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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 average for the current DA period January to December 2017 is 274, which is the 12-month average AICPI-IW of 1 January 2016 to 31 December 2016. The DA calculation for Jan 2017 to June 2017 is 274 minus 167 * Basic Pay and the result divided by 167. Total points 107.
One is employee’s contribution which is to be deducted from employee’s salary / wages and another is employer’s contribution which is to be added by the employer every month. However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per ...
Relative to other developing countries, the fact that India's income tax comprises 5% of its GDP is due to the fact nearly 2-3% of the population is exposed to income taxation. [27] India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low ...
Scheme II (without deductions) + 12% of basic salary for epf or social security : 30% ₹ 1,000,001 & + Scheme I (with deductions) 30% ₹ 1,500,001 & + Scheme II (without deductions) + 12% of basic salary for epf or social security . 4% cess [clarification needed] and highest surcharge of 25% is applied on income tax. This makes the effective ...
The median weekly earnings of the nation's nearly 121 million full-time wage and salary workers were $1,165 in the third quarter of 2024, according to the U.S. Bureau of Labor Statistics. That ...
A former ballerina was sentenced to 20 years in prison Tuesday in the 2020 shooting death of her estranged husband in Florida. CBS affiliate WTSP reports that Ashley Benefield was sentenced to 20 ...
WASHINGTON (Reuters) -President-elect Donald Trump said on Saturday the U.S. should not be involved in the conflict in Syria, where rebel forces are threatening the government of President Bashar ...