Dear all,
Professional Tax in Kerala
Every employer in Kerala is required to pay professional tax of their employees and his establishment to the Panchayath, Municipalities and corporation. Professional tax in Panchayath is governed by Kerala Panchayath Raj (Professional Tax) Rules ,1966 and professional tax in municipality and corporation is governed by Kerala Municipalities (professional tax) rules, 2005.
SCHEDULE
(See rule 3)
(Rates of Profession Tax in force is appended below) from Nov.2010
Sl.No------------ Half Yearly Income------------- Half Yearly Tax
1---------- Rs 12000 to Rs 17999---------- Rs 120
2---------- Rs 18000 to Rs 29999---------- Rs 180
3---------- Rs 30000 to Rs 44999---------- Rs 300
4---------- Rs 50000 to Rs 59999---------- Rs 450
5---------- Rs 60000 to Rs 74999---------- Rs 600
6---------- Rs 75000 to Rs 99999---------- Rs 750
7---------- Rs 100000 to Rs 124999------- Rs 1000
8---------- Rs 125000 and above----------- Rs 1250
Note:- (i) The slab is for a period of 06 Months.
Eg: If gross salary is 20,000/- per month then PT will be deducted Rs.1000/- in six months [either in proportionate or in lumpsum]. (20,000X6=120000 which is coming under the slab 1Lac to 1,24,999/-)
(ii) For the first Half of April to September the tax is to be paid on or before 30th September and for the second half of October to March the tax payment date is on or before 31 March.