Profession tax applicable to Tamil Nadu
Levy of Profession tax by municipal council
Every company which transacts business and every person, who is engaged actively or otherwise in any profession, trade, calling or employment with in the Town Panchayat on the first day of the half-year for which return is filed, shall pay half-yearly tax at the rates specified in the Table below in such manner as may be prescribed:
THE TABLE
|
Sl. No.
|
Six months income (Rs.)
|
New Tax (Rs)
|
|
1
|
21,001 – 30,000
|
75
|
|
2
|
30,001 – 45,000
|
188
|
|
3
|
45,001 – 60,000
|
390
|
|
4
|
60,001 – 75,000
|
585
|
|
5
|
75,001 and above
|
810
|
Profession Tax Collectable from the salary of August (Ist Quarter ) and January (IInd Quarter)