Nnprofessional tax slab in west bengal 2011-12 pdf

Subjcet 201112 2012 2014 201415 201516 prov a revnue income tax income 1 general tax 9565 11111 930 14989 15549 2 water taxcharges 3384 4043 5116 6684 8023 3 conservancy tax 2535 3042 3763 4052 4386 4 solid waste management charge 438 530 13 1269 98 5 professional tax 2720 3090 3200 3509 3800 6 other tax 107 114 52. Income tax slab from assessment year 20012002 to a. Income tax slab rates for last 25 years in india 199293. Cooperative societies, firms local authorities and llps. Further, the debtgsdp ratio is also to be kept within 25%.

Dear member, gujarat pt slab for the following 3000 to 5999 rs. Professional tax is levied through predetermined slab rates by the respective states. West bengal professional tax wb ptax rates, slabs, act. Each state government revises its professional slab tax rates at regular intervals, usually on yearly basis. Nodepartment 200708 200809 200910 201011 201112 ending 112011 title. On the recommendations of 14th finance commission, government of india have increased the devolution from 32% to 42% of the net divisible pool. Schedule to the west bengal state tax on professions. Profession al tax slabs for different states in india. You can calculate your income tax by using the below table calculator. Directorate of commercial taxes, west bengal for the year 201112. It is therefore, clarified that contribution made by an employee alone will be eligible to deduction limit of upto rs. Kindly provide us all over india state wise professional tax slab of current year 201112. Professional tax rates in maharashtra mumbai professional. Schedule of rates of tax on professions, trades, callings and employments after budget.

Professional tax slab rates in different states updated. Clause 2 of article 276 gives power to the state to levy professional tax. 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. Let us assume that an employee earns rs 7,000 per month rs 42,000 in a halfyear period. Quick highlights base slab for general tax payers increased to 1. Procedure to be followed for submission of data to the sale purchase mismatch application for 201112. Aug 11, 2011 income tax rate slab ay 2011 12 1011 0910 0607 0809 0708 income tax rate chart slabs for assessment year 2011 12 and earlier years has been given chart form as under in respect of individual, hufhindu undivided family,boibody of individuals so download the charts for link given below or you can read the same online as shown below. The total amount of professional tax paid during the year is allowed as deduction under the income tax act. The surcharge will be applicable if the income exceeds rs. The report, despite being a regular annual affair, attempts to capture significant changes being brought about in the realm of new era tax administration. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Income tax slab rates for last 25 years in india 199293 to. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 2011 12. Income tax slab for financial year 201415 mytaxcafe.

Pradesh, west bengal and chhattisgarh, and in rural areas odisha, maharashtra. Anybody can help regarding new tax slab rates like income tax, tds, professional tax etc. Value of output of horticulture crops at 201112 prices. P rofession tax is a tax levied on a person engaged in any profession, trade, calling and employment in west bengal. Senior citizen age reduced to 60 years from last years 65 years. New professional tax slab in west bengal, 2014 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. Anonymous querist 18 december 2009 dear sir, kindly give me the professional tax slab rate financial yer 201011. Utilization certificate of grantsin aid sanctioned during the year 201112 from west bengal sfda would have to be submitted as required under gfr 2021 read with the form gfr 19. For individuals, huf, association of persons aop and body of individuals boi. Salary slabs per month, professional tax per month.

In this post, we will discuss the relative changes in the tax slab for 201617 for different entities. Govt of west bengal directorate of commercial taxes kolkata. Act xxxvii of 2003 or the central sales tax act, 1956. Professional tax rate for 201112 in maharashtra resolved. West bengal during the period 19982003, west bengal s profession tax revenue as percentage of total tax revenues ratio has been in the range of 1. Deduction of halfyearly profession tax in chennai part i. In case of resident individual and huf, where tax liability arises only because of the inclusion of long term capital gains, tax to be levied at 20% or 10% as the case may be, on the excess over the minimum exemption limit.

The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Income tax ratesslab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the. India income tax slabs for assessment year 201112 financial year 20102011 general tax payers income tax slab in rs. The pt deduction for a halfyear period should be rs 235 as per the pt slabs. Income tax slab for financial year 201415 posted on. As per the equated pt deduction logic, the organization will deduct rs 39 per month rs 2356. Income tax ratio tax calculator 2011 pakistan salaried. New professional tax slab in west bengal, 2014 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. The petitioner had filed his returns at lucknow upto the assessment years 2011 12 as his place of principal business was within the territorial area which was assigned to the assessing officer, range 2, lucknow by the competent authority in exercise of the powers under section 120 3 of the income tax act, 1961. India income tax slabs for assessment year 2011 12 financial year 2010 2011 general tax payers income tax slab in rs. Senior citizen now include people between 60 and 80 years. The state government levies tax on the income received by way of employment, profession, calling or trade, called as professional tax. Following are the persons which require itself to be.

Could you kindly let me have the income tax slab structure applicable to very senior citizens aged 80 years and above for the assessment years 200506, 200607, 200708, 200809 and 200910 reply. As stated in article 276 of the indian constitution, any resident of. Allocation expdt allocation expdt allocation expdt allocation expdt allocation expdt. Keywords bureau, employee, employer, person, profession tax, salary. Andhra pradesh has its own professional tax slab rate. The directorate of commercial taxes has been the pioneer in introducing egovernance initiatives in west bengal. 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. Also provide all india state wise professional tax registation and return form. Act xlix of 1994 or the west bengal value added tax act, 2003 west ben. Govt of west bengal directorate of commercial taxes. Tax implication in case of medical treatment at a private hospital. Income tax slab tells the tax rate at which you have to pay tax on income. The tax percentage is zero t0 20% in pakistan for salaried according to 201112 budget. Total collection of indirect tax in customs, central excise and service tax was 2,46,168 crore rupees in the same period last year.

Note that the exempted amount for salaried is 3,50000 as per 20112012 budget of pakistan. The state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. In come tax calculator pakistan for salaried is given below for your convenience. Dealers liable to pay tax under the west bengal sales tax act,1994 west bengal act xlix of 1994 or the central sales tax act, 1956 74 of 1956i such dealers other than those mentioned in subitem ii whose annual gross turnover of sale is. This would also throw light on the incidence of fiscal measures e. West bengal professional tax slabs, rates, registration. Jul 29, 2011 the tax percentage is zero t0 20% in pakistan for salaried according to 2011 12 budget. This is so, for when the principal is not likely to be recovered, where a default has occurred, the question of accounting interest is otiose. If the employee leaves the organization at the end of 5 months, the. In india, the professional tax is imposed at the state level.

Professional tax slab rates differ from state to state in the country. The maximum amount of pt that may be levied by any state in a financial year is rs 2500. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. Note that the exempted amount for salaried is 3,50000 as per 2011 2012 budget of pakistan. These conditions necessitate rationalization and prioritization of revenue expenditure. If you want to continue this discussion or have a follow up question, please post it on the network. Administrative report directorate of commercial taxes, west.

West bengal sfda will have to spend the amount sanctioned to them upto 31. Vadodara mahanagar seva sadan accounts department actual. In west bengal, there are different slabs paid on a. April 24, 2019 professional tax rates in maharashtra. Apropos interest derecognition of npas, in accordance with the rbi directions, once the npas are identified as such, interest recognition thereon is stopped.

The professional tax slab rate is revised every year. Govt of west bengal directorate of commercial taxes 14, beliaghata road kolkata 700 015 trade circular no. Tax planning in the case of loan taken for construction or renovation of self occupied house property. Can you please send me the professional tax slab 20082009.

Loktak development authority lda is now a body constituted by the government of manipur under the act, the manipur loktak lake protection act, 2006 manipur act 3 of 2006 notified in the manipur gazette, imphal, the 5 th april, 2006, to provide for administration, control, protection. Professional tax slab west bengal for the financial year 20192020 for monthly salary and wages. Indirect tax collections have increased by over 16 per cent to 2,85,787 crore rupees during aprildecember in the country. Income tax rates since year assessment year 19921993. The petitioner had filed his returns at lucknow upto the assessment years 201112 as his place of principal business was within the territorial area which was assigned to the assessing officer, range 2, lucknow by the competent authority in exercise of the powers. Apr 24, 2019 professional tax rates in maharashtra t he state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. Deduction of halfyearly profession tax in chennai part. This is mainly driven by an uptick in service tax collection. Jan 08, 2019 new professional tax slab in west bengal, 2014 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. Given below is the professional tax slab rate of andhra pradesh for the financial year 20192020 depending on the salary. The tax slab for fy 201617 for cooperative societies, firms local authorities and llps will continue at the same rate as the previous financial year.