Archive for May, 2015

Recent PT Amendments in Karnataka and Maharashtra

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Effective April 2015, the state authorities in Karnataka and Maharashtra have introduced amendments to Profession Tax. Karnataka 1. Profession Tax exemption to senior citizens who have attained age of 60 years. 2. Profession Tax exemption to persons drawing salary/wages less than Rs. 15,000 in a month. Source: http://ctax.kar.nic.in/latestupdates/ctd0001.pdf (Please refer to III PROFESSION TAX) Maharashtra […]

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SBI Lending Rates for Loan Perquisite Calculation – 2015-16

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State Bank of India (SBI) has published the reference lending rates for the purpose of loan perquisite calculation for the financial year 2015-16. You can find the SBI rates as on 01-Apr-2015 here. SBI’s loan product called “Xpress Credit” corresponds to personal loans provided by employers to their employees. There are 3 categories of reference […]

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