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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 Income Tax Department Karnataka & Goa is the revenue enforcement and collection agency for the state of Karnataka and Goa, India. It has its headquarters in Bangalore , the state capital. The Direct Taxes Regional Training Institute was built in Bangalore at Jalahalli.
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. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT
[citation needed] Depending on the region, their numbers vary from 16 (in Maharashtra) to 3 (in Karnataka). [citation needed] Chief Commissioners are allotted budgetary targets for collection by the Central Board of Direct Taxes and the targets are divided among the Commissioners of Income Tax and are constantly monitored. [citation needed]
Payworld Money is a mobile wallet approved by the RBI.Payworld claims 10 million users in 2017. [9] This wallet processed more than 3.8 million transactions with a GTV of $130 million in 2016-2017.
The following are ranks of the officers working in the Income Tax Department of Ministry of Finance (India).Officers are appointed from two different recruiting agencies. Gazetted officers are appointed from Indian Revenue Service (Income Tax) of Union Public Service Commission while non-gazetted officers are recruited by Staff Selection Commissio
A village accountant or karanam (Andhra Pradesh), patwari (Madhya Pradesh, Punjab, Telangana, West Bengal), patowary (Assam), talati (Gujarat, Karnataka, Maharashtra), lekhpal (Uttar Pradesh, Uttarakhand) is a government role in rural areas of the Indian subcontinent. Introduced during the early 16th century, it was maintained by the British ...