is only as per gujarat state we provide professional tax slab rates for all states in next article. From the acceptance of above clarification following new facts emerges. Study of taxes levied on tourism sector ministry of tourism. It is paid by dividing the annual professional tax due into 12 equal instalments, which are to be paid every month. Income tax ratesslabs for financial year 201112 assessment. The professional tax levied is collected by the state government of madhya pradesh and the tax levied depends on the professional tax slab rate of madhya pradesh. West bengal professional tax not applicable in states s. Professional tax is a tax levied at the state level in india. Please note a change in profession tax rates in andhra pradesh vide.
Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Short title, extent and commencement 1 this act may be called the andhra pradesh tax on professions, trades, callings and employments act, 1987. Gazette notifications under labour law in india simpliance. In the bill introduced in the state legislature, the objects and reasons for introducing the bill were stated as follows. Professional tax applicability in gurgaondelhi answers. Tax on professions, trades, callings and employments act, 1987. Professional tax slab rates in different states updated. Taxation refers to the process of an authority levying certain charges on goods. Salaried, selfemployed individuals, and companies in maharashtra are levied with professional taxes on their income from several sources. However, there are few states and union territories in india that do not charge professional tax too.
Appt profession tax andhra pradesh slab rates,payments. Property tax reforms in india international center for public policy. Here a list of states with enactments passed for effective implementation of professional tax administration is provided for your ready reference. Minimum wages in karnataka for 201617 pdf download. What are the documents required for professional tax. Minimum wages notification andhra pradesh 201112, 2012 please login cite. Given below is the professional tax slab rate of andhra pradesh for the financial year 20152016 depending on the salary. Scribd is the worlds largest social reading and publishing site. Professional tax slab in madhya pradesh have been revised in state finance budget 2018. Crores and provision for income tax amounting to rs. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. Jan 24, 20 plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax.
Statement of fiscal policy to be laid on the table of the a. Value added tax vat tax rates, process of calculation. Whether we need to deduct professional tax of employees at hyderabad working in same company only 8 members 3. Let us have a look at professional tax forms available for all states in india. Jun 21, 2012 i agricultural operations directly related to production of any agricultural produce including cultivation, harvesting, threshing, plant protection or seed the negative list entry in subclause i of clause d of section 66d is being modified by deleting the word seed. Andhra pradesh welcome to commercial taxes department. In this order, the first schedule has been replaced with an amended one.
The difference between the sale price and cost price of the assets sold was. Andhra pradesh has its own professional tax slab rate. The karnataka tax on professions, trades, callings and employments act, 1976. Professional tax rates in uttar pradesh this query is. Aug 19, 20 the union budget for the fiscal year 2012 has raised the service tax on apartments to 12. Professional tax slabs state wise simple tax india. Vat is tax that is levied on services and goods and is paid to the government by producers. Professional tax andhra pradesh pdf download citehr. Here you can find state wise professional tax slab rates of each state in india for 201920 along with with their payment due dates, associated forms, and website details. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Sample filled professional tax form 5 excel format. The andhra pradesh tax on professions, trades, callings and employments act, 1987 a.
Everything you need to know about professional tax. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. The per capita income at constant 200405 prices has also gone up from 44,526 in 2012 to rs. Why does vat on my television set vary in uttar pradesh as compared to that in karnataka.
Tax on professions is included in the state list and therefore only the state governments have the right to tax under this head. Apr 04, 20 now without obtaining a consent from itef, andhra pradesh circle and itsewa, andhra pradesh, the itef kerala circle has accepted the boards said clarification, which has fueled the issue that itef is a biased institution. The andhra pradesh gram panchayats act, 1964 act no. To change the pt slabs in the application, follows the steps explained in our document portal the major changes when compared to the old schedule are. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Income tax department time series data financial year 200001.
Form v returns of tax payable by employer under sub. Professional tax slab in madhya pradesh for fy 201819. Andhra pradesh professional tax slab rate professional tax slabs in andhra pradesh are revised on an annual basis. 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. Tax is deducted from an employees monthly income based on the slab rates and paid to the state.
Revised standard data for the year 2014 effective from 1st june, 20 schedule of rates 2014 government of andhra pradesh. The commercial department of the andhra pradesh has been delegated the responsibility to collect profession tax in the state under the appt andhra pradesh profession tax act, 1987. While it is important for every employee to learn professional tax calculation, it is vital to begin by understanding this tax itself. Rate of vat value added tax levied on airline turbine fuel atf. Professional tax in india updated on april 14, 2020, 15715 views. The gsdp at constant 201112 prices for the year 201819 advance estimates is estimated at. Projection of tax revenue on petroleum products and sales tax.
Complete details are available in the attached document pdf file. The last date to make remittance of professional tax in andhra pradesh state is 10th of every month. Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradesh mp, maharashtra, odisha, telangana ts, tamil nadu and west bengal here. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Andhra pradesh industrial infrastructure corporation limited will be held on. The new service tax is applicable to building constructions including apartment complexes, flats, row houses, and industrial and commercial complexes. Statement of objects and reasons at present the levy and collection of profession tax is administered by. Minimum wages notification andhra pradesh 201112, 2012. All you need to know about service tax on apartments. Maharashtra professional tax slab rate, latest news. Though the slab rates are same as described below, the income tax.
The karnataka tax on professions, trades, callings and. What is professional tax and professional tax slab rate in. Please can anyone advise on the professional tax rates in the state of uttar pradesh. Similarly, profession tax is applicable for selfemployed individuals having a halfyearly income of more than rs. Profession al tax slabs, profession al tax slabs all states, profession al tax slabs andhra pradesh, profession al tax slabs assam, profession al tax slabs gujarat, profession al tax slabs karnataka, profession al tax slabs kerala, profession al tax slabs maharashtra, profession al tax. Usually, they are deducted by employers on behalf of t.
Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Centre of excellence in fiscal policy and taxation ceft. In india, the professional tax is imposed at the state level. Professional tax for andhra pradesh pdf download citehr. All states professional tax rates simple tax india.
Professional tax rates for the fy 201920 wealthtechspeaks. Welcome to commercial taxes department gstandhra pradesh. New profession tax rates after maharashtra government budget and provisions. June 2018 madhya pradesh maharashtra minimum wage minimum wages minimum wages delhi minimum wages delhi 2018 minimum wages in andhra pradesh minimum wages in bihar minimum wages in chhattisgarh minimum wages in karnataka minimum. Mup to rs 15,000 nilrs 15,001rs 20,000 rs 150rs 20,001 or above rs 200 assammonthly salary professional tax levied p. The professional tax slab rates are revised every fiscal year and can be paid online by nonsalaried persons. Madhya pradesh professional tax ptax revised slab rate.
As per the section 16 of the income tax act, 1961, the amount paid by the salaried individual as profession tax can be claimed for the income tax deduction. 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. Income tax software fy 201516, ay 201617, it assessment software fy 201516 for salaried employees ap and ts,it software for govt teachers online software income tax act, income tax rates and slabs fy 20415 ay 201516, income tax online assesment, income tax calculation software slab rates of income tax fy 201415, rates of tax, normal rates of tax, finance act amendments. The professional tax slab rate is revised every year. Professional tax maharashtra professional tax slab in. Jan 04, 2012 andhra pradesh minimum wages revised draft w. Profession tax is not applicable for the state of himachal as confirmed by our collegues at shimla 2. Returns of tax payable by employer under subsection 1 of section 7 of the andhra pradesh tax on professions, trades, callings and employments act, 1987 form vi paying in slip for making payment to the collecting agents the a. Business owners, working individuals, merchants and people carrying out various occupations comes under the purview of this tax. Professional tax in andhra pradesh it should be noted that if you fail to obtain the required certificates within the stipulated time limits, the authority may impose a fine of not less than rs. The andhra pradesh tax on profession trades, calling and employment act, 1987. Professional tax tariffslab rates for tripura state is changed as follows. Attestation of employer is mandatory for professional tax form 5 excel format and if is there any delay in professional tax then we have to enter the interest rates also in pt form 5. The states which impose professional tax are karnataka, west bengal, andhra pradesh, telangana, maharashtra, tamil nadu, gujarat,assam, chhattisgarh, kerala, meghalaya, odisha, tri pura, madhya pradesh, and sikkim.
Between 200405 and 2012, the average annual gsdp growth rate of andhra pradesh was 7. Annual profession tax liability 2012, the average annual gsdp growth rate of andhra pradesh was 7. Professional tax 20 to 2014 docx download please login cite. For employers holding registration certificate, the period of returns to be filed on basis of annual tax liability amounts are as follows.
Form v returns of tax payable by employer under subsection 1 of section 7 of the andhra pradesh tax on professions, trades, callings and employments act, 1987 see rule 12 return of tax payable for the month ending on. Interestingly, the act explicitly bars local authorities to levy or collect profession tax in the state. The economy of andhra pradesh is one of the fastest growing economies in india, with growth outstripping that of the wider indian economy in the past few years. It is levied on every employee above a certain paygrade. Mup to rs 10,000 nilrs 10,001 rs 14,999 rs 150rs 15,000 rs 24,999 rs 180rs. Different states have varying methods of calculating professional tax.
Professional tax slab rates state wise in india 201920. Revised rates of profession tax in andhra pradesh taxguru. Schedule v, goods taxable at standard rate rnr of 14. Professional tax, luxury tax hotel and lodging houses, amusement and betting. Schedule of rates 2014 government of andhra pradesh. Professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business.
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