Ad
related to: profession tax rules in maharashtra
Search results
Results From The WOW.Com Content Network
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.
The Navi Mumbai Municipal Corporation (NMMC) is the municipal organisation of Navi Mumbai, Maharashtra. On 17 December 1991 NMMC was constituted. On 17 December 1991 NMMC was constituted. NMMC came in to existence on January 1, 1992.
The Sangli-Miraj-Kupwad Municipal Corporation (SMKC) is the governing body of the Sangli Metropolitan Region in the Indian state of Maharashtra. It is located in Sangli. The municipal corporation consists of democratically-elected members, is headed by a mayor and administers the city's infrastructure and public services. It was founded on 9 ...
Jalna Municipal Corporation (JMC) become 29th Municipal Corporation in Maharashtra and 5th in Aurangabad Division [1] [2] [3] is a Local Government body of administrating Jalna City in Jalna district of Maharashtra, India. that is responsible for providing essential public services to the residents of the city of Jalna. The council is composed ...
The upward revision of profession tax will also help the State Governments in raising additional resources. 3. It is accordingly proposed to amend clause (2) of article 276 of the Constitution to increase the ceiling of profession tax from two hundred and fifty rupees per annum to two thousand and five hundred rupees per annum.
The Standing Committee is the perhaps the most important committee of the PCMC formed according to Section 20 of Maharashtra Municipal Corporation Act, 1949. [31] 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.