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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

Calculate your Income Tax

Income Tax slabs 2010-2011

Men
Up to Rs.1,60,000/- : Nil
Rs.1,60,001 to Rs.5,00,000: 10% of the amount exceeding Rs.1,60,000/-
Rs.5,00,001 to Rs.8,00,000: Rs.34,000 + 20% of the amount exceeding Rs.5,00,000/-
Rs.8,00,001 and above : Rs.94,000 + 30% of the amount exceeding Rs.8,00,000/-

Women
Up to Rs.1,90,000/- : Nil
Rs.1,90,001 to Rs.5,00,000: 10% of the amount exceeding Rs.1,90,000/-
Rs.5,00,001 to Rs.8,00,000: Rs.31,000 + 20% of the amount exceeding Rs.5,00,000/-
Rs.8,00,001 and above : Rs.91,000 + 30% of the amount exceeding Rs.8,00,000/-

Senior Citizens
Up to Rs.2,40,000/- : Nil
Rs.2,40,001 to Rs.5,00,000: 10% of the amount exceeding Rs.2,40,000/-
Rs.5,00,001 to Rs.8,00,000: Rs.26,000 + 20% of the amount exceeding Rs.5,00,000/-
Rs.8,00,001 and above : Rs.86,000 + 30% of the amount exceeding Rs.8,00,000/-

In addition to above every Assessee has to pay Education Cess i.e. 3% on tax payable.

Finance Minister has removed the surcharge on Income above Rs.10 Lakh for Personal Income Tax payers (July 2009).

Tuesday, May 4, 2010

Subsistence Allowance

Subsistence Allowance

The rate of subsistence Allowance payable to an employee suspended, pending investigation or inquiry, complaints or charges of misconduct against is:
a) For the first 90 days of the suspension period: 50% of basic wages and dearness allowance.
b) For the remaining days of the suspension period: 75% of basic wages and dearness allowance.

No subsistence allowance is payable to a suspended employee if, takes up any employment during the period of suspension.

In the state of Maharashtra the rate of subsistence allowance for the period of suspension beyond 180 days is 100% of basic wages and dearness allowance.

Sunday, May 2, 2010

Registration of Establishment under ESI Act

Procedure to get ESI Registration
FORM 01(Employer’s Registration Form) to be submitted by the employer within 15 days of applicability of the Act. On receipt of the Employer’s Registration Form and survey report submitted by the Insurance Inspector, the Regional Office examines coverage. After all the required verification a CODE NUMBER to the Employer will be alloted.

SUB-CODE NUMBER
If an Employer is having the CODE NUMBER for a particular unit at one station, for sub unit, branch office, sales office at another station either within the state or outside the state, employer is required to furnish necessary details to the concerned Regional office for allotment of SUB-CODE.