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Pt interest rate in maharashtra

WebMay 8, 2024 · The Professional tax slabs & rate is fixed based on the Income Slab of an Individual. The maximum amount of PT that may be levied by any State in a Financial … WebDec 14, 2024 · Professionals in Karnataka, Maharashtra and Telangana are required to pay taxes at the following rates: Up to ₹ 2.5 lakh: No tax ₹ 2.5 lakh to ₹ 5 lakh: 5% ₹ 5 lakh to ₹ 10 lakh: 20% Above ₹ 10 lakh: 30%. Income tax can be a complex topic, but it is important to understand how it works. Professionals in Karnataka, Maharashtra and ...

Professional Tax - What is Professional Tax, Rates, …

WebThe Professional Tax Slab Rates on Salary and Wages in Maharashtra are as follows:-Monthly Salary: Amount payable in Maharashtra: Less than Rs. 7500: Nil: Rs. 7501 to Rs. 10000: Rs. 175 pm: ... The Interest levied for late payment of this Tax in Maharashtra is 1.25% per month and the Maharashtra State Authority may also impose penalty @ 10% of ... WebEach state will have separate PT rates. Also, not all states collect or impose Professional taxes. First, let us take a look at the states which impose PT. States which impose PT or … globehopper travel insurance https://ocrraceway.com

Maharashtra Professional Tax Slab Rate, Latest News - BankBazaar

WebInterest on late payment of tax. (Sec. 9) The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m. with effect from 1-7-2004 (2% p.m. up to 30-6-2004.) Interest on refund of excess payment of tax (Sec. 19A) If any refund is due from any order in respect of period 1.4.2004 and onwards then WebJan 30, 2024 · As per the act, if an employer fails or delays the profession tax payment, he is liable to pay simple interest at the rate of 2% per month of the amount of tax due. … WebDec 14, 2024 · For late payments, the interest rates in usually 1.25% per installment, that is, per month. And also, the government can charge a penalty of 10% on the whole tax. This … boggs construction coeburn va

Maharashtra Professional Tax Slab Rate, Latest News - BankBazaar

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Pt interest rate in maharashtra

Professional Tax in Maharashtra Professional Tax Slab Rate

WebBlock will be used to display browser versions to be supported by portal. Supports: Firefox 10.0+, Google Chrome 6.0+, Internet Explorer 10.0+, Safari 4.0+ Web Information Manager WebLate filing of professional tax return will attract a penalty of Rs. 1,000. A penalty of 10% will apply in case of late payment of professional tax dues. Additionally, an interest on late …

Pt interest rate in maharashtra

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WebNov 25, 2012 · Professional Tax Calculation In Excell - XLS Download. [email protected]. 1. 1. Dear all, Now P.Tax is Rs.1 to 9,999 is zero, 10,000 to 14,999 -Rs.150, 15000- above Rs.200 Then how can i calculate in excel sheet? 25th November 2012 From India, Bangalore. Add Reply → Start New →. WebProfessional Tax in India. The maximum amount of Professional Tax that can be imposed by any state in India is INR 2500/-. Total amount of Professional Tax paid during the year is allowed as deduction under the Income Tax Act. The Professional Tax is a source of revenue for the state governments which helps in implementing schemes for the ...

WebEmployers are required to deduct Profession Tax, at prescribed rates, from salary/wages paid to employees, and to pay the tax to State Government on behalf of employees. Employer is liable to pay tax irrespective of deduction. (S.4) Where any employee is covered by one or more entries other than entry 1 in Schedule I and rate of tax under any ... WebThis tax shall be paid by every person exercising any profession or calling or is engaged in any trade or holds any appointment, public or private. For the month of February, Rs.300 to be paid. Monthly Salary Range. PT/Month. Rs.1 to 7,500. 0. Rs.7,501 to Rs.10,000. For women employees. 0.

WebList of Jurisdiction update cases during 1st December 2024 to 3rd January 2024. Jurisdictions for GST Registrations. Chit Fund Group Information at Nashik Division. GST Advance Ruling Procedure. GST Appeal for Advance Ruling Procedure. GST Refund Status. Trade Circular Regarding Profession Tax Late Fee waiver. Cancelled GSTIN cases. WebJun 18, 2009 · Profession Tax Penalties. Delays in obtaining Enrolment or Registration Certificate – Penalty of Rs. 2/= (Rupees Two) per Day. Providing false information regarding enrolment – Penalty of 3 times tax amount. Non-payment of profession tax – Penalty equal to 10% of the amount of tax can be imposed.

WebFeb 15, 2024 · Maximum Profession Tax Amount. A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. Profession Tax Is Deductible Under …

WebOct 12, 2010 · Due dates for payment of Profession Tax and for filing the returns in Maharashtra:-For the persons holding Enrolment Certificate - 30th June. For any delay in … globe hotelware agencyWebJul 18, 2024 · Penalty in Maharashtra on non-compliance of Professional Tax Payment: the penalty for Delays in obtaining Enrollment or Registration Certificate is penalized at the rate of Rs. 2/- (Rupees Two) per Day. In case a false information regarding enrollment is provided then the Penalty is 3 times of tax amount. The interest for non-payment / delayed ... globe hotel bude cornwallWebFor making any complaint about corruption, please contact the Chief Vigilance Officer, GST Department Maharashtra, Mumbai on the phone number 022/23760012, 23760883. Online facility is available on gst.gov.in for filing online appeal application against order passed by Advance Ruling Authority., kindly avail the facility. boggs cooling and heating navarre flWebJan 30, 2024 · Updated: 30-01-2024 09:44:32 AM Self-employed, salaried individuals and companies are liable to pay profession tax on their income in Maharashtra. The profession tax slab rates are decided by the state government with an upper cap of Rs. 2500 per annum. If you are a salaried individual, the profession tax will be automatically deducted … globe hotelwareWebProfession Tax Rates, Maharashtra. Monthly salaries or wages. Tax Rate. Upto ₹ 7,500. Nil. ₹ 7,501 to 10,000. 175 per month (Nil for women, Exemption upto Rs.10,000) ₹ 10,001 and … globe hotel hartsburg missouriWeb“ (1) The rates of interest for the purposes of sub-sections (1), (2) and (3) of section 30 shall be one and a quarter per cent. of the amount of such tax, for each month or for part thereof,” globe hot air balloonWebProfessional Rates: Salary (INR) PT Amount: Remarks: Upto 7500 ₹ 0.00: Nil: Between 7501 To 10000 ₹ 175.00: Nil for Women: Above 10001 ₹ 200.00: Above 10001 ₹ 300.00 globe hotel bed and breakfast hartsburg mo