Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Profession Tax?

Answer Posted / thomas mathew

Profession tax is tax levied by state governments. This is
a tax payable on professions, trades, callings and
employmnets. Under this, every one (ie. employer,
employee and self employed) will have to pay tax. For the
employees it is the liability of the employer to deduct tax
according to salary salb fixed by state governments (which
varies from state to state) and pay to government. Self
employed has to pay profession tax directly to govt.
Companies (employer) is also to pay tax. (In West Bengal
the tax rate for comapny is Rs.2500/- per annum.)
In short every one who earns by way of business,
employments, consultation by doctors, chartered accontatns,
enginners etc. has to pay profession tax.

Is This Answer Correct ?    17 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the procedures for remitting WCT?

2081


Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

2003


How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.

12243


procedure to get Raw Material free of excise duty under Central Excise Act,

1911


What is excise & service tax? What is the difference?

994


explain the special provisions for computing profit and gains of retail business

2092


Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee

2571


how to pass service tax reverse charge entry pass in books

3403


how to file returne?

2392


What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?

5614


How treat TDS & TCS in manual or Tally 9 softwere ?

3975


What is the %age of T.A.,D.A.,H.R.A.,BASIC

4285


1· What is a bad credit score? 2· What does my credit score mean? 3· Can I check my Vantage credit score range online? 4· Should I have perfect credit score, that is, above 800 credit score? 5· With a 600 credit score, how to improve my credit rating score? 6· How to raise my credit score if I have 500 credit score? 7· How to increase your credit rating score quickly? 8· How can I find out my credit rating score for free? 9· Home Equity Loans ????????· 10. Calculate Mortgage 11· Mortgage Payment 12· Mortgage Payment Problems

1796


Define the term person?

1062


what is the circle of tds and its rate chart

5536