Bihar commercial tax

The Bihar Professional Tax Rules, 2011 Applicability A person or employer by whom tax is payable under this Act Exemption Not Applicable Registration Form Registration Process Offline List Of Documents For Registration • Memorandum Of Association • Articles Of Association • PAN Card • Lease Agreement • Employer Address Proof and ID Proof and photos • Employee list with salary details • ID & Address Proof of Proprietor or Organisation • Bank Account details • Name & Activities of the Firm or organisation Website Professional Rates Salary (INR) PT Amount Remarks Upto 300000 ₹ 0.00 Nil Between 300001 To 500000 ₹ 1000.00 Between 500001 To 1000000 ₹ 2000.00 Above 1000001 ₹ 2500.00 Filing Of Returns Task Last Date Of Filing Returns Form Annual Returns Every year(s) on day 30 of November

In India, the State Government levies a professional tax on the income of individuals. The tax slab or limits can vary from one state to another. Further, earning individuals of certain states need not pay this tax do not have as not all states levy professional tax. In this piece, we will discuss professional tax in Bihar. Read on to know various aspects of professional tax in Bihar. Professional tax is a direct tax on all kinds of professions, trades, callings and employment and the State Government of Bihar levies it on the basis of such profession, trade, callings and employment. Any person earning an income for living from salary or involved in professions such as lawyers, chartered accountants and doctors must pay professional tax in Bihar. The Bihar State Tax on Professions, Trades, Callings and Employment Act, 2011, came into effect with the aim of imposing a tax on professions, trades, callings, and employments. The act extends to the entire state of Bihar. Take a glance at the below-mentioned table and learn about the tax slabs in Bihar, Class of Taxpayer Payable Amount (Annually) Tax on wages or salary on earning individuals whose annual income do not exceed ₹ 3 lakhs Nil Tax on wages or salary on earning individuals whose annual income fall within the range of ₹ 3 lakhs and ₹ 5 lakhs ₹ 1,000 Tax on wages or salary on earning individuals whose annual income fall within the range of ₹ 5 lakhs and ₹ 10 lakhs ₹ 2,000 Tax on wages or salary on earning individuals wh...

However, the state of Bihar imposes professional tax on carrying of certain kind of Profession, Trades, Calling and Employment, at the rate prescribed in the Schedule of rates under The Bihar Tax on Professions, Trades, Callings and Employments Act, 2011 on individuals and Some Categories of GST Registered Taxpayers. In this article, the details, and various aspects of professional tax in Bihar is discussed. Professional tax is classified as a direct tax which is charged or imposed on all types of trades, professional and employment by the Government of Bihar at the same time, it is to be noted that any income earned by an individual from salary or any other professional including lawyers, doctors, chartered accountants etc. are subject to professional taxes in Bihar under the authority of The Bihar State Tax on Professions, Trades, Callings and Employment Act, 2011, came into force with an objective to levy professional tax on employments, trades and professions. The aforesaid act is applicable to the whole of the state of Bihar. The schedule of the Bihar Professional Tax levies the PT on the following four kinds of assesses. Whereas the Professional Tax is levied on the salaried person, however section 5 of the PT Act of Bihar cast an obligation on the employer to register itself and collect the applicable PT as a deduction from the salaries of employees and make the payment of professional tax on behalf of the employees. Following is the Professional Tax on employment i...