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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.
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 ...
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
According to research conducted in February 2022 by the U.S. Department of Labor and the Bureau of Labor Statistics, the four most common pay frequencies in the United States were: [5] Weekly — 31.8% — Fifty-two 40-hour pay periods per year and include one 40 hour work week for overtime calculations.
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As the labor market cools, data suggests more workers are getting "dry promoted" and taking on more responsibilities or a new title for the same pay. ... More work, same salary. How employees ...
A 'healthy labor market' helped lead to robust 2024 holiday spending, report finds December 26, 2024 at 7:15 AM A shopper checks out an item in a Target store in Pittsburgh on Monday, Jan. 23, 2023.