Income tax vs. professional tax
This query is : Resolved
PUSHPENDRA KUMAR SINGH
(Querist)
25 July 2012
1. what is the difference between income tax and professional tax.
2. how the treatment of tax for income tax is different from professional.
2. how the treatment of tax for income tax is different from professional.
Amol S Joglekar
(Expert)
31 July 2012
Income tax is tax on income. It is a DIRECT TAX. Professional tax is a tax for those who carry trade, profession or calling. This can be claimed as expenditure under income tax.
04 August 2012
Income tax is levied and collected by the Central Government whereas the Professional Tax is levied and collected by the state Government. For other information I agree with the expert
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