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The set of professional tax slabs in India are different for all the 28 states in India, and some of the states have formulated different professional tax slabs for men, women, and senior citizens of the respective states.
Maharashtra's Tax Slabs:
The professional tax slabs in India are applicable to those citizens of India who are involved in any profession or trade. The state government of each state is empowered with the responsibility of structuring and formulating the respective professional tax criteria, and they are also required to collect funds through professional tax. Professional taxes are charged on the incomes of individuals, profits of businesses, or gains in vocations. The professional tax is charged as per List II of the Indian Constitution. Professional taxes are classified under various tax slabs in India. Maharashtra, the commercial capital of India, follows the following professional tax slab:
Income | Monthly Professional Tax
---|---
Less than Rs. 2500 | Nil
Between Rs. 2500 - Rs.
Tamil Nadu's Tax Slabs:
The professional tax slab structure followed in Tamil Nadu on a half-yearly basis is formulated as follows:
Income | Monthly Professional Tax
---|---
Less than
West Bengal's Tax Slabs:
West Bengal has created its respective professional tax slab structure to keep the residents informed about the exact deductions from their incomes. The professional tax slab in West Bengal has been categorized as per the following criteria:
Income | Monthly Professional Tax
---|---
Less than 1,500 | Nil
Between Rs. 1501 - Rs. 2001 | Rs. 18
Between Rs. 2001 - Rs. 3001 | Rs. 25
Between Rs. 3001 - 5001 | Rs. 30
Rs. 5001 | Rs. 40
Between Rs. 6001 -
Delhi's Tax Slabs:
The Indian capital has its own professional tax structure categorized under various heads like professional tax for corporate professionals, non-corporate professionals, corporate contractors, non-corporate contractors. The professional tax rate for corporate professionals has been declared as 11.33%, whereas the corporate contractors are levied 2.26% of their income towards their professional tax. The deductions for non-corporate professionals have been adjusted at 10.30% of their incomes, but for non-corporate contractors, it's 2.06% of their incomes. The professional tax slabs concerning various income groups in Delhi are structured as follows:
Income | Percentage of Professional Tax
---|---
Less than Rs.1,10,000 | Nil
Between Rs.1,10,000 - Rs.1,45,000 | Nil
Between Rs.1,45,000 - Rs.1,50,000 | 10%
Between Rs.1,50,000 - Rs.1,95,000 | 20%
Between Rs.1,95,000 - Rs.2,50,000 | 20%
Beyond Rs.2,50,000 | 30%
Delhi has also formulated a different professional tax slab for people with income beyond Rs. 10,00,000. Such income groups are required to pay 10% of their income as a surcharge. The professional tax structure in Delhi includes an education cess. The education cess is calculated by aggregating the tax amount and the surcharge, then deducting 2% of the aggregate for education cess. The professional tax structure for partnership companies includes a surcharge at the rate of 10% of the profits. Partnership companies are required to pay 2% of their profits as education cess. The calculation of education cess for companies also requires aggregating the income tax and the surcharge initially, then deducting 2% of the aggregate for education cess. The professional tax rate for partnership firms is decided at 30% of the profit, and the effective rate of tax for these firms is %.
This information was found on the following website: [Tax Slabs in India](http://business.mapsofindia.com/india-tax/structure/slabs.html)
Mahipal.