West bengal professional tax slab 2014-15 pdf

New professional tax slab in west bengal, 2014 updated on january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. Each state government revises its professional slab tax rates at regular intervals, usually on yearly basis. However, not all the states impose this tax, the following states impose this levy in india karnataka, west bengal, andhra. 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.

West bengal professional tax schedule specifies the rate at which the professional tax should be paid. Professional tax slabs for indian states sensys blog. Every person who carries on a trade either by himself or by an agent or representative or who follows a profession or calling or who is in employment, either wholly or in part within the state shall be liable to. Any one earning an income from salary or any one practicing a profession. Income tax act provides deduction under section 80dd, section 80ddb and. Bihar government has decided to impose professional tax on central and state governments officers and employees, railways, boards and corporation on the pattern of maharashtra, west bengal. Income tax slab for fy 202021 pdf download income tax. Vesting of statutory power under odisha state tax on proffesion to sri saswata mishra cct o income tax circular201516. National informatics centre instruction manual for ereturn filing 2015 7 profession tax deducted 1. As the professional tax levied by each state differs, the maximum amount that karnataka state can charge is rs. However, it seems javascript is either disabled or not. Income tax slabs in india, new income tax slab 2018 budget. Schedule to the west bengal state tax on professions.

As this tax is a state subject, the rate of profession tax varies from one state to another. In india, the professional tax is imposed at the state level. The professional tax slab rates in india are different from state to state. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as. Professional tax slab rates in different states updated.

Here are the latest telangana professional tax slab rates as per the. Maharashtra professional tax slab rate, latest news. Professional tax slab west bengal for the financial year 20192020 for monthly salary and wages. Mentioned below is the revised rates of west bengal professional tax for the financial year 20152016. 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. It is quite similar to the one in 2014 with some minor changes applicable to maharashtra and west bengal. Professional tax for the financial year 201415 wealthtechspeaks. The place where i work also deduct professional tax of rs 2400.

The west bengal fiscal responsibility and budget management frbm act, 2010 was enacted therefore in july 2010, with a subsequent amendment to it in april 2011. Now, therefore, in exercise of the power conferred by subsection 2 of section 26 of the west bengal state tax on professions, trades, callings and employment act, 1979 west ben. New professional tax slab in west bengal, 2014 wbxpress. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal.

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. Tax deduction at source on the interest accrued in the government accounts. While some states might charge it as a percentage value, other states tend. Schedule of rates of tax on professions, trades, callings and employments. The west bengal state tax on professions, trades, callings and employments rules, 1979 form iii see rule 12 return of tax payable by a registered employer under the west bengal state tax on. Likewise, the government of maharashtra of also revised its professional tax slab rates for the financial year 2014 15. Commercial tax revenue rises 10% in west bengal the. Professional tax slab rates in india for financial year 201617 4. The west bengal state legislature enacted the west bengal state tax on professions. What is professional tax and professional tax slab rate in.

However, employees with a monthly gross salary above. These deducted tds details are acknowledged in form 16 tds certificate. The states in india revise their professional tax rates for every financial year. Fy 2014 15 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. All about west bengal professional tax slab rate in india. I am already paying professional tax of rs 2400year for my business. Persons being individuals engaged in any profession or calling but not engaged as an employee being. Win 2014 15 the west bengal government collected commercial tax worth. Capital gains is the profit that you make from selling an asset, which can be real estate. In section 12b of the maharashtra purchase tax on sugarcane act, 1962, in clause e, for the word and figures year 2014 the words and figures years 2014 and 2014 15 shall be substituted.

The service tax rate applicable from 1st june 2016 is 15%. Javascript must be enabled in order for you to use the site in standard view. The age groups are up to age 60, age 60 to 80 and above age 80. Professional tax slab rates in india for financial year. The finance department of west bengal announced the rate of interest on general provident fund gpf for the financial year 201819 apr. The provident fund pf contribution is 12% of pf wages from both employee and employer. Following states impose this levy in india karnataka, west bengal, andhra pradesh, telangana, maharashtra, tamil nadu, gujarat, assam.

West bengal finance minister amit mitra presented another taxfree budget on friday even as the. Agriculture income section 101 as per section 101, agricultural income earned by the taxpayer in india is exempt from tax. Investments fall for second year in row in 2014 15. The professional tax slab rates in west bengal with effect from. Professional tax 20 to 2014 docx download please login cite. The professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. The maharashtra state tax on profession, trades, callings. In the following post, we see the rates which are applicable for different entities. In cases in which tax has to be deducted under sections 193, 194, 194a, 194b, 194bb, 194d, 194lba, 194lbb, 194lbc and 195 of the incometax act, at the rates in force, the deductions. Income tax slab in india for fy 20172018 information about latest tax brackets or current tax slabs in india with new income tax slab budget 2017 for women, senior citizen, pensioners and individual with. New professional tax slab in west bengal, 2014 updated on january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west.

In this post, we will discuss the relative changes in the tax slab for 201617 for. Likewise, the government of maharashtra of also revised its professional tax slab rates for the financial year 201415. Article discusses benefits under income tax and profession tax act available to disabled or handicapped persons. Profession tax is the tax levied and collected by the state governments in india. Though the same slab rate is applicable for the selfemployed. Professional tax rate 20 2014 in gujarat pdf download. For the calculation, the maximum limit of basic is rs 6500. The age of the individual is the factor to divide the slab rates in the income tax table. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department. West bengal professional tax slabs, rates, registration. Dear elsa, please click on the below link for information on pt slabs etc. Professional tax is the tax charged by the state governments in india. West bengal professional tax wb ptax rates, slabs, act. P rofession tax is a tax levied on a person engaged in any profession, trade, calling and employment in west bengal.

Latest income tax helpline customer care toll free numbers. This rate is an inclusive rate and shec and education cess is not required to be charged above this. Rate of interest on gpf for the fy 201819 apr 2018 mar. Taxfree budget in west bengal business standard news. Moreover, the state may change the tax rates every year. Cost inflation index is a measure of inflation, used to calculate longterm capital gains from sale of capital assets. Schedule to the west bengal state tax on professions, trades. West bengal professional tax slab rate figures taken from schedule of tax available on wbprofessiontax. If you are applying for first time choose this option.

Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref. As per the karnataka professional tax slab rates, all individuals with a monthly gross income less than rs. You will find professional tax slabs applicable in some of the states. Cost inflation index cii is used to calculate longterm. Professional tax in west bengal is governed by the west bengal state tax on professions, trades, callings and employment act, 1979. I have my own business and i am also doing a job in another company. Form 16 in excel format for ay 202021 free download.