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Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments.
Goods and Services Tax (India) Revenue Statistics. Add languages. ... 2018-19 2017-18 Collections M-O-M Change ... Karnataka. Month 2021-22 2020-21 2019-20
The revenue from the service tax to the Government of India had shown a steady rise since its inception in 1994. The tax collections have grown substantially since 1994–95 i.e. from ₹ 410 crore (US$47 million) in 1994–95 to ₹ 132,518 crore (US$15 billion) in 2012–13. The total number of taxable services also increased from 3 in 1994 ...
Interest in Bengaluru as a base for biotechnology companies stems from Karnataka's comprehensive biotechnology policy, described by the Karnataka Vision Group on Biotechnology. [18] In 2003–2004, Karnataka attracted the maximum venture capital funding for biotechnology in the country – $8 million. Biocon, headquartered in Bengaluru, is the ...
Payworld started its business with telecom partnerships; it now has more than 100 partnerships across various sectors. The company's total transaction value in 2016-2017 was ₹1600 crores and ₹3800 crores in 2017-2018. [7] [8]
Karnataka is the leader in the information technology sector in India and its capital, Bengaluru, is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of ₹ 516.5 billion in the financial year 2006–07 which included ₹ 487 billion from software exports and ₹ 29.5 billion from hardware exports. [29]
On 19 August 2015, India Post received a license to run a payments bank from the Reserve Bank of India. On 17 August 2016, it was registered as a public limited government company for setting up a payments bank. [2] IPPB is operating with the Department of Posts under the Ministry of Communications. [2] [3]