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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 to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.
Revenue income is primarily earned by NMC or for NMC by some external sources. Among own sources, the largest source is octroi (47%) followed by property tax (18%). In 2004–05, a capital expenditure of INR 79 crores was incurred, mainly covering water supply, public works, and roads. The cost recovery of services varies across sectors.
Toll tax is the most important income of a municipality. All commercial vehicles may receive toll taxes, except auto rickshaw. Income is also generated from commercial activities like hotels, tourist centers, renting and sale of municipal property, and education cess.
The Ministry of Revenue is a ministry of the Government of Maharashtra. It is responsible for preparing annual plans for the development of Maharashtra state. [1] [2] The ministry is headed by a Cabinet level by Chandrashekhar Bawankule, current minister of revenue.
The Standing Committee is the perhaps the most important committee of the PMC formed according to Section 20 of Maharashtra Municipal Corporation Act, 1949. [20] It consists of 16 members headed by a President appointed at the first meeting of the newly elected Corporation, half of whom retire every succeeding year.
The Aurangabad Municipal Corporation (officially, Chhatrapati Sambhajingar Municipal Corporation [2]) is the governing body of the city of Aurangabad in the Indian state of Maharashtra. The municipal corporation consists of democratically elected members, is headed by a mayor and administers the city's infrastructure, public services and police.
Kalyan-Dombivli Municipal Corporation is the governing body of the city of Kalyan-Dombivli, located in the Thane district of the Indian state of Maharashtra.The municipal corporation consists of elected members from each municipal ward of the city knowns as councillors, is headed by a mayor and in his/her absence by a deputy mayor, elected from amongst councillors.