Hi, Can anybody give details about Professional Tax. What is mean by Professional Tax how it can be calculated what is the purpose of professional Tax. Thanks LS.
From India, Madras
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1From India, Madras
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Understanding Professional Tax
Can anybody give details about Professional Tax? What does Professional Tax mean, and how is it calculated? What is the purpose of Professional Tax?
Professional tax is levied by particular Municipal Corporations, and a majority of Indian states impose this duty. It is a source of revenue for the government. The maximum amount payable per year is Rs. 2,400, and based on your salary, there are predetermined slabs. It is paid by every member of staff employed in private companies. The employer deducts it each month and sends it to the Municipal Corporation. Professional Tax is compulsory, similar to income tax.
Thanks,
LS.
From India, Gurgaon
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Can anybody give details about Professional Tax? What does Professional Tax mean, and how is it calculated? What is the purpose of Professional Tax?
Professional tax is levied by particular Municipal Corporations, and a majority of Indian states impose this duty. It is a source of revenue for the government. The maximum amount payable per year is Rs. 2,400, and based on your salary, there are predetermined slabs. It is paid by every member of staff employed in private companies. The employer deducts it each month and sends it to the Municipal Corporation. Professional Tax is compulsory, similar to income tax.
Thanks,
LS.
From India, Gurgaon
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Professional tax varies from state to state. Below, I am citing some examples to show you a clear picture.
Examples: State-wise Professional Tax Slabs
Professional tax slabs:
Karnataka:
- 0-9999 = 0
- 10,000-14,999 = 150
- 15,000-above = 200
Maharashtra:
- 0-5000 = 0
- 5001-10000 = 175
- 10001-above = 200
Odisha:
- 0-5000 = 0
- 5001-6000 = 30
- 6001-8000 = 50
- 8001-10000 = 75
- 10001-15000 = 100
- 15001-20000 = 150
- 20001-above = 200
Gujarat:
- 0-3000 = 0
- 3001-6000 = 20
- 6001-9000 = 40
- 9001-12000 = 60
- 12001-above = 80
Chhattisgarh:
- 0-12500 = 0
- 12501-16667 = 150
- 16668-20833 = 180
- 20834-25000 = 190
- 25001-above = 200
Regards,
Satyajeet Padhee.
From India, Madras
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Examples: State-wise Professional Tax Slabs
Professional tax slabs:
Karnataka:
- 0-9999 = 0
- 10,000-14,999 = 150
- 15,000-above = 200
Maharashtra:
- 0-5000 = 0
- 5001-10000 = 175
- 10001-above = 200
Odisha:
- 0-5000 = 0
- 5001-6000 = 30
- 6001-8000 = 50
- 8001-10000 = 75
- 10001-15000 = 100
- 15001-20000 = 150
- 20001-above = 200
Gujarat:
- 0-3000 = 0
- 3001-6000 = 20
- 6001-9000 = 40
- 9001-12000 = 60
- 12001-above = 80
Chhattisgarh:
- 0-12500 = 0
- 12501-16667 = 150
- 16668-20833 = 180
- 20834-25000 = 190
- 25001-above = 200
Regards,
Satyajeet Padhee.
From India, Madras
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Professional Tax Slabs in Andhra Pradesh
The tax deducted on a profession should have earnings on any profession covered under Professional Tax. Here are the professional tax slabs for Andhra Pradesh:
- Up to ₹5,000 = NIL
- ₹5,001 - ₹6,000 = ₹60 PM
- ₹6,001 - ₹10,000 = ₹80 PM
- ₹10,001 - ₹15,000 = ₹100 PM
- ₹15,001 - ₹20,000 = ₹150 PM
- Above ₹20,000 = ₹200 PM
Regards,
D. Vijay Kumar
Visakhapatnam
From India, Visakhapatnam
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The tax deducted on a profession should have earnings on any profession covered under Professional Tax. Here are the professional tax slabs for Andhra Pradesh:
- Up to ₹5,000 = NIL
- ₹5,001 - ₹6,000 = ₹60 PM
- ₹6,001 - ₹10,000 = ₹80 PM
- ₹10,001 - ₹15,000 = ₹100 PM
- ₹15,001 - ₹20,000 = ₹150 PM
- Above ₹20,000 = ₹200 PM
Regards,
D. Vijay Kumar
Visakhapatnam
From India, Visakhapatnam
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Professional Tax State Wise Slabs.doc
PROFESSIONAL TAX SLABS -.xls