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Monday, June 28, 2010

Amendment In Workmen’s Compensation Act, 1923

Workmen’s Compensation Act,1923 has been revised and named as Employees with enhanced compensation limits, Full medical expenses reimbursement, case disposal within 3 months, etc.
And the Act is also applicable to casual & clerical.

Wednesday, June 9, 2010

Gratuity (Amendment) 2010 with effect date

Ministry of Labour and Employment has published notification for effective date of Payment of Gratuity (Amendment) Act 2010.
This Amendment shall come into force with effect from 24th May 2010.

The Payment of Gratuity (Amendment) Act 2010: This Amendment Bill raises the ceiling of gratuity to be paid to an employee from the present level of Rs.3.5lakh to Rs.10lakh.

Saturday, May 29, 2010

Gratuity Ceiling Now Ten Lakh

Amendment in The Payment of Gratuity Act,

The Payment of Gratuity Act Amendment Bill 2010 raises the ceiling of gratuity to be paid from the present level of Rs. 3.5 lakh to Rs. 10 lakh. This Amendment has been approved by parliament on 5th May 2010 (by Lok Sabha on 3rd May 2010 and by Rajya sabha on 5th May 2010).

The Payment of Gratuity Act 1972 provides for the payment of gratuity to employees engaged in industries including mines, oilfields, plantations, shops, factories, amongst others.

The Amount Three lakh and fifty thousand rupees was fixed with effect from 24th September, 1997 by amendment to the payment of gratuity Act, 1972.

Friday, May 28, 2010

Professional Tax on Salary in Orissa

Professional Tax deduction on monthly salary:

a)Salary Up to Rs.5,000/-:Nil
b)Rs.5001/- to Rs.6000/-: PT Rs.30/- per month
c)Rs.6001/- to Rs.8000/-: PT Rs.50/- per month
d)Rs.8001/- to Rs.10,000/-: PT Rs.75/- per month
e)Rs.10,001 to Rs.15,000/-: PT Rs.100/- per month
f)Rs.15,001/- to Rs.20,000/-: PT Rs.150/- per month
g)Rs.20,001/- & Above: PT Rs.200/- per month

Friday, May 21, 2010

Professional Tax on Salary in WEST BENGAL

Professional Tax deduction on monthly salary:

a) Salary up to Rs.3,000: PT Nil
b) Rs.3,001 to Rs.5,000: PT Rs.30 per month
c) Rs.5,001 to Rs.6,000: PT Rs.40 per month
d) Rs.6,001 to Rs.7,000: PT Rs.45 per month
e) Rs.7,001 to Rs.8,000: PT Rs.50 per month
f) Rs.8,001 to Rs.9,000: PT Rs.90 per month
g) Rs.9,001 to Rs.15,000: PT Rs.110 per month
h) Rs.15,001 to Rs.25,000:PT Rs.130 per month
i) Rs.25,001 to Rs.40,000:PT Rs150 per month
j) Rs.40,001 and above: PT Rs.200 per month

Wednesday, May 12, 2010

Professional Tax in Karnataka on Salary

Professional Tax in Karnataka

With effect from 1st April 2009, Professional Tax slab revised in Karnataka is

Salary up to Rs.9,999/-Per Month : PT Nil
Rs.10,000/-to Rs14,999/-:PT Rs.150/- per month.
Rs.15,000/- and above :PT Rs.200/- per month


Prior to this Professional Tax in Karnataka was (w.e.f. 1.4.2003)

Up to Rs.2999/- :PT Nil
Rs.3,000/- to Rs.4,999/- : PT Rs.30/- per month
Rs.5000/- to Rs.7,999/-: PT Rs.60/- per month
Rs.8,000/- to Rs.9,999/-: PT Rs.100/-
Rs.10,000/- to Rs.14,999/-: PT Rs.150/- per month
Rs.15,000 and above: PT Rs.200/- per month

Wednesday, May 5, 2010

Professional Tax on salary in Gujarat

Professional Tax Slab (per month) with effect from April 2008

a)Less than Rs.3000/- : PT Nil
b)Rs.3000/- to Rs.5999/- : PT Rs.20 Per month
c)Rs.6000/- to Rs.8999/- : PT Rs.80 Per month
d)Rs.9000/- to Rs.11999/- : PT Rs.150 Per month
e)Rs.12000/- or more : PT Rs.200 Per month

Professional Tax Slab (per month) before April 2008
a)Less than Rs.3000/- : PT Nil
b)Rs.3000/- to Rs.5999/- : PT Rs.20 Per month
c)Rs.6000/- to Rs.8999/- : PT Rs.40 Per month
d)Rs.9000/- to Rs.11999/- : PT Rs.60 Per month
e)Rs.12000/- or more : PT Rs.80 Per month