Prof tax
This query is : Resolved
17 March 2012
If annual salary is to be paid to directors-one time payment, how much professional tax to be deducted?
Ajay Mishra
(Expert)
17 March 2012
Hi
Professional Tax will differ state to state.
In New Delhi the professional tax rate will be
Income Tax to be imposed
Upto ` 1,10,000 Nil
From ` 1,10,000 To ` 1,45,000 Nil
From ` 1,45,000 To ` 1,50,000 10 %
From ` 1,50,000 To ` 1,95,000 20 %
From ` 1,95,000 To ` 2,50,000 20 %
More than ` 2,50,000 30 %
Regards
Professional Tax will differ state to state.
In New Delhi the professional tax rate will be
Income Tax to be imposed
Upto ` 1,10,000 Nil
From ` 1,10,000 To ` 1,45,000 Nil
From ` 1,45,000 To ` 1,50,000 10 %
From ` 1,50,000 To ` 1,95,000 20 %
From ` 1,95,000 To ` 2,50,000 20 %
More than ` 2,50,000 30 %
Regards
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