Profession Tax Enrolment Amnesty Scheme 2016

Every Self-Employed person engaged in any Profession, Trade, Callings and Employment in state of Maharashtra are require to obtained Enrolment Certificate under profession tax act and pay tax on yearly basis for every financial year before 30 June.

Maharashtra Sales Tax Department has introduced new scheme for persons who are liable but not enroll themselves under Profession Tax Act called Profession Tax Enrolment Amnesty Scheme. Government of Maharashtra has declared an Amnesty Scheme to encourage the persons to get them enrolled under Profession Tax Act. Persons who are liable but not obtained enrolment certificate yet, He can make an application for enrolment from 1 April 2016 to 30 September 2016 under amnesty scheme.

Eligibility-

Applicable to all persons, who are liable but not enrolled under Profession Tax Act.

Benefits-

1) Un-enroll persons who will make an application to enroll themselves under amnesty scheme are not liable to pay Profession Tax and Interest in respect of period prior to 1 April 2013.

2) Penalty U/s 5(5) of Profession Tax Act 1975 will not imposed.

TCS Rates for F.Y. 2016-17 (A.Y. 2017-18)

Section	Nature of Payment	Cut-off Amount	TCS Rates (%)
			Individual / HUF	Other
206C	Scrap	-	1	1
206C	Tendu Leaves	-	5	5
206C	Timber obtained under a forest lease or other mode	-	2.5	2.5
206C	Any other forest produce not being a timber or tendu leave	-	2.5	2.5
206C	Alcoholic Liquor for human consumption	-	1	1
206C	Parking Lot, toll plaza, mining and quarrying	-	2	2
206C	Minerals, being coal or lignite or iron ore (applicable from July 1, 2012)	-	1	1
206C	Bullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs or jewellery if consideration exceeds Rs. 5 Lakhs (and any amount is received in cash) (applicable from July 1, 2012)	-	1	1
206C	TCS on sale in cash of any goods (other than bullion/jewellary)	200000	1	1
206C	TCS on providing of any services (other than Ch-XVII-B)	200000	1	1
206C	TCS on Motor Vehicle	1000000	1	1

  Taken from www.tdscpc.gov.in

TDS Rates F.Y. 2016-17 (A.Y. 17-18)

	Section 192 - Salaries
→	Individual / HUF - Average rates as applicable
→	If No / Invalid PAN - 30 %
	Section 192A - Payment of accumulated balance due to an employee.(applicable from 01.06.2015)
→	Threshold (Rs.) - 30000
→	Individual / HUF
	1-April-2016 to 31-May-2016 - 10 %
	1-Jun-2016 to 31-Mar-2017 - 10 %
→	If No / Invalid PAN - 30 %
	Section 193 - Interest on securities
→	Threshold (Rs.) - 10000
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194 - Dividends
→	Threshold (Rs.) - 2500
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194A - Interest other than interest on securities - Others
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194A - Banks
→	Threshold (Rs.) - 10000
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194B - Winning from Lotteries
→	Threshold (Rs.) - 10000
→	Company / Firm / Co-operative Society / Local Authority - 30 %
→	Individual / HUF - 30 %
→	If No / Invalid PAN - 30 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194BB - Winnings from Horse Race
→	Threshold (Rs.)
	1-April-2016 to 31-May-2016 - 5000
	1-Jun-2016 to 31-Mar-2017 - 10000
→	Company / Firm / Co-operative Society / Local Authority - 30 %
→	Individual / HUF - 30 %
→	If No / Invalid PAN - 30 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194 C - Payment to Contractors
→	Threshold (Rs.)
	1-April-2016 to 31-May-2016 - 75000
	1-April-2016 to 31-Mar-2017 - 100000
→	Company / Firm / Co-operative Society / Local Authority - 2 %
→	Individual / HUF - 1 %
→	If No / Invalid PAN - 20 %
	Contract - Transporter who has provided valid PAN - No Tds
	If No / Invalid PAN - 20 %
	Section 194D - Insurance Commission
→	Threshold (Rs.)
	1-April-2016 to 31-May-2016 - 20000
	1-June-2016 to 31-Mar-2017 - 15000
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 5 %
→	If No / Invalid PAN - 20 %
	Section 194DA Payment in respect of life insurance policy(applicable from 01.10.2014)
→	Threshold (Rs.) - 100000
→	Company / Firm / Co-operative Society / Local Authority
	1-April-2016 to 31-May-2016 - 2 %
	1-June-2016 to 31-Mar-2017 - 1 %
→	Individual / HUF
	1-April-2016 to 31-May-2016 - 2 %
	1-June-2016 to 31-Mar-2017 - 1 %
→	If No / Invalid PAN - 20 %
	Section 194E - Payment to Non-Resident Sportsmen or Sports Association
→	Company / Firm / Co-operative Society / Local Authority - 20 %
→	Individual / HUF - 20 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 12 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
	Section 194EE - Payments out of deposits under NSS
→	Threshold (Rs.) - 2500
→	Company / Firm / Co-operative Society / Local Authority
	1-April-2016 to 31-May-2016 - 20%
	1-Jun-2016 to 31-Mar-2017 - 10 %
→	Individual / HUF
	1-April-2016 to 31-May-2016 - 20 %
	1-Jun-2016 to 31-Mar-2017 - 10 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194F - Repurchase Units by MFs
→	Threshold (Rs.) - 0
→	Company / Firm / Co-operative Society / Local Authority - 20 %
→	Individual / HUF - 20 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194G - Commission - Lottery
→	Threshold (Rs.)
	1-April-2016 to 31-May-2016 - 1000
	1-Jun-2016 to 31-Mar-2017 - 15000
→	Company / Firm / Co-operative Society / Local Authority
	1-April-2016 to 31-May-2016 - 10 %
	1-Jun-2016 to 31-Mar-2017 - 5 %
→	Individual / HUF
	1-April-2016 to 31-May-2016 - 10 %
	1-Jun-2016 to 31-Mar-2017 - 5 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194H - Commission / Brokerage
→	Threshold (Rs.)
	1-April-2016 to 31-May-2016 - 5000
	1-Jun-2016 to 31-Mar-2017 - 15000
→	Company / Firm / Co-operative Society / Local Authority
	1-April-2016 to 31-May-2016 - 10 %
	1-Jun-2016 to 31-Mar-2017 - 5 %
→	Individual / HUF
	1-April-2016 to 31-May-2016 - 10 %
	1-Jun-2016 to 31-Mar-2017 - 5 %
→	If No / Invalid PAN - 20 %
	Section 194I - Rent - Land and Building / furniture / fittings
→	Threshold (Rs.) - 180000
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194I - Rent - Plant / Machinery / equipment
→	Threshold (Rs.) - 180000
→	Company / Firm / Co-operative Society / Local Authority - 2 %
→	Individual / HUF - 2 %
→	If No / Invalid PAN - 20 %
	Section 194IA -Transfer of certain immovable property other than agriculture land(w.e.f 1-6-2013)
→	Threshold (Rs.) - 5000000
→	Company / Firm / Co-operative Society / Local Authority - 1 %
→	Individual / HUF - 1 %
→	If No / Invalid PAN - 20 %
	Section 194J - Professional Fees
→	Threshold (Rs.) - 30000
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194LA - Immovable Property
→	Threshold (Rs.)
	200000 (1-April-2016 to 31-May-2016)
	250000 (1-June-2016 to 31-Mar-2017)
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194LB - Income by way of interest from infrastructure debt fund (non-resident)
→	Company / Firm / Co-operative Society / Local Authority - 5 %
→	Individual / HUF - 5 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194LBA - Certain income from units of a business trust(applicable from 01.10.2014)
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
	Section 194LBA - Certain income from units of a business trust to non resident (applicable from 01.10.2014)
→	Company / Firm / Co-operative Society / Local Authority - 5 %
→	Individual / HUF - 5 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194LBB - Income in respect of units of investment fund. (applicable from 01.06.2015)
→	Company / Firm / Co-operative Society / Local Authority
	For Residents - 10 %
	For Non Residents (1-April-2016 to 31-May-2016) - 10 %
	For Non Residents (1-Jun-2016 to 31-Mar-2017) - 40 %
→	Individual / HUF
	For Residents - 10%
	For Non Residents ( 1-April-2016 to 31-May-2016) - 10 %
	For NonResidents (1-Jun-2016 to 31-Mar-2017) - 30 %
→	If No / Invalid PAN - 20/30/40 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194LBC - Income in respect of investment in securitisation trust.
→	Company / Firm / Co-operative Society / Local Authority
	For Residents - 30 %
	For Non Residents - 40 %
→	Individual / HUF
	For Residents - 25 %
	For Non Residents - 30 %
→	If No / Invalid PAN - 25/30/40 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194 LC - Income by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012)
→	Company / Firm / Co-operative Society / Local Authority - 5 %
→	Individual / HUF - 5 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 194LD - Interest on certain bonds and govt. Securities(from 01-06-2013)
→	Company / Firm / Co-operative Society / Local Authority - 5 %
→	Individual / HUF - 5 %
→	If No / Invalid PAN - 20 %
	Section 195 - Other Sums
→	Company / Firm / Co-operative Society / Local Authority - Average rates as applicable
→	If No / Invalid PAN - 30 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 196A-Foreign comp unit holder of MF
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 20 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 196B - Income from units
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)
→	Company / Firm / Co-operative Society / Local Authority - 10 %
→	Individual / HUF - 10 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %
	Section 196D - Income of FIIs from securities
→	Company / Firm / Co-operative Society / Local Authority - 20 %
→	Individual / HUF - 20 %
→	If No / Invalid PAN - 20 %
→	Non Residents other than company (if income exceeds Rs.1 Crore) - 15 %
→	Non Resident companies if income is between Rs.1 Crore and 10 Crore - 2 %
→	Non Resident companies if income is greater than Rs.10 Crore - 5 %
→	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) - 12 %