ANDHRA PRADESH – PROFESSIONAL TAX – NEW PROVISIONS
Please find attached the latest amendment to the "A.P. State Profession Tax." The gist is as follows:
The Professional Tax Rates in Andhra Pradesh have changed as per G.O.Ms.No. 82 dated 04-02-2013, where the First Schedule has been replaced with an amended one. A copy of the notification is attached for reference.
The major changes compared to the old schedule are:
• No Profession Tax on salaries less than ₹15,000 (earlier applicable from a salary of ₹5,000 onwards). There are only two taxable slabs: salaries between ₹15,001 to ₹20,000 with PT ₹150 per month, and salaries above ₹20,000 with PT ₹200 per month.
• Companies not registered under the APVAT Act and having a turnover of less than ₹10.00 Lakhs do not attract any PT. (Earlier, all companies were taxed at ₹2,500 per annum.)
• Directors drawing remuneration from the company (other than those nominated by the Government) are only liable to pay PT of ₹2,500 per annum. (Earlier, all directors, other than those nominated by the Government, were liable to pay PT of ₹2,500 per annum.)
• A new category of exempted persons, mostly labor-oriented works, is added at Sl.No.39.
• A new category of taxable persons, other than those mentioned in any of the preceding entries, who are engaged in any profession, trade, calling, or employment with an annual income of more than ₹1,80,000, but excluding those who are exempted under Section 31 of the Act and Entry No. 39 above, is added at Sl. No. 40, taxing them at ₹2,500 per annum.
Regards,
Kumar