Question 1

What is the corporate tax rate in India?

Accepted Answer

Salary/wage earners below the lowest slab are exempt; above that, tax rises in two further bands. All other professional/trade/business categories (agents, consultants, engineers, doctors, companies, contractors, dealers, etc.) pay a single flat rate regardless of income/turnover. Threshold: Income-based for salary/wage earners; flat for all other categories - see slabs Fee basis: The rate page (ptax.tripura.gov.in/TaxDetails.aspx) labels its column only as 'income range', without stating whether the three salary/wage-earner bands are MONTHLY or ANNUAL. Given the standard nationwide constitutional cap of Rs 2,500/year on Profession Tax, and that the top slab here is Rs 2,496 (just under that cap), these figures are almost certainly ANNUAL, but this was not explicitly stated on the page and is not asserted as certain. Slabs: Salary & Wage Earner: upto Rs 7,500 — INR 0; Salary & Wage Earner: Rs 7,501 to Rs 15,000 — INR 1800; Salary & Wage Earner: Rs 15,001 and above — INR 2496; All other professions/trades/businesses (agents, consultants, engineers, medical professionals, companies, contractors, dealers, etc.) - flat rate — INR 2500 Statute: Tripura Profession Tax Act and Rules Figures read at source from the Commissionerate's own e-services portal. The period (monthly vs annual) for the salary/wage-earner slabs is NOT explicitly labelled on the source page - recorded verbatim with the ambiguity flagged rather than assumed. The flat Rs 2,500 rate for non-salaried categories matches India's constitutional Rs 2,500/year cap on Profession Tax (Article 276), supporting an annual reading, but this is inference, not a source statement.

Question 2

Professional Tax Registration — rates and slabs — Andhra Pradesh

Accepted Answer

Andhra Pradesh levies profession tax on salaried persons monthly under the AP Tax on Professions, Trades, Callings and Employments Act, 1987. Threshold: Monthly salary up to Rs 15,000: nil. Fee basis: monthly deduction by monthly salary band Slabs: Monthly salary up to Rs 15,000 — INR 0; Monthly salary Rs 15,001 to Rs 20,000 (per month) — INR 150; Monthly salary Rs 20,001 and above (per month) — INR 200 Renewal: Monthly deduction. Deadline: Employer remits within 15 days of the month end (Bankbazaar: 'typically within 15 days of the month end'). Statute: Andhra Pradesh Tax on Professions, Trades, Callings and Employments Act, 1987 INDICATIVE (agreement of one competitor and one publication). apct.gov.in still serves its homepage shell for the schedule path (see earlier note, unchanged). Two independent pages agree on the three bands: Setindiabiz (state-wise table, labelled FY 2016-17: up to Rs 15,000 nil; Rs 15,001-20,000 Rs 150; Rs 20,001 or above Rs 200) and Bankbazaar (up to Rs 15,000 nil; Rs 15,001-20,000 Rs 150 per month; Rs 20,001 and above Rs 200 per month).

Question 3

Professional Tax Registration — rates and slabs — Bihar

Accepted Answer

Bihar levies profession tax under the Bihar Tax on Professions, Trades, Callings and Employments Act, 2011, collected by the Commercial Taxes Department. Threshold: Salaried: annual salary up to Rs 3,00,000 nil. Other categories: turnover/income below Rs 10,00,000 nil (Setindiabiz only). Fee basis: annual slab by annual salary (salaried) and by turnover/income or class (others); the constitutional ceiling of Rs 2,500 applies Slabs: Salaried: annual salary up to Rs 3,00,000 — INR 0; Salaried: Rs 3,00,001 to Rs 5,00,000 per annum — INR 1000; Salaried: Rs 5,00,001 to Rs 10,00,000 per annum — INR 2000; Salaried: above Rs 10,00,000 per annum — INR 2500; Other categories: turnover/income less than Rs 10,00,000 (Setindiabiz only) — INR 0; Other categories: Rs 10,00,001 to Rs 20,00,000 (Setindiabiz only) — INR 1000; Other categories: Rs 20,00,001 to Rs 40,00,000 (Setindiabiz only) — INR 2000; Other categories: above Rs 40,00,001 (Setindiabiz only) — INR 2500; Transporter (taxi or similar) (Setindiabiz only) — INR 1000; Transporter (bus/truck) (Setindiabiz only) — INR 1500; Registered companies (Setindiabiz only) — INR 2500 Renewal: Annual. Deadline: Enrolment before 31 May: pay by 30 June of the same year; enrolment after 31 May: within one month of enrolment (Setindiabiz). Annual return on Form VII on or before the end of November every year (IndiaFilings). Statute: The Bihar Tax on Professions, Trades, Callings and Employments Act, 2011 INDICATIVE (competitor agreement). Two independent competitor pages agree on the four salaried slabs (Rs 3 lakh nil / Rs 1,000 / Rs 2,000 / Rs 2,500 per annum): IndiaFilings and Setindiabiz. The 'other categories' slabs were read on Setindiabiz only and are labelled as such. A third page (Setindiabiz state-wise table) gives the same ladder as monthly deductions of Rs 83.33 / 166.67 / 208.3 above Rs 25,000 per month, which is the same schedule expressed per month.

What is the corporate tax rate in India?

Professional Tax Registration — rates and slabs — Tripura

Professional Tax Registration — rates and slabs — Andhra Pradesh

Professional Tax Registration — rates and slabs — Bihar

Professional Tax Registration — rates and slabs — Chhattisgarh

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