images
add

Bihar introduces professional tax

By jpgupta |

30th March 2011

Bihar government has decided to impose professional tax on the officers and employees of the central and the state government, boards and corporations on the pattern of Maharashtra, West Bengal and other states. The State Assembly on Tuesday passed the Bihar Profession, Trade, Livelihood and Employment Tax Bill, 2011, paving the way for the imposition of the tax.

Patna: Bihar government has decided to impose professional tax on the officers and employees of the central and the state government, boards and corporations on the pattern of Maharashtra, West Bengal and other states.

The State Assembly on Tuesday passed the Bihar Profession, Trade, Livelihood and Employment Tax Bill, 2011, paving the way for the imposition of the tax.

The Bill would come into force from the date of its notification in the state gazette, the sources said adding salaried professionals earning more than Rs 3 lakh per annum would come under the ambit of the new legislation.

Those earning between Rs 3 lakh and Rs 5 lakh would pay an annual professional tax of Rs 1000 while those earning between 5 lakh and Rs 10 lakh will have to pay Rs 2000. Employees getting above Rs 10 lakh per annum will pay Rs 2500, authoritative sources said.

The employers will collect the professional tax from salaried people working in private firms or government as per the TDS (Tax Deducted at source) module. Self-employed professionals like doctors, lawyers and accountants would also be brought into the professional tax net.

Under the provisions of the new legislation, the Commercial Taxes Department would henceforth be the nodal body to collect the professional tax instead of municipal bodies, which hitherto collected the professional tax in their respective domains.

In case of default, an employee would be liable to a fine of two per cent at simple interest rate per month on the outstanding amount, the sources said.

The employer or an employee would be liable for three months simple imprisonment or a fine of Rs 5000 in case of violation of the rules without assigning any valid reason.

comments powered by Disqus
No central deputation for babus without property...

On graft charges officers can also be denied deputation

56 proposals under Forest Act given clearance...

55 projects for forest clearance and one project for environment clearance are pending...

Rs 19000 crore for renewal of rail tracks

Govt is focusing on good conditions for safe running of train

events

igov-prisim-banner-bangalore-300px-x-200px
PSU Prism

Panel Discussion on Information Infrastructure : Challenges and Solutions for Public Sector

igov-kerala-banner-300px-x-200px2
iStates Kerala

iStates is primarily an exercise in idea mining, best practice sharing and showcasing new technologies as well...

survey & reports

add
/* 768_menu */
close