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The State of Kerala consist of 14 districts, 27 revenue divisions, and 78 taluks.A revenue division is positioned below the district and encompasses several taluks within its administrative purview.
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
Profession tax is the tax levied and collected by the state governments in India. 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.
In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds. [4] Types of KSFE chitty schemes. Regular Chitty : In regular chits one person can bid per month. The maximum auction discount is 30 percent. For example, in a chit of 1 lakh, up to Rs. 30,000 will be reduced.
The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.
Information Kerala Mission (IKM),Is an Autonomous Institution under Local self government Department, Government of Kerala, for computerisation and networking of local governments in Kerala (India) and has been in existence for a decade since August 1999.
It will be a unique identifier that your bank uses to transfer money and make payments using the IMPS (Immediate Payments Service). IMPS is faster than NEFT and lets you transfer money immediately and unlike NEFT, it works 24/7. This means that the online payments will become much easier without requiring a digital wallet or credit or debit card.
The economy of Kerala is the 11th largest in India, with an annual gross state product ... The tax growth rate, which was 23.24% in 2010–11, fell to 10.68% in 2015 ...