Kerala Municipal Act, 1994: Professional Tax Details
As per the 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 a profession tax. This tax is to be paid to the respective corporation/municipality in which the company is situated. The tax slabs are as mentioned in the table below:
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 incur a fine of Rs. 5000/-.
Submission Requirements for Profession Tax
For the submission of profession tax, it is mandatory that the following details are furnished:
Sl.No Name Designation Monthly Salary Salary x 6 months Profession Tax
Regards,
Abja