Hi friends,
Kindlly explain in detail about the professinal tax?
What is the % of professional tax applicable to employees, directors & company for the FY 2012-13? and if there is any file or chart related to it ,then pls provide it.
Thank you.
1 Replies
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 11 October 2012
Professional Tax is tax imposed on the salaried people working govt.or nongovt offices. professionalTax deducted from the salary is payable to the State Govt where the employees office / company situated. But not all the state govt imposed professional Tax. in some states there is no p/tax. There are various slabs of p/tax according to the pay range.
the tax rates differ from state to state ..for example the prof,,tax slab in AP is as folows:
) Salary/wage upto Rs.1499 No Tax
2) salary from 1500 to 1999 Rs.16/
3) " 2000 to 2999 Rs.25/
4) " 3000 to 3999 Rs.35
5) " 4000 to 4999 Rs.45
6) " 5000 to 5999 Rs.60
7) " 6000 to 9999 Rs.80
" 10000 to 14999 Rs.100
9) " 15000 to 19999 Rs.150
10) " 20000 & above Rs.200
2) salary from 1500 to 1999 Rs.16/
3) " 2000 to 2999 Rs.25/
4) " 3000 to 3999 Rs.35
5) " 4000 to 4999 Rs.45
6) " 5000 to 5999 Rs.60
7) " 6000 to 9999 Rs.80
" 10000 to 14999 Rs.1009) " 15000 to 19999 Rs.150
10) " 20000 & above Rs.200
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