What is
professional tax?
In India,
the professional tax is imposed at the state level. But following states impose this levy in India –
Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamilnadu, Gujarat, and
Madhya Pradesh.
Who Has To Pay ?
Business
owners, working individuals, merchants and people carrying out various
occupations.
Professional
tax is levied by respective Municipal Corporations and majority of the Indian
states impose this duty.. The maximum amount payable Per Annum .2,400/- and in
line with your salary, the slabs are
fixed. It is paid by every member of staff employed in private companies. It is
compulsory . income tax deduction is available for this payment.
STATEWISE CRITERIA
Maharashtra- This duty is applicable both on
individuals and companies as laid down by the guidelines of the Maharashtra
Professional Tax Act of 1975.Every
individual living in Maharashtra, involved in any business, profession,
occupation or employment is legally responsible to pay it and has to get a
Certificate of Enrolment from the Professional Authority.As soon
as you receive this certificate, you can fulfil your personal tax liability for
5 years by making a one-time payment, which is equivalent to the sum of
Professional Tax for 4 years beforehand, getting relief for payment of one
year.
Tamil
Nadu - It is imposed by the Municipal Council on businessmen, professionals,
and employed individuals.Every company
which conducts business and every individual, who is involved directly in any
business, occupation, or employment in the town panchayat .
When - on
the first day of the half-year for which return has been submitted, needs to
pay biannual tax at the rates stipulated.
Professional
Tax Slabs in Various States
In West
Bengal
Income
|
Tax to be imposed
|
Upto 1,500
|
Nil
|
From ` 1501 To Rs
2001
|
Rs. 18
|
From ` 2001 To Rs
3001
|
Rs. 25
|
From ` 3001 To Rs
5001
|
Rs. 30
|
Rs. 5001
|
Rs. 40
|
From ` 6001 -7001
|
Rs. 45
|
From Rs.7001 to Rs.8000
|
Rs.50
|
From Rs.8001 to Rs.9000
|
Rs.90
|
From Rs.9001 to Rs.15,000
|
Rs.110
|
From Rs.15001 to Rs.25,000
|
Rs.130
|
From Rs.25,001 to Rs.40,000
|
Rs.150
|
Beyond Rs.40,001
|
Rs.200
|
In
Maharashtra
Income
|
Tax to be imposed
|
upto ` 2500
|
Nil
|
From ` 2500 to Rs
3500
|
Rs.60
|
From ` 3500 to Rs
5000
|
Rs.120
|
From ` 5000 to Rs
10000
|
Rs.175
|
More than Rs.10000
|
Rs 200
|
In Tamil
Nadu
Income
|
Tax to be imposed
|
Upto Rs.21000
|
Nil
|
From Rs.21001 to Rs.30000
|
Rs.75
|
From Rs.30001 to Rs.45000
|
Rs.188
|
From Rs.45001 to Rs.60000
|
Rs.390
|
From Rs.60001 to Rs.75000
|
Rs.585
|
More than Rs.75001
|
Rs.810
|
In New
Delhi
Income
|
Tax to be imposed
|
Upto Rs.1,10,000
|
Nil
|
From Rs.1,10,000
To ` 1,45,000
|
Nil
|
From Rs.1,45,000
To ` 1,50,000
|
10 %
|
From Rs.1,50,000
To ` 1,95,000
|
20 %
|
From Rs.1,95,000
To ` 2,50,000
|
20 %
|
More than Rs.2,50,000
|
30 %
|
This comment has been removed by the author.
ReplyDelete