hi
can any one plz highlight ALL about PROFESSIONAL TAX
8 Replies
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 28 April 2010
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
Rahul Bansal
(Finalist)
(35929 Points)
Replied 29 April 2010
Professional Tax Deduction U/s 16(ii)
Deduction = Any amount paid by
* employee
* EMPLOYER on behalf of employee
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 29 April 2010
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.”
Dattatray
(Account Executive)
(51 Points)
Replied 29 April 2010
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/-
Radhika
(Senior Financial Accountant)
(35 Points)
Replied 29 April 2010
can anyone help me to get Professional Tax slab for all the states ?
(Guest)
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)
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 29 April 2010
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
|
tushar shrirang shinde
(ENGG.)
(71 Points)
Replied 29 April 2010
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/-
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