WebFeb 13, 2024 · No state in India can collect more than ₹ 2,500 per annum from an individual as a professional tax. Do Only Professionals Have To Make Professional Tax Payments? While the term itself can be quite misleading, this isn’t a tax that professionals need to pay. Instead, it is a tax that all salaried professionals working in India must pay. WebKatherine Wethington Independent contractor. Jan 1990 - Present33 years 4 months. Asia, Europe, Caribbean Cruise Ships, USA. Since 1990, I have performed as a professional dancer and singer and ...
Income Tax Filing for Self-Employed or Businessman
WebProfessional Tax in India. The maximum amount of Professional Tax that can be imposed by any state in India is INR 2500/-. Total amount of Professional Tax paid during the year is allowed as deduction under the Income Tax Act. The Professional Tax is a source of revenue for the state governments which helps in implementing schemes for the ... WebPer Month Income Rs. 10,001 to Rs. 15,000 - Professional Tax (per month) Rs. 110; Per Month Income Rs. 15,001 to Rs. 25,000 - Professional Tax (per month) Rs. 130; Per Month … detected a monitor delay in monitoring
Tax implications for consultants or freelancers - iPleaders
WebMar 7, 2024 · NRIs can take a deduction of 30% on a home loan in India for principal repayment. NRIs are taxed at 20% on investment in assets in India Here are a few additional deductions that NRIs can take: Premiums paid on health or life insurance policies Donations on social services Interest on education loans Children’s tuition fees ELSS Ulips Web- Tax Consulting Services - HR Services House of Whizzes houses experts from different domains with expertise varying between 5 and 40 years. We are the right pick if you want - - Re-word your website - Mark an impactful impression of your brand on your audiences - Get rid of your financial stresses and tax ambiguities - Create a team of the ... WebDec 20, 2024 · Standard deduction of INR 50,000 and deduction for professional tax. Deduction of interest payment on housing loans for self-occupied property and … detected cpu family 6 model 142 stepping 12