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Professional Tax is a state-level tax that applies to salaried employees and professionals, including chartered accountants, lawyers and doctors. Business owners, working individuals, merchants and people carrying out various occupations comes under the purview of this tax.
State in which Professional Tax is applicable:
Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh.
Professional Tax Deduction Slab:
The maximum amount payable per annum towards professional tax is Rs. 2,500. It is deducted from his/her monthly salary by Employer or from Monthly Income in all other cases. Professional Tax deduction monthly slab varies depending on salary /income range and applicable state.
Professional Tax Payment date :
As Professional tax as deducted has to be deposited within the due date. Due date of deposit varies state to state.
Professional Tax Return filing:
Returns to be filed monthly/half yearly or annually depending on state of applicability within the due date.
In Which States Apply?
Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh.
To Whom is it Applicable?
> Every self employed professional > Any entity employing one or more employees
Type of Person
> Every employer. > Persons acting as Directors of the Companies, the Partner of a firm or designated partner and partners of Limited Liability Partnership (LLP). > HUF, Firm, Limited Liability Partnership (LLP), Company, Corporations, other Corporate bodies, any societies, Club or Association. > Professionals includes but not limited ( state to state varies) to Legal Practitioners including Solicitors and Notaries, Medical Representatives including Medical Consultants and Dentists, Doctors, Chartered Accountant, Company Secretaries, Management Consultants, Architectures, Engineers, RCC Consultants, Tax Consultants, Insurance Agents.
Issuing Authority?
State Government
Is there any Return to be filed ?
Yes. Returns to be filed monthly/half yearly or annually depending on state of applicability within the due date. For example, in Maharashtra, returns can be filed annually if the liability is under Rs. 5000, quarterly if the liability is under Rs. 20,000 and monthly if it is above Rs. 20,000. However, in West Bengal, returns need only be filed once every year.
Is there any Penalty Applies for Non Registration or Non Deposit of Tax?
Yes.
After Company incorporation, you will receive below documents
Consultation
First, Get Consultation from our Consultant to know the Documents Requirements, and process of registration.
Preparing Application
Once your documents reached to us, We prepare your application as per departments' rules and Instruction
Application Submission
Once your application is completed in all respect, we proceed to file your application with the concern authority.
Update Status
We Track the application status and update Client time to time.
Registration Letter
Once the Application Granted by Authority and registration Letter issued, We immediately send the copy to client on email and original by post.
Profession Tax in Maharashtra
In Maharashtra, profession tax is governed by the Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975. All employees and professionals with a monthly salary of over Rs. 7500 must pay profession tax. Those with a salary of Rs. 7500 to Rs. 10,000 must pay Rs. 175 per month, while those with a higher salary must pay Rs. 200 a month (Rs. 300 in February). Payment of the profession tax that is collected can now be made online.
Profession Tax in Tamil Nadu
Profession tax is governed by the Town Panchayats, Municipalities and Municipal Corporation Rules, 1988. The slab rates are as follows: All employees and professionals with a monthly salary of over Rs. 3500 must pay profession tax, starting at just Rs. 16 per month and going up to Rs. 182 per month for those earning over Rs. 12,501.
Profession Tax in Karnataka
Profession tax is governed by the Karnataka Tax on Professions, Trade, Callings and Employment Act, 1976. The slab rates are much simpler here, as there is only one rate. If you earn over Rs. 15,000 a month, you must pay Rs. 200 a month as profession tax. If you do not earn Rs. 15,000 a month, you don't pay it at all.
Profession Tax in West Bengal
Profession tax is governed by the West Bengal Tax on Professions, Trade, Callings and Employment Act, 1979. Slab rates in West Bengal start at Rs. 90 a month, for those earning a salary of over Rs. 8500 per month. The highest rate, of Rs. 200, only kicks in for those earning over Rs. 40,000 per month.
Profession Tax in Andhra Pradesh
Profession tax is governed by the Andhra Pradesh Tax on Professions, Trade, Callings and Employment Act, 1987. Only those earning Rs. 15,000 and over per month need pay profession tax, which starts at Rs. 150, and is raised to Rs. 200 per month for those earning over Rs. 20,000 per month.
Profession Tax in Gujarat
Profession tax is governed by the Gujarat Panchayats, Municipalities, Municipal Corporations and State Tax on Professions, Traders, Callings & Employment Act, 1976. The tax starts at Rs. 80 per month for those earning over Rs. 6,000 per month, going up to Rs. 150 per month for those earning over Rs. 9000 and Rs. 200 per month for those earning over Rs. 12,000.
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