It is very simple.
There is no component business in calculation of Professional Tax.
Whatever is the total net salary earned by anyone during the six months is added up and as per the salary range, Tax is recovered.
The Six monthly period is April to Sep and Oct to March.
Suppose some one's six monthly total net salary is Rs.30,000 then he/she has to pay Rs.75/-. as professional Tax.
In the same way if someone's six monthly total net salary is Rs.76,000/- then he/she has to pay Rs.810/-.
Even if it is 5,00,000 then also it Rs.810/- only.
First half should be paid on or before 15th Sep to the respective corporation area(ward) office where all other taxes like Property Tax.(House Tax) water Tax etc are paid by the public.
For the second half should be paid on or 15th March.
But normally one or two weeks grace period is given unofficially.
No issues. No fines or penalties.
No company/ No Employee is exempted from paying this Tax.
Ofcourse any employee whose total six monthly net salary is below Rs.21,000/- then he/she is exempted.
In addition company as a whole treated as one huge net salary earning employee and for that an additional Rs.810/- to be paid by the company as company's share.
Then there is a Company Tax. That also to be paid. There is a slab for this company Tax. The minimum is Rs.200 and the Maximum is Rs.1000/- for any big company. It is based on paidup capital of the company.
The rates are different from city to city corporation to corporation for both the professional Tax and for the company Tax. But procedure is same. No change at all. Kindly confirm the local rates from the office where other taxes like property tax, water tax etc. are paid. are paid by the public.
For further clarification do write to me.
Regards,
S.Kumarasubramanian