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professional tax slab rate in tamilnadu

sathis (accounts executive) (311 Points)

30 March 2009

Dear Friends,

Pls tell me what is the slab rate for professional tax in tamilnadu (latest).

Thanx

Sathis

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4 Replies

Dheeraj (Prop) (22 Points)
Replied 14 April 2009

Chennai

S.No. Half Year Income Rate
Amt in Rs.

1 up to Rs. 21000/- Nil
2 Rs. 21000/- to Rs. 30000/- 75
3 Rs.30001/- to Rs. 45000/- 188
4 Rs. 45001/- to Rs. 60000/- 390
5 Rs. 60001/- to Rs. 75000/- 585
6 Rs. 75001 above 810

Coimbatore

S.No. Half Year Income Rate
Amt in Rs.

1 up to Rs. 21000/- Nil
2 Rs. 21000/- to Rs. 30000/- 75
3 Rs.30001/- to Rs. 45000/- 188
4 Rs. 45001/- to Rs. 60000/- 375
5 Rs. 60001/- to Rs. 75000/- 563
6 Rs. 75001 above 750

Madurai

S.No. Half Year Income Rate
Amt in Rs.

1 up to Rs. 21000/- Nil
2 Rs. 21000/- to Rs. 30000/- 75
3 Rs.30001/- to Rs. 45000/- 188
4 Rs. 45001/- to Rs. 60000/- 375
5 Rs. 60001/- to Rs. 75000/- 563
6 Rs. 75001 above 750

Trichy

S.No. Half Year Income Rate
Amt in Rs.

1 up to Rs. 21000/- Nil
2 Rs. 21000/- to Rs. 30000/- 78
3 Rs.30001/- to Rs. 45000/- 195
4 Rs. 45001/- to Rs. 60000/- 390
5 Rs. 60001/- to Rs. 75000/- 585
6 Rs. 75001 above 780

DHEERAJ S. SURI

DEEP CONSULTANCY

ESI / PF / PT CONSULTANTS PAN INDIA

+91-9820424843

smegam (Chartered Accountant) (89 Points)
Replied 28 September 2009

Originally posted by :sathis

hai friends ,

The profession tax for chennai , as per chennai corporation limit, it is changed

the details are as follows:

This is from Chennai corporation site,

www.chennaiucorporation.gov.in

Average Halfyearly Income	Employer	No. of Employees in each income slot	Tax to be paid
Upto 21000
21001 - 30000
30001 - 45000
45001 - 60000
60001 - 75000
Above 75000

Home>> Departments Revenue

Collection of Tax

Property Tax

In respect of property tax collection it was proposed applying extensive use of information technology initiating people friendly among the Revenue Department Officials at all levels.

Property tax collection shall be collected through Online and offline mode. In Online mode, we shall effect collection through internet Banking credit card and counter payment at zonal offices of Chennai Corporation.

In the offline mode, takes shall be collected through Electronic Clearing Scheme (ECS) and walk-in-payment facility in the following Banks.

ICICI, I.B., IDBI., HDFC., Dhanalakshmi Bank, UTI Bank and SBI. Both these facilities again shall be semi-online nature.

The collection of property tax when compare to last 10 years it is always in upward Trend.

Profession Tax

Online Computerisation of Profession Tax and payment of Profession Tax through online are to be initiated. They can also check the status of payment through the website.

The Profession Tax assessment and collection is coming under the provision of tax on professions, trades, calling & employments, under the Tamilnadu Municipal Laws (Second Amendment) Act 1998 Profession Tax is higher source of income next to Property Tax. The Profession Tax assessment is calculated based of the Half Yearly gross income for the following categories.

Individuals
Private Establishment
Salaried People (Central and State Govt.)
Company

Every Company transacts business and every person who is engaged actively or otherwise in any Profession, Trade, Calling and Employment with the Chennai Corporation city limits has to pay half-yearly Profession Tax, as per section 138C of Tamilnadu Municipal Laws Second Amendment Act 59 of 1998. The tax rates are given below in the table in Form-2. for assessment of Profession Tax has to make an application for registration. The Corporation of Chennai will assign a permanent number in the style of PTNAN.

Based on the gross income declared by the Half Yearly Profession Tax will be calculated as per the Table given below:

Sl.No.	Average half yearly Income From To	Half yearly Profession Tax
1	Upto Rs.21,000/- -	NIL
2	Rs.21,001,/- to Rs.30,000/- -	Rs.100/-
3	Rs. 30,001/- to Rs.45,000/- -	Rs.235/-
4.	Rs.45,001/- to Rs.60,000/- -	Rs.510/-
5	Rs.60,001/- to Rs.75,000/- -	Rs.760/-
6	Rs. 75,001/- and above -	Rs.1095/-

Company Tax

The assessment and collection of Company Tax are coming under the Provisions of tax section 110 and Schedule IV of the C.C.M.C. Act 1919.

If the Council by a resolution determine that a tax on companies shall be levied, every company which, after the date specified in the notice published under sub-section(2) of section 98-A transacts business within the city any half year not less then sixty days with aggregate shall pay, in addition to any licence fee that may be leviable under this Act, a half yearly tax assessed in accordance with the rules Schedule-IV, but in no case exceeding rupees one Thousand.

Assessment of Companies (See section 110)
Companies shall be assessed by the Commissioner on the following scale:

	Paid-up capital Lakhs of rupees	Half-yearly Tax (Rs.)
A.	Less than one	100
B.	One and more than one, but less than two	200
C.	Two and more than two, but less than three	300
D.	Three and more than three, but less than five	400
E.	Five and more than five, but less than ten	500
F.	Ten and above	1000

Provided that any company, the head or a principal office of which is not in the city and which shows that its gross income received in or from the city in the year immediately preceding the year of taxation:

(a)	has not exceeded Rs.5,000	shall pay only 25 rupees per half-year.
(b)	has exceeded Rs.5,000 but has not exceeded Rs.10,000	shall pay only 50 rupees per half-year:
(c)	has exceeded Rs.10,000 but and has not exceeded Rs.20,000	shall pay only 100 rupees per half-year.
(d)	has exceeded Rs.20,000	shall pay per half year 100 rupees together with a sum calculated at the rate of 25 rupees per half year for every 5000 rupees of part thereof of gross income in excess of Rs.20,000 subject to a maximum half-yearly tax of 1,000 rupees.

Provided further that when a company, the head or a principal office of which is not in the city becomes liable to tax for the first time, it shall pay in the first year at tax of 25 rupees; but if the gross income of the company during such year is subsequently found to have exceeded 5,000 rupees, it shall pay the tax calculated in accordance with the above mentioned scale less the initial payment of 25 rupees.

Trade Licence:

All the licenceable trades have been booked and collected Licence fees with Conservancy charges. After observing all formalities licence fees were collected and licence issued to the licencees. Accordingly 25484 licencees have paid Rs.318.24 lakhs towards licence fees for the year 2004-2005 and got the licences.

Payment of Tax

Property tax shall be paid within 15 days form the Commencement of the Half Year.
Payment can be made in all Zonal Offices and at Ripon Building by Cheque or D.D. in favour of Revenue Officer, Corporation of Chennai.
Payments can also be made in designated Branches of IOB/MCC Bank in each ward.
Payment can be made Online by visiting the web site of Chennai Corporation (https://www.chennaicorporation.gov.in) and also through S.B.I., Indian Bank, ICICI Bank, IDBI, Dhanalakshmi Bank, UTI, HDFC Banks. Payments also can be made through credit cards.
Payments can also be made by subscribing to the services of Bill Junction and Bill Desk.
Payments can be made by subscribing to the Electronic Clearance Scheme by submitting mandate Form.

Dear Friends,
Pls tell me what is the slab rate for professional tax in tamilnadu (latest).

Thanx
Sathis

1 Like

hasain (accountant) (21 Points)
Replied 11 December 2010

Dear Friends,

Iam maintaining paroll of chennai based private ltd company. In that oraganisation one employee working for 3 months. PT deducted as per slab is 183 for each month. after that he left the organisation with out any intiamtion. now his gross salary has crossed 200000 which has paid to him. The question is-

1. Weather PT should Pay for 6 months as per PT salb if it cross 75000 for three month,

2. PT deducted only for three months amounting Rs.549. shoul I pay remaining amount as per slab.

What should I do in this matter?

Regards