Tag: Tax

What is Professional Tax?Professional tax is a kind of tax which is levied by state government to all kinds of professions, trades, and employment who are functioning in their states. This tax amount levied monthly or yearly based on the income of such profession, trade and employment. Professional tax determined or set by respective State

Source: economictimes.indiatimes.com Kolkata: The rising volatility in gold prices has prompted hedgers to use MCXNSE -0.16 % futures platform, so much so that the open interest in gold on MCX breached 25 metric tonnes (MT) and was at 25.4 metric tonnes on June 25 when gold prices hit a 6-year high. This is the highest

What is TDS? TDS is simply Tax Deducted at Source.  As per the Income Tax Act – persons responsible for making payments are required to deduct tax at source at prescribed rates. Instead of receiving tax on your income from you at a later date, the govt wants the payers to deduct tax before hand