Professional tax
This query is : Resolved
13 February 2012
Sir/madam, what is professional? What are the rates for it? From whom it collected? To whom it paid? I know only it can be deduct frm salary income. Pls answr me.
14 February 2012
Profession tax is a tax imposed by the state government on salaried employees / professionals/ self employed businessman under a separate statute. Since it is governed under Corporation/municipality/ panchayath act ,levy/ collection / administration is through the said bodies. The said tax is collected at a graded rate the maximum being restricted to Rs.2,500/- per annum through clause 2 of article 276 of the Constitution of India.
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