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Professional Tax Calculation - Interest Rate

PriyaNair Started The Discussion:

Dear All, Kindly clarify Professional Tax is calculated on Basic Salary or It is calculated on Basic + HRA+ Other Benefits. Rgds Priya

vickybcom_mba - Contributing Member
Dear Priya, I am in Bangalore, UNDER THE KARNATAKA TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1976 & RULES, 1976 we have slab rate in their gross pay With Warm Regards T. Vignesh

vickybcom_mba - Contributing Member
Dear Priya,

I am in Bangalore, UNDER THE KARNATAKA TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1976 & RULES, 1976 we have slab rate in their gross pay

PT FEE STRUCTURE FOR EMPLOYEE EVERY MONTH

NOT LESS THAN Rs 3000/- BUT LESS THAN Rs 5000/- PM Rs 30/- PM
NOT LESS THAN Rs 5000/- BUT LESS THAN Rs 8000/- PM Rs 60/- PM
NOT LESS THAN Ras 8000/- BUT LESS THAN Ras 10000/- PM Rs 100/- PM
NOT LESS THAN Ras 10000/- BUT LESS THAN Ras 15000/- PM Rs 150/- PM
Rs 15000/- AND ABOVE Ras 200/- PM
THIS SHALL BE PAID BEFORE 20 THE OF EVERY MONTH.

With Warm Regards

T. Vignesh

satishg45 - 
Hello All,
The Professional Tax slbs in Maharashtra for F.Y.2006-07 & 2007-08

1). Below Rs. 2,500/- Nil
2). Rs.2,500/- and above and less than Rs.3,500/- Rs.60/- per month
3). Rs.3,500 and above but less than Rs.5,000/- Rs.120/- per month
4). Rs.5,000/- and above but less than Rs.10,000/- Rs.175/- per month
5). Rs.10,000/- and above Rs.2,500/- per Annum as Professional Tax
(Rs.200/- per all other months but Rs.300/-
for March)

Interest Rate for Late Payment 1.25% on basic Tax amount
Panelty Rs.300/- per annum per return.
Last date for filling Return 31st May every year.
All this slabs are on monthly income

Hai, Now upto 5000/- Exempted from Profissional Tax at AP from Jan/08 ( Separate GO copy is readily available). Hope this same slab is applicable all over the place....... Muralidhar

In India, the State Governments are authorized to charge and collect professional tax on any income earned by an individual. Professional tax is deducted on account of the said provisions and thus varies from state to state.
For e.g. it is deducted
In Tamil Nadu @ Rs. 1620 per annum
In Karnataka -@ Rs. 2400 per annum
In Andhra Pradesh -@ Rs. 2400 per annum
In Maharahstra -@ Rs. 2500 per annum

jay22877 - Contributing Member
hi everybody,

I am working in Ahmedabad as HR Manager with an FMCG Co.Can anyone tell me what is the Prevailing prof.tax rates in Gujarat.

Secondlly is Prof.Tax applicable on monthly incentives ?

Regards,

Jay

halidh - 
Is there any rules prescribing the deduction from basic or gross for Prof. Tax . if it is there also send the answer to contacthalidh@gmail.com Thanks, Haidh

Devadiga - 
what is the interest rate for late quarterly filing & Annual filing return of Professional tax in karnataka financial year 2009-10

Venkataram S Please guide me how to calculate professional tax?and Overtime allowance and EPF shall consider calculation of Professional tax?

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