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PROFESSIONAL TAX RATES

PROFESSIONAL TAX RATES

FOR FINANCIAL YEAR 2014.15

PROFESSIONAL TAX RATES

Professional tax is a tax levied by the various State Governments of India on salaried individuals, working in government or non-government entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business.

This form of tax is in practice for a long time and States were conferred the power of leveling the Tax under Clause (2) of Article 276. The rate at which Professional tax is charged is based on the Income Slabs set by the respective State Governments. However the maximum Professional Tax that can be levied by any State till date is Rs 2500/-. The total amount of professional tax paid during the year is allowed as Deduction under the Income Tax Act.

The professional tax is a source of revenue for the State Governments which helps in implementing different schemes for the welfare and development of the region.

Professional Tax is deducted by the employers from the salary of the salaried employees and same is deposited with the State Government. For other individuals, they have to directly pay it to the Government or through the Local Bodies appointed to do so.

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Professional Tax Rates Slabs For Financial Year 2014-15 is here with much more details.

You will find Professional Tax Slabs applicable in some of the States. It is quite similar to the one in 2013-14 with some minor changes applicable to Maharashtra and West Bengal:-

Andhra Pradesh

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 15,000/-Nil
Rs 15,001-Rs 20,000/-Rs 150
Above Rs 20,001/- Rs 200

 

Gujarat

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 5,999/-       Nil
Rs 6,000-Rs 8,999/-    Rs 80
Rs 9,000-Rs 11,999/-    Rs 150
Above Rs 12,000/-      Rs 200

 

PROFESSIONAL TAX RATES

Karnataka

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 10,000/-Nil
Rs 10,001-Rs 14,999/-Rs 150
Above Rs 15,000/- Rs 200

 

Madhya Pradesh

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 12,500/-Nil
Rs 12,501-Rs 14,999/-Rs 125
Above Rs 15,000/-   Rs 208*

 

Maharashtra

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 7,500/-Nil
Rs 7,501-Rs 10,000/-Rs 175
Above Rs 10,001/-Rs 200**

 

Tamil Nadu

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 3,500/- Nil
Rs 3,501-Rs 5,000/- Rs 20
Rs 5,001-Rs 9,000/-                 Rs 40 (approx)***
Rs 9,001-Rs 10,000/-Rs 85
Rs 10,001-Rs 12,500/-                     Rs 127 (approx)****
Above Rs 12,501/-      Rs 182.50

PROFESSIONAL TAX RATES

Professional Tax

West Bengal

Monthly SalaryProfessional Tax Levied (P.M)
Up to Rs 8,500/-

 Nil

Rs 8,501-Rs 10,000/-                             Rs 90
Rs 10,001-Rs 15,000/-                             Rs 110
Rs 15,001-Rs 25,000/-                             Rs 130
Rs 25,001-Rs 40,000/-                             Rs 150
Above Rs 40,001/-                             Rs 200

 

Note :

*Madhya Pradesh Government levies tax @ Rs 208 for 11 months and Rs 212 for 1 month.
**Maharastra Government levies tax @ Rs 200 for 11 months and Rs 300 for 1 month.
***Tamil Nadu levies tax bi-yearly which amounts to Rs 235 and
**** which amounts to Rs 760 respectively.

PROFESSIONAL TAX RATES

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