Maharashtra Profession Tax Amendment 2015

 Maharashtra Profession Tax Amendment 2015  Amendment in Maharashtra Profession Tax, Profession Tax on Employees in Maharashtra
Apr 302015
 

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2015 (Mah. Act No. XVII of 2015), is hereby published under the authority of the Governor.

Following Amendments passed

1. (Levy, Amendment and Validation) Act, 2015.
2. AMENDMENT TO THE MAHARASHTRA PURCHASE TAX ON SUGARCANE ACT, 1962.
3. AMENDMENT TO THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975.
4. AMENDMENT TO THE MAHARASHTRA TAX ON THE ENTRY OF GOODS INTO LOCAL AREAS ACT, 2002.
5. AMENDMENTS TO THE MAHARASHTRA VALUE ADDED TAX ACT, 2002.
6. VALIDATION AND SAVINGS

** In regards to Profession Tax, if any employer has finalize the salary of Apr-2015 Pls recalculate  the same as per new slab

(b) (i) in case of a male, exceed Rs. 7,500 but do not exceed Rs. 10,000 ;
175 per month
(ii) in case of a female, do not exceed Rs. 10,000 ;
Nil
Pls click below is the said Notification of the same

Download Circular

courtesy: [Prakash Consultancy Services]

Union cabinet approves continuation of minimum pension of Rs 1,000 per month

 Union cabinet approves continuation of minimum pension of Rs 1,000 per month  000 per month, minimum pension of Rs 1
Apr 302015
 

Union cabinet approves continuation of minimum pension of Rs 1,000 per month

The Union cabinet on Wednesday approved continuation of the minimum pension of Rs 1,000 per month beyond 2014-15 on a perpetual basis, benefiting about 20 lakh retirees covered under the pension scheme run by the Employees’ Provident Fund Organisation. Providing a minimum pension of Rs 1,000 per month is an effort to provide meaningful subsistence to pensioners who have served in the organized sector,” the government said in a statement.

The cabinet also approved Rs 850 crore per year grant to meet the liability on a tapering basis, it said.

The Employees’ Pension Scheme, 1995 (EPS), which was effective from September 2014, had expired on March 31, 2015, after which EPFO had restored to the earlier provision that had led to widespread protests from trade unions.

The UPA-II government had in February 2014 accorded approval to the proposal for ensuring a minimum pension of Rs 1,000 per month for the pensioners of EPS for 2014-15 and provided a budgetary support of Rs 1,217.03 crore.

However, the proposal could only be implemented by the BJP-led NDA government with effect from September 1 last year after necessary amendments to the EPS Act.

reproduced from economic times