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| *The Commerce Journal>>>India Taxes |
Does a propreitor need to apply for personal profession tax no. in india? |
Does a propreitor need to apply for personal profession tax no. in india? Professional tax number can be applied in the name of the business. Not in the name of the proprietor. Or other wise you can apply for professional tax number like this Not applicable in many states. Of course all those owner/proprietor has to file and pay professional tax. |
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TDS is to be deducted equally over a period of 12 months. slab are up to Rs. 150000=NIL 150001 to 250000 = 10% 250001 to 500000 = 20% > 500000 = 30% plus 3 % education cess You can maximum save up to 1 lakh per year u/s 80C. Now your income is 3 lakhs. If you save maximum allowed tax savings (1 lakh u/s 80C), your income will be reduced with 1 lakh. The calculation... Tax free: Male: 1.5 lakhs Female: 1.8 lakhs Seniour citizen: 2.25 lakhs Slabs: 1.5 to 3 lakhs @10% 3 to 5 lakhs @20% 5 lakhs and above @30% *** Tax Calcu. for MALE -Tax free Amt. Rs.15... TRANSFER OF funds from US to your own account in India (either to NRE A/c or NRO a/c or other account in your name) is not taxable. The transfer of funds is not an income. You are just transferri... two cents ...Basic is not the base for attracting deduction of PF. On the contrary Basic (irrespective of the amount) is the amount on which the PF will be deducted. It requires a company to opt for a PF if th... If you opened the PPF with SBi in Maharashtra, then you need to operate it from there. In case you are moving, you can give an application & your passbook to whichever new branch you want this ... Your gross salary will be Rs 9 lac (75000*12) and your taxable salary will be Rs 9 lac less amount of exempted allowances that right now cannot be calculated in the absence of information. part of ... |
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