Web24 okt. 2024 · Total deductions = Professional tax (₹200 per month for salaries above ₹20,000 = ₹2,400 per year) + TDS (10%) + EPF employee contribution (12%) Net salary = Basic salary + allowances – deductions Salary Deductions for FY 2024-21 Deductions from employee salary is where most of the confusion arises. WebGovt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings, and Employments (Amendment) Bill, 2024 to notify changes in Profession Tax Rates w.e.f. 01.04.2024. One notable change is that bill exempts the professional tax payable by the women who draw the monthly salary or wages up to rupees twenty-five thousand w.e.f. …
Updated Professional Tax Rates in Maharashtra - PT Tax …
Web13 sep. 2024 · Professional Tax (PT) is one of the statutory compliance requirements for businesses. Unlike TDS, EPF and ESI, PT is levied by the respective state governments. But there’s a catch! Not all Indian states impose a professional tax. Also, the tax applicable to different income slabs may vary from one state to another, but it has a maximum limit ... Web11 apr. 2024 · Under Article 276 of the Indian Constitution, the state governments are empowered to decide the rate for the professional tax in the state. The maximum … fancy nails and lashes
Revised Salary Structure in India – All You Need to Know
WebAs per the latest professional tax slab in Maharashtra 2024-19 there is no need to pay professional tax up to a salary of 7500 Rs, from 7501 Rs to 10000 Rs there is a professional tax of 175 Rs and for above 10000 Rs there is a professional tax of 200 Rs & 300 Rs (in Feb only). Professional Tax Slab In Maharashtra 2024-19: WebIncome tax slabs rate for Old Tax regime -FY 2024-22. Income tax slabs for Individual aged below 60 years & HUF. Income Tax Slab Individuals Below The Age Of 60 Years – … Webwww.eauditoroffice.com fancy nails edgewood ky