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Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. 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 is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.
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 ...
Section 6 requires that people are paid in money rather than in kind. The law also provides the tax withholdings the employer must deduct and pay to the central or state government before distributing the wages. [22] The Minimum Wages Act 1948 sets wages for the different economic sectors that it states it will cover. It leaves a large number ...
Broward Sheriff's Office. Bodycam footage captured Monsalve claiming she was looking out for the kid’s safety when she grabbed him from his fenced-in lawn. Hallandale Beach Police.
Term of office Political party Ministry Chief Minister From To Period Minister of Labour 01 Shantilal Shah (MLA for Vile Parle Constituency No. 177- Mumbai Suburban District (Legislative Assembly) 01 May 1960 07 March 1962 1 year, 310 days Indian National Congress: Yashwantrao I: Yashwantrao Chavan: 02 M. G. Mane (MLC for Elected by MLAs ...
This $29 'it bag' from Amazon rivals a popular Coach purse style that costs 10x more
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 ...