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RC - Registration Certificate of Profession Tax - Payment of Employer profession tax EC - Enrollment Certificate of Profession Tax - payment of Employee profession tax
Yes. Professional Tax is applicable in Meghalaya.
Form VIII is a tax return form used in India for the payment of profession tax. It is specifically designed for individuals and entities liable to pay profession tax under state laws, detailing the income and applicable tax calculations. This form helps ensure compliance with local tax regulations and is often required for businesses and self-employed individuals to report their earnings and remit the appropriate tax amount. Each state may have specific requirements and formats for Form VIII, so it's essential to refer to the local tax authority's guidelines.
Yes, commissions are generally considered taxable income by the IRS. This applies to both employees and independent contractors. If you earn commissions, you must report them on your tax return, and they are subject to income tax and self-employment tax if applicable. Always consult a tax professional for specific guidance related to your situation.
Statutory deductions consist of FIT(Federal Income Tax), SIT(State Income Tax, where applicable), City (Where applicable), SD( School District Tax, where applicable), FICA and Medicare.
Contact the tax office
what is my new profession tax no our old number is PTR/416/26/34
Please tell me the new profession tax slab in mumbai
Is service tax applicable to mobile pre paid recharge distributor?
The TDS (Tax Deducted at Source) rate applicable on JCB hire charges is 2% as per Indian tax laws for payments made to contractors and sub-contractors. This means that when making payments for JCB hire charges, 2% should be deducted as TDS and remitted to the government.
The deadline to send out 1099 tax forms to independent contractors and non-employees is January 31st.
Accounting is the profession that would have individuals skilled in tax information. A Certified Public Accountant would be a good choice for help.