professional tax

Tax queries 850 views 6 replies

What is Professional Tax? & Professiona Tax applicable on which person / firm / company ????

Replies (6)

professional tax is tax on profession which is paid by employees of the company 

it is deductible from salaried income by virtue of section 16(ii)

 

Profession Tax is a State level Tax in India on Professions, Trades, Callings and Employments.

 The following Indian states levy Profession Tax - West Bengal, Karnataka, Maharashtra, Andhra Pradesh, Gujarat, Tamilnadu and Madhya Pradesh.

In Maharashtra (Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975),

Tax Applicable to

Company, Firm, Proprietary Concern, Hindu Undivided Family (HUF), Society, Club, Association Of Persons, Corporation or any other corporate body in Maharashtra per the provisions of the Maharashtra Professional Tax Act of 1975.

Profession Tax On Employees

An employer organization is required to get registered under the Profession Tax Act and obtain a Registration Certificate under which the payment in respect of taxes deducted from employees salaries can be made.

Dear Shyam

Go to the link

https://www.citehr.com/download-list.php?query=Professional+Tax

Professional tax is a tax on Profession i.e as for e.g a Practising C.A,C.S,etc. should pay tax on carrying professional activities

hope u got that

Professional tax rates applicable as decided by the local bodies..... Its deducted from the employee salary and shown as deduction........


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