Professional Tax Calculation - interest rate.. CiteHR

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 -  Member Since: Jan 2008
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 -  Member Since: Jan 2008
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


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

With Warm Regards

T. Vignesh

satishg45 -  Member Since: Jan 2008
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 -  Member Since: Aug 2007
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

himannmdc2002 -  Member Since: Jan 2008
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 -  Member Since: Jul 2008
hi everybody,

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

Secondlly is Prof.Tax applicable on monthly incentives ?



halidh -  Member Since: Mar 2010
Is there any rules prescribing the deduction from basic or gross for Prof. Tax . if it is there also send the answer to Thanks, Haidh

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

svenkataram -  Member Since: Jul 2012
Venkataram S Please guide me how to calculate professional tax?and Overtime allowance and EPF shall consider calculation of Professional tax?


  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Share This Discussion:

    3M Users, 100K+ Documents & 450K+ Discussions
    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network