Professional Tax Calculation [Thread 81903]

Dear All,

Kindly clarify whether Professional Tax is calculated on Basic Salary or if it is calculated on Basic + HRA + Other Benefits.

Rgds,
Priya

Dear Priya,

I am in Bangalore, under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976 & Rules, 1976 we have slab rate in their gross pay.

With Warm Regards,

T. Vignesh

Dear Priya,

I am in Bangalore, under the Karnataka Tax on Professions, Trades, Callings, and Employments Act, 1976 & Rules, 1976, we have slab rates in their gross pay.

PT FEE STRUCTURE FOR EMPLOYEE EVERY MONTH

- NOT LESS THAN Rs 3000/- BUT LESS THAN Rs 5000/- PM: Rs 30/- PM
- NOT LESS THAN Rs 5000/- BUT LESS THAN Rs 8000/- PM: Rs 60/- PM
- NOT LESS THAN Rs 8000/- BUT LESS THAN Rs 10000/- PM: Rs 100/- PM
- NOT LESS THAN Rs 10000/- BUT LESS THAN Rs 15000/- PM: Rs 150/- PM
- Rs 15000/- AND ABOVE: Rs 200/- PM

THIS SHALL BE PAID BEFORE THE 20th OF EVERY MONTH.

With Warm Regards,
T. Vignesh

Hello All,

The Professional Tax slabs in Maharashtra for F.Y. 2006-07 & 2007-08 are as follows:

1) Below Rs. 2,500/- Nil
2) Rs. 2,500/- and above but less than Rs. 3,500/- Rs. 60/- per month
3) Rs. 3,500 and above but less than Rs. 5,000/- Rs. 120/- per month
4) Rs. 5,000/- and above but less than Rs. 10,000/- Rs. 175/- per month
5) Rs. 10,000/- and above Rs. 2,500/- per annum as Professional Tax (Rs. 200/- per all other months but Rs. 300/- for March)

Interest Rate for Late Payment: 1.25% on the basic Tax amount
Penalty: Rs. 300/- per annum per return.
Last date for filing Return: 31st May every year.

All these slabs are based on monthly income.

Hi,

Now up to 5000/- is exempted from Professional Tax in AP from Jan/08 (Separate GO copy is readily available). I hope that the same slab is applicable all over the place.

Muralidhar

In India, the State Governments are authorized to charge and collect professional tax on any income earned by an individual. Professional tax is deducted on account of the said provisions and thus varies from state to state.
For e.g. it is deducted
In Tamil Nadu –@ Rs. 1620 per annum
In Karnataka -@ Rs. 2400 per annum
In Andhra Pradesh -@ Rs. 2400 per annum
In Maharahstra -@ Rs. 2500 per annum

Hi everybody,

I am working in Ahmedabad as an HR Manager with an FMCG company. Can anyone tell me what the prevailing professional tax rates are in Gujarat? Secondly, is professional tax applicable to monthly incentives?

Regards,
Jay

What is the interest rate for late quarterly filing and annual filing return of Professional Tax in Karnataka for the financial year 2009-10?

Venkataram S,

Please guide me on how to calculate professional tax. Also, should overtime allowance and EPF be considered in the calculation of professional tax?

Thank you.

Hi Everyone,

Please, can anyone clarify my doubt?

In Karnataka, the PT cutoff is 15000/-
1. If a person's monthly salary is 15100/-, he is applicable for PT. If the same person's net amount falls below 15000/- due to absences, is the PT still applicable or not?
2. If the same person is absent for 29 days in a month, resulting in a salary of only 503/-, what is the PT rate? Should we deduct PT from his salary or not?

Kindly, can anyone help me out with this?

Hi Shiva,

If an employee's gross salary exceeds Rs. 14,999 per month, we need to deduct Rs. 200 as Professional Tax (PT).

Regards,
Shiva