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