J.17011/1/2017-TAX
Mizoram profession tax schedule, Notification No. J.17011/1/2017-TAX of 11 July 2024
- Notification number
- J.17011/1/2017-TAX
- Issued for
- Mizoram
- Date
- 11 July 2024
- Topic
- Professional tax
What it says
Modifies the schedule of tax payable under the Mizoram Professions, Trades, Callings and Employments Taxation Act, 1995 (Act 7 of 1995) as amended by the Second Amendment Act, 2002, in supersession of Notification No.J.17011/1/96-TAX of 24 May 2013, with effect from the assessment year 2023-24 by reference to total gross income during the return period 2024-25. Salary and wage earners are taxed on total gross monthly income: nil up to Rs.5,000; Rs.75 a month or Rs.900 a year above Rs.5,000 to Rs.8,000; Rs.120 or Rs.1,440 to Rs.10,000; Rs.150 or Rs.1,800 to Rs.12,000; Rs.180 or Rs.2,160 to Rs.1
What was taken from it
The figures and statements this desk reads off this document, as extracted. Each one is shown on the topic page it belongs to: Professional tax · Mizoram.
- PT.Basis
- Total gross monthly income
- PT.Contractors
- 2 per cent of the total contracted amount, subject to a maximum of 2,500 a year
- PT.Levied
- Yes
- PT.Nil.Upto
- 5000
- PT.Professionals
- 2,500 a year for legal, medical and technical practitioners, insurance agents, estate agents and company directors
- PT.Slab.10000 12000
- 150 a month, or 1,800 a year in lump sum
- PT.Slab.12000 15000
- 180 a month, or 2,160 a year in lump sum
- PT.Slab.15000 20000
- 195 a month, or 2,340 a year in lump sum
- PT.Slab.5000 8000
- 75 a month, or 900 a year in lump sum
- PT.Slab.8000 10000
- 120 a month, or 1,440 a year in lump sum
- PT.Slab.Above 20000
- 208 a month, or 2,500 a year in lump sum