Other Taxes
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Professional Tax |
Professional Tax, or employment tax, is another form of tax levied only by state governments in India. According to professional tax norms, individuals earning income or practicing a profession such as a doctor, lawyer, chartered accountant, or company secretary etc. are required to pay this tax. However, not all states levy professional tax and the rate differs across all the states that levy the tax. |
When this tax was first introduced in India, the maximum limit on the tax to be collected was Rs. 250. However, this limit was raised from Rs. 250 to Rs. 2500 in the year .... |
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Indian Economy
- 1 Viksit Bharat@2047 & $5 Trillion Economy Roadmap
- 2 GST: Current Scenario, Impacts & Concerns of States
- 3 Debt Management
- 4 Informal Sector Inclusion in GDP
- 5 Rising Income Inequality
- 6 Inclusive Growth in India
- 7 Potential GDP: Determinants and Hindrances
- 8 Rising Employment Gap despite Strong GDP Growth
- 9 India’s Economic Growth: Key Statistics & Trends
- 10 India’s Export Competitiveness
