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.