Benny ThadathilHi, Can I get the Kerala Professional Tax Rules. Regards, Benny.
From India, Bangalore
As per the as per Kerala Municipal Act, 1994 (Section 254) it is mandatory for all employees who are drawing a half yearly salary of more than Rs. 12,000/- to pay profession tax. This tax is to be paid to the respective corporation/ municipality in which the company is situated. The tax slab is as mentioned in the below table.
Sl.No Half Yearly Income Half Yearly Tax
1 Rs 12,000 to Rs 17,999. Rs 120
2 Rs 18,000 to Rs 29,999 Rs 180
3 Rs 30,000 to Rs 44,999 Rs 300
4 Rs 50,000 to Rs 59,999 Rs 450
5 Rs 60,000 to Rs 74,999 Rs 600
6 Rs 75,000 to Rs 99,999 Rs 750
7 Rs 1,00,000 to Rs 1,24,999 Rs 1,000
8 Rs 1,25,000 and above Rs 1,250
The delayed payment will attract a penalty at the rate of 1% per month. Also the penalty for not paying the profession tax will charge a fine of Rs. 5000/-.
For the submission of profession tax, it is mandatory that the below details are furnished.
Sl.No Name Designation Monthly Salary Salary x 6 months Profession Tax
From India, Trivandrum