professional tax

Tax queries 1169 views 8 replies

hi

can any one plz highlight ALL about PROFESSIONAL TAX

Replies (8)

professional tax is a tax which is leived on profession of the assesee and payable annually by him to the central govt.it is a tax for holding the right under which the profession carries on.

as per my knowledge at present professional tax does not exeed the amount of rs.2500.in other words maximum amount of professional tax does not exceed rs.2500

Professional Tax                                                                    Deduction U/s 16(ii)

Deduction                     =                      Any amount paid by      

*      employee

*      EMPLOYER on behalf of employee

Article 276(2) of the Constitution reads as under :

      “276. (2) The total amount payable in respect of any one person to the State or to any one municipality, district board, local board or other local authority in the State by way of taxes on professions, trades, callings and employments shall not exceed two thousand and five hundred rupees per annum.”

 amount of deduction-a deduction of any sum paid by the assessee on account of a tax on employment/profession within the meaning of clause (2) of article 27667 of the Constitution, leviable by or under any law.]

Now Profession Tax Slabs are as Follows...

Gross Salary is less than 5000 then no PT

Gross Salary is more than 5000 but less than 10000 then PT is Rs.175 per month

Gross Salary is more than 10000 then PT is 200 Per month and in February Rs.300/-  

can anyone help me to get Professional Tax slab for all the states ?

Ex.

 

Levy of Profession tax  by municipal council - Applicable to Tamil Nadu

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)

Profession tax rates in Maharashtra w. e. f. 01.07.2009 on salary.

Salary and wage earners. Such persons whose monthly salaries or wages,
 
(a) exceed rupees 5,000 but do not exceed rupees 10,000
175 per month
(b)  exceed rupees 10,000
2500 per annum, to be paid in the following manner: -
 
a) rupees two hundred per month except for the month of February;
 
b) rupees three hundred for the month of
February

 

Professional tax is a tax which is leived on profession of the assesee and payable annually by him to the central govt.it is a tax for holding the right under which the profession carries on.

Profession Tax Slabs For Maharshtra  are as Follows...

Gross Salary is less than 5000 then no PT

Gross Salary is more than 5000 but less than 10000 then PT is Rs.175 per month

Gross Salary is more than 10000 then PT is 200 Per month and in February Rs.300/-  


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register