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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 implementation of improved limits in tax slabs is said to provide significant relief to taxpayers under the new regime. For instance, an individual with an annual income of ₹9 lakh will only be required to pay ₹45,000, which amounts to a mere 5% of their income. This represents a 25% reduction from the current tax liability of ₹60,000.
However, for individuals, tax is payable at slab rates. In the Finance Act, 2020 the Government introduced a new tax regime for individuals giving them the option to opt for the new regime or continue with the old regime. [11] The tax is collected by the Income Tax Department for the central government. Farmers - who constitute 70% of the ...
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
2024 2 years, 104 days Bharatiya Janata Party: 40 Devendra Fadnavis (MLA for Nagpur South West Constituency No. 52- Nagpur District) (Legislative Assembly) (Chief_Minister) In Charge: 05 December 2024 21 December 2024 16 days Bharatiya Janata Party: Fadnavis III: Devendra Fadnavis: 41 Chandrashekhar Bawankule (MLA for Kamthi Constituency No. 58-
The 2024 Maharashtra Legislative Assembly elections were held on 20 November 2024 to elect all 288 members of the state's Legislative Assembly. The turnout for the election was 66.05%, the highest since 1995. The BJP-led Maha Yuti alliance won a landslide victory, winning 235 seats.
The Government of Maharashtra is the executive branch of the Indian state of Maharashtra. The government is led by the chief minister (currently Devendra Fadnavis since 5 December 2024) who selects the council of ministers and is appointed by the Governor of Maharashtra .
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.
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