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
In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
I want to know about the site where i can do online application for F form. Please suggest site address and procedure.
how to calculate vat, st, cst, excise duty, customs duty, tds.
Type of form use in sales Tax
What is CAARO?
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
Why service tax payable is not considered while calculating Wct Tds.
How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
whether octroi service charge levied on entry tax? and is service tax levied on octroi service charge?
How many turnover company active TAN no applicable and how many deduction % of service.
If i want to change a proprietor concern yo a partnership concern. do i have to pay full tax on every product i have in stock or just simple make a partnership deed and apply a new pan card and register in sale tax department ?