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The minimum wages for Dadra & Nagar Haveli have been revised from 1st April 2018. These changes are effective from 1st April 2018 to 30th September 2018.
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The EPFO has conveyed the approval of the Central Government to credit interest at 8.55% for the year 2017-18, to the account of each member of the EPF Scheme. This was conveyed via the Ministry of Labour and Employment as per the provisions under Para 60 of EPF Scheme, 1952.
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The new Profession Tax assessment and collection now involves the provision of tax on professions, trades, callings & employments, under the Tamil Nadu Municipal Laws (Second Amendment) Act 1998. The Profession Tax assessment is calculated based of the Half Yearly gross income for the following categories.
Individuals
Private Establishment
Salaried People (Central and State Govt.)
Company
Every person, engaged directly or otherwise in any profession, trade, callings and employments with the Greater Chennai Corporation city limits, has to pay half-yearly Profession Tax, as per section 138 C of Tamil Nadu Municipal Laws Second Amendment Act 59 of 1998.
Based on the gross income declared by the Half Yearly Profession Tax will be calculated as per the Table given below:
|
Sl.No |
Average Half-Yearly Income Rs. |
Half Yearly Profession tax Old Slab Rs. |
Half yearly Profession Tax w.e.f. 01.04.2018 |
|
|
From |
To |
|||
|
1 |
Up to 21,000 |
NIL |
NIL |
|
|
2 |
21,001 |
30,000 |
100/- |
135/- |
|
3 |
30,001 |
45,000 |
235/- |
315/- |
|
4 |
45,001 |
60,000 |
510/- |
690/- |
|
5 |
60,001 |
75,000 |
760/- |
1025/- |
|
6 |
75,001 and above |
1095/- |
1250/- |
|
After 10 Years, the respective act has been amended.
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