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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 e-form was made available at the NRC Assam website www.nrcassam.nic.in from 6 August 2015 onwards, through which anyone could download the e-form or copy in pen drives from the CSCs. One could easily fill up the e-form online or offline as per their convenience from literally anywhere.
Reducing the earlier six payable slabs for computing individual income tax to five in the New Tax Regime, the Finance Minister proposed higher threshold limit of ₹3 lakh from existing ₹2.5 lakh for taxpayers. [17] new Slab The implementation of improved limits in tax slabs is said to provide significant relief to taxpayers under the new regime.
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 ...
Assam Chief Minister Himanta Bisha Sarma said it is a temporary measure before ECI delimitation process in the state and government may reconsider it. [ 8 ] On 25 August 2023, Assam Chief Minister Himanta Biswa Sarma announced the decision to recreate the four newly merged districts of Biswanath , Hojai , Bajali , and Tamulpur from their ...
The tax policy is not limited to raising of revenue. As a part of the overall policy of the Government of India, the tax policy also serves as a tool to address several other objectives in the process of development of the country. These objectives may include providing for incentives and disincentives in the target areas/segments of the economy.
In 1874, Assam was constituted as a Chief Commissioner's province with the seat of the government in Shillong, the erstwhile capital of Assam, which is now in Meghalaya.To better administer the six districts of Goalpara, Kamrup, Sonitpur, Nagaon (formerly, Nowgong), Sivasagar (formerly, Sibsagar) and Lakhimpur, (the districts in the Brahmaputra valley, also called Assam Valley), the Judge of ...
In March 2022, the EPFO lowered the interest rate of 8.10% for the fiscal year of 2021-22. On 30 August 2022, EPFO proposed to remove the restrictions on the wage ceiling and headcount to allow all formal workers and self-employed to enrol in its retirement saving schemes.