Prof tax

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Ishita

Ishita (Querist)
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17 March 2012 If annual salary is to be paid to directors-one time payment, how much professional tax to be deducted?

Ajay Mishra

Ajay Mishra (Expert)
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17 March 2012 Hi

Professional Tax will differ state to state.

In New Delhi the professional tax rate will be

Income Tax to be imposed
Upto ` 1,10,000 Nil
From ` 1,10,000 To ` 1,45,000 Nil
From ` 1,45,000 To ` 1,50,000 10 %
From ` 1,50,000 To ` 1,95,000 20 %
From ` 1,95,000 To ` 2,50,000 20 %
More than ` 2,50,000 30 %

Regards