professional tax payable on net salary or gross salary
Professional Tax The professional tax is a slab-amount based on the gross income of the professional and salaried and as well as the other states as may be decided employee's. It is deducted from salary of the employee every month. In case of a company, directors of a company, partnership's, individual partners, self-employed professional or owner's of any business undertaken in the state, it is to be submitted depending upon their gross turnover in the preceding year. In some cases, the payment of tax is fixed and is to be paid irrespective of turnover. For example in state of West Bengal, owner of a factory has to pay professional tax only if the preceding year turnover is greater than 5 lac rupees and in case of companies there is a mandatory payment of rupees 2,500 /- each year as professional tax irrespective of turnover.[3] For west bengal professional tax slabs and rates on employee or otherwise click here.
Salaries of Members of the United Kingdom Parliament The basic annual salary of an MP in the House of Commons was increased to £74,000 as of 31 July 2015.[2] Many MPs (ministers, the Speaker, senior opposition leaders, opposition chief whip, etc.) receive a supplementary salary for their specific responsibilities. As of 1 April 2015 these additional entitlements range from £15,025 for Select Committee Chairs[3] to £74,990 for the Prime Minister.[4] On 24 May 2015 David Cameron announced that he intended to freeze ministerial pay for the next five years.[5] However, on 2 June 2015 the Daily Mail reported that ministerial pay was to increase at the same time as MP's basic pay was increased to £74,000. The Prime Minister's total salary would therefore increase from £142,500 to £149,440. The total salary for Cabinet Ministers would increase from £134,565 to £141,505. The total salary for ministers would increase from £89,740 to £96,375. And the total salary for parliamentary under secretaries would increase from £89,435 to £96,375.[6] Full details of current ministerial pay at all levels have yet to be published on either the UK Parliament website or that of the Independent Parliamentary Standards Authority.