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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.
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.
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]
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
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 ...
Vasai-Virar City Municipal Corporation (VVCMC) is the civic body that governs areas and villages in Vasai-Virar taluka in Maharashtra, India comprising the most populated part of Palghar district. According to the 2011 census, it is the fifth largest city in Maharashtra with a population of more than 1.3 million.
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 ...
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.