Author: Ravi Kumar

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What is Professional Tax Enrollment (PTEC) and Professional Tax Registration (PTRC)?

Professional tax is a state-level tax in India imposed on individuals earning an income through salary, practicing a profession, or running a business. In Karnataka, professional tax is governed by the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. This tutorial provides a comprehensive guide on Professional Tax […]

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How to Stay Compliant with Professional Tax Regulations?

Staying compliant with professional tax regulations is crucial for both employees and employers to avoid penalties and ensure smooth financial operations. This comprehensive guide will provide you with essential steps and best practices to ensure compliance with professional tax regulations. Table of Contents Importance of Compliance Professional tax compliance is […]

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Understanding Professional Tax: Key Information for Employees and Employers

Professional tax is a critical aspect of taxation that both employees and employers need to understand thoroughly. It is a state-level tax imposed on income earned through employment or professional activities. This guide provides key information on professional tax, helping you navigate its implications and compliance requirements effectively. Table of […]

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Tax-Free Rate for a Company under Section 44AD and Section 44ADA of the Income Tax Act, India

Sections 44AD and 44ADA of the Income Tax Act, of 1961, offer a simplified taxation scheme for small businesses and professionals. These provisions aim to ease the compliance burden on small taxpayers by allowing them to declare income on a presumptive basis. Section 44AD: Presumptive Taxation for Small Businesses Section […]

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Understanding Professional Tax: Key Information for Employees and Employers

Professional tax is a state-level levy imposed on individuals and entities engaged in employment, professions, or business activities. This tax, administered by state governments, varies in its application and rates across different regions. This guide offers a detailed overview of professional tax, its purpose, and the responsibilities of both employees […]

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