How much is the tax in Tamilnadu?
How much is the tax in Tamilnadu?
The maximum tax amount payable is Rs. 2,500 per year and there are predetermined slabs for the tax rate….Tamil Nadu Professional Tax Slab Rate.
| Monthly Salary | Professional Tax Amount Payable in Tamil Nadu |
|---|---|
| Rs.3,5001 to Rs.5,000 | Rs.22.5 |
| Rs.5,001 to Rs.7,500 | Rs.52.5 |
| Rs.7,501 to Rs.10,000 | Rs.115 |
| Rs.10,001 to Rs.12,500 | Rs.171 |
Who is the minister for commercial taxes of Tamilnadu 2020?
Portfolios
| V. Senthilbalaji | Minister for Electricity, Prohibition & Excise |
|---|---|
| Ma. Subramanian | Minister for Medical and Family Welfare |
| P. Moorthy | Minister for Commercial Taxes and Registration |
| S.S. Sivasankar | Minister for Backward Classes Welfare |
| P.K. Sekarbabu | Minister for Hindu Religious and Charitable Endowments |
What are commercial taxes?
Commercial Tax, currently referred to as Goods and Services Tax (GST) in India, is a tax that is levied on locally manufactured and imported goods and services, and contributes to the GDP of the country. It is a type of indirect tax because it is paid by the end user to the government via the manufacturer.
What is the role of commercial tax department?
Function of Department Function of Department Levy and collection of Value Added Tax, Central Sales Tax, Entry Tax, Electricity Duty, Hotel Luxuries Tax, Entertainment Tax, Advertisement Tax and Professions Tax. Registration and monitoring of the dealers to widen Tax base.
Which is the richest district in Tamilnadu?
Kanyakumari
List of districts by HDI as of 2017
| hideRank | District | HDI for 2017 |
|---|---|---|
| Very High Human Development | ||
| 1 | Kanyakumari | 0.944 |
| 2 | Virudhunagar | 0.855 |
| 3 | Thoothukudi | 0.852 |
Who is eligible for professional tax in Tamilnadu?
Tamil Nadu and includes a Hindu undivided family, firm, company, corporation or other corporate body, any society, club, body of persons or association, so engaged, but does not include any person employed on a casual basis; 6) “Tax” means the tax on profession, trade, calling and employment levied under this Chapter.
Who is the current Minister of Tamil Nadu?
| Council of Ministers | |
|---|---|
| Name | Portfolios |
| Thiru R. Sakkarapani Hon. Minister for Food and Civil Supplies | Food and Civil Supplies, Consumer Protection and Price Control |
| Thiru V. Senthilbalaji Hon. Minister for Electricity, Prohibition & Excise | Electricity, Non Conventional Energy Development, Prohibition and Excise, Molasses |
Who is Tamil Nadu income tax minister?
Subashree Anantkrishnan, IRS, has taken charge as the Principal Chief Commissioner of Income Tax, Tamil Nadu and Puducherry.
What are the 4 types of tax?
Types of Taxes
- Consumption Tax. A consumption tax is a tax on the money people spend, not the money people earn.
- Progressive Tax. This is a tax that is higher for taxpayers with more money.
- Regressive Tax.
- Proportional Tax.
- VAT or Ad Valorem Tax.
- Property Tax.
- Capital Gains Taxes.
- Inheritance/Estate Taxes.
What is the qualification for commercial tax officer?
The basic eligibility for the post of KPSC Commercial Tax Officer is the completion of a bachelor’s degree. Apart from that, the candidate should be between 21 to 35 years of age.
What is assistant commercial tax officer?
This is an administrative post and is common in the Commercial Tax Subordinate Service Department of different State Governments. ACTO is the first-level field officer. Also, ACTO is the procurator for tax reforms bridging between the tax department and the trade community.
Which is the Commercial Tax Act of Tamil Nadu?
The Commercial Taxes Department administers the following Acts: 2.The Central Sales Tax Act,1956. 3.The Tamil Nadu Entertainments Tax Act,1939. 4.The Tamil Nadu Betting Tax Act,1935. 5.The Tamil Nadu Tax on Luxuries Act,1981. 6.The Tamil Nadu Advertisement Tax Act,1983. 7.The Tamil Nadu Tax on Entry of Motor Vehicles into Local Areas Act,1990.
Who is the Minister of Commercial Taxes in Tamil Nadu?
The Tamil Nadu General Sales Tax Act, 1959 The Commercial Taxes Department presently functions under the control of the Hon’ble Minister of Commercial Taxes . It comprises of three wings, viz., Assessment, Enforcement and Appellate.
What is the revenue of Commercial Taxes Department?
Commercial Taxes Department is proud to declare that in the financial year 2013-14 a revenue of Rs.56865 crores was realised from the mercantile public with their co-operation. The department mission is to enable hassle free tax collection in a fair transparent and effective manner. The Commercial Taxes Department administers the following Acts:
How much to pay professional tax in Tamil Nadu?
Article 276 of Constitution of India states that a total amount payable as profession tax must not exceed Rs. 2500. Moreover, the registration process for professional tax in Tamil Nadu[1] can be completed online. According to the recent changes, the slab of the professional tax in Tamil Nadu has been revised.