Income tax slab rates for last 25 years in india 199293 to. While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. Schedule to the west bengal state tax on professions. It offers special privileges for women professional tax payers. The rate at which professional tax is charged is based on the income slabs set by the respective state governments. Professional tax slab rates in india for financial year 201617. In this post, we will see how the rates are applicable for different professions and at what rates. Professional tax rates in maharashtra mumbai professional. Income tax slabs for fy 2014 2015 here are the slabs for the income tax for the income incurring in financial year 2014 2015.
Professional tax calculator, professional tax rates for ap, assam, bihar, chhattisgarh, gujarat, mp, karnataka, kerala, orisa, tamil nadu, tripura, wb. However, the maximum professional tax that may be levied by any state has been capped at rs 2500. Professional tax interest on non payment on of professional tax, article 276. Professional tax is the tax charged by the state governments in india. The maximum amount payable per year is inr 2,500 and in line with tax payers salary, there are predetermined slabs. Deduction of halfyearly profession tax in chennai part i. Gujarat ptax slab revision fy 201415 ay 2015 16 sap. Gujrat professional tax rates, slabs, returns, act, rules.
Dec 14, 2010 hi everyone as per my knowledge there is no professional tax in rajasthan can any one provide me the circular notification confirming above fact thanks. Gujarat professional tax slab rate gujarat professional tax slab rate. Gujarat professional tax slab rate fy 2015 16 there is maximum ceiling of professional tax being charged by any state government i. Dear group members, heared about the changes in karnataka professional tax slab 2015 16. This form of tax was first levied in india in the year 1949 and the power to levy professional tax has been given to the states by way of clause 2 of article 276 of the constitution of india. Bihar professional tax slab rates for financial year 201617. Though the same slab rate is applicable for the selfemployed individuals, they need to selfdeposit the profession tax. Since professional tax is levied by the state government, it tends to differ for various states. Professional tax slab rate in madhya pradesh 201617. Gujarat professional tax slab rate how to register.
What is the criteria for professional tax in gujarat. New rates of professional tax pt deduction will be applicable w. Any amount paid as professional tax to the state govt. Professional tax in gujarat is governed by the gujarat panchayats, municipalities, municipal corporations and state tax on professions, traders, callings and employment act 1976. Profession tax, directorate of commercial taxes,government of west bengal. Professional tax slab of gujaratrevised pdf download. Professional tax slab in madhya pradesh for fy 201819. T h e p r e s e n t s c h e d u le a pp e n d ed to said a ct s h a ll b e s u b sti t u ted b y t h e f o ll o w i n g. Schedule of rates of tax on professions, trades, callings and. Here are the latest telangana professional tax slab rates as per the telangana tax on profession, trades, callings and employment act 1987 for the year 2019 and also find due date for payment of professional tax in telangana. Benefits available to salaried employees in ay 201516.
Professional tax slabs for central government employees. What is professional tax and professional tax slab rate in. Aug 23, 2017 annual professional tax in gujarat for the year 201718 please login cite. Professional tax in gujarat, professional tax in haryana, professional tax in himachal pradesh, professional tax in jammu and kashmir. Profession tax pt is levied by local authorities such as city corporations and municipalities on employees and employers. Professional tax is levied through predetermined tax slabs and is paid on a monthly basis. Laearn about professional tax see all the details like share subscribe email. Gujarat professional tax slab rate fy 201516 there is maximum ceiling of professional tax being charged by any state government i. Professional tax or pt is the tax which is applied on all types of professions such as salaried individuals of both government and. This tax is levied based on slab rates depending on the income of individual. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule. Mar 07, 2016 gujarat professional tax slab rate fy 201516 as per the income tax rule by clause 2 of article 276 of the constitution of india professional tax is a specific type of tax which is levied by the state in india on the income earned through profession or employment. All about gujarat professional tax slab rate in india. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india.
Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref. Professional tax is deducted by the employer and the amount varies based on the employees income. Annual professional tax in gujarat for the year 201718. Apr 17, 2019 the professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Professional tax for the financial year 201516 wealthtechspeaks. Professional tax is charged on salaried individuals and is paid to the gujarat state government. Now, it involves a new provision of tax on employment and calling as well as professions and trades. Annual professional tax in gujarat for the year 201718 citehr. Professional tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state. Profession al tax slabs all states, profession al tax slabs andhra pradesh, profession al tax slabs assam, profession al tax slabs gujarat, profession al tax slabs karnataka. In this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. What i assume according to the tax slab, the professional tax cut from the salary of rs 6774 should be rs.
Tax slabs important changes for individual salaried people. Goods and service tax allocation of gst taxpayers to state authorities as on 08. Following states impose this levy in india karnataka, west bengal, andhra pradesh, telangana, maharashtra, tamil nadu, gujarat, assam. Each state declares a slab and the professional tax is deducted on the basis of these slabs. Professional tax for the financial year 201516 monday, march 30th, 2015 amritesh 179 responses 53 views professional tax is a tax levied by the various state governments of india on salaried. He is required to deduct the amount of tax from the salaries of all employees except those who are. Can anyone share the detailsnotification regarding the same. Gujarat professional tax slab rate professional tax is charged on salaried individuals and is paid to the gujarat state government. Profession tax slabs in karnataka and the tax itself is levied with respect to the rules and regulations put forth through the karnataka tax on profession. Telangana, maharashtra, tamil nadu, gujarat, assam, kerala, meghalaya, odisha. However, there are few states and union territories in india that do not charge professional tax. The following are the professional tax slabs for all the different states in india.
Pt is calculated on the basis of the earned gross salary of employees. The total amount of professional tax paid during the year is allowed as deduction under the income tax act. What is professional tax and professional tax slab rate in india. West bengal, andhra pradesh,telangana,maharashtra, tamil nadu, gujarat, assam. The set of professional tax slabs in india are different for all the 12 states in india and some of the states have formulated different professional tax slabs for men, women, and the senior citizens of the respective states. Amdavad municipal corporation amc is appointed as the authority designated by the state government of gujarat to collect profession tax from tax payers from the whole city area within amc limit. Hello, as per the present structure for the salaried people, there is no professional tax below rs 3,000 per month. Professional tax assam is payable at the rate of rs. The following are the professional tax rates in key states in india. The slab of the profession tax has been revised for tamil nadu in the year 2018. Accurate professional tax slabs, benefits for gujarat. Professional tax slab rates in india for financial year. Jul 30, 2019 pt is a tax which is levied by the state on the income earned by the way of profession, trade, calling or employment.
The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. If less than 20 or less 20 employees, than due date for payment of professional tax. April 24, 2019 professional tax rates in maharashtra. Deduction of halfyearly profession tax in chennai part i posted by gautham on february 4, 20. Gujarat professional tax slab rate fy 201516 as per the income tax rule by clause 2 of article 276 of the constitution of india professional tax is a specific type of tax which is levied by the state in india on the income earned through profession or employment. Professional tax slab rates state wise in india 201920 july 18, 2019 may 7, 2019 by rajesh m here you can find state wise professional tax slab rates of each state in india for 201920. The professional tax rates is based on the income slabs set by the respective state governments. Profession tax gujarat form 5 in excel format return of tax payable by employer under subsection 1 of section 6 of the gujarat state, tax on professions, trades, callings and employments act, 1976. However, not all the states impose this tax, the following states impose this levy in india karnataka, west bengal, andhra pradesh, maharashtra, tamilnadu, gujarat, and madhya pradesh. Professional tax slab in madhya pradesh have been revised in state finance budget 2018. Professional tax slab rates state wise in india 201920. Professional tax act department of goods and services tax.
Professional tax in india updated on april 14, 2020, 15715 views. However, employees with a monthly gross salary above rs. Here we see the various professions which fall under pt and the rates at which they are. As per the karnataka professional tax slab rates, all individuals with a monthly gross income less than rs. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, lawyer, doctor etc. For more information on professional tax slab, please refer to our other blog on the topic. However, he can apply for annual return in form no. The forms for professional tax registration and payment of this tax in gujarat can be. Professional tax in india statewise professional tax. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and.
The state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. Amdavad municipal corporation amc is appointed as the authority designated by the state government of gujarat to collect profession tax from tax payers from the whole city area within. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Please note these professional tax rates is only as per gujarat state we provide professional tax slab rates for all states in next article. Professional tax maharashtra professional tax slab in. Professional tax is a tax levied at the state level in india. New professional tax rates in gujarat for fy 201415 tax masala. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Professional tax slab rates in different states updated.
The employees can claim for the income tax deduction on the profession tax under section 16 iii of the income tax act, 1961. Gujarat professional tax slab rate fy 201516 as per the income tax rule by clause 2 of article 276 of the constitution of india professional tax is a specific type of tax which is levied by the state in india on the income earned through profession. In india, the professional tax is imposed at the state level. Additional information about profession tax in gujarat and the forms to be filled for registration of profession tax in the state. There are lot of changes in tax rates and cess in the last 25 years. Government to perform such functions of the profession tax appellate authority. May 25, 2019 professional tax forms for all states are available here. Profession al tax slabs, profession al tax slabs all states, profession al tax slabs andhra pradesh, profession al tax slabs assam, profession al tax slabs gujarat, profession al tax slabs karnataka, profession al tax slabs kerala, profession al tax slabs maharashtra, profession al tax.
However, in case of professionals, company, director, partners etc. Therefore, the government of punjab had stopped making assessment and recovery of professional tax once levied on the basis of payable income tax at the rate of 1% under the provision of section 6 of the punjab finance act, 1977 and had reverted back to the previous schedule forming the basis of assessment of professional tax in accordance with. The government of maharashtra of also revised its professional tax slab rates for the financial year 2015 16. Pt is a tax which is levied by the state on the income earned by the way of profession, trade, calling or employment. Professional tax is deducted by the employer and the amount varies based. It offers special privileges for women professional tax. Apr 21, 2014 gujarat ptax slab revision fy 201415 ay 2015 16 posted on apr 21, 2014 at 07. Professional tax for the financial year 201516 monday, march 30th, 2015 amritesh 179 responses 53 views professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or. Govt employees news know about professional tax in hindi, what is professional tax. Professional tax slab of gujaratrevised pdf download citehr. Different states have varying methods of calculating professional tax. Here a list of states with enactments passed for effective implementation of professional tax administration is provided for your ready reference.
Gujarat ptax slab revision fy 201415 ay 2015 16 posted on apr 21, 2014 at 07. Professional tax for the financial year 2015 16 monday, march 30th, 2015 amritesh 179 responses 53 views professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or. Further, they can not claim it for the tax deduction in their income tax returns. Normally, state government imposes professional tax slab rates basis for salaried individuals and collects it monthly. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. February 5, 2019 professional tax slab rates in india. The pt rates were changed for the state of west bengal for the financial year 201617. Gujarat professional tax slab rate how to register bankbazaar. As this tax is a state subject, the rate of profession tax varies from one state to another. Maharashtra professional tax slab rate, latest news. Maharashtra government has presented its additional budget on 05th june 2014 through its deputy chief minister and finance minister shri ajit pawar in his budget fm has increased minimum salary limit for profession tax from rs. Professional tax slabs for indian states sensys blog.
It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat. It is available from the offices of professional tax officers declared so by the designated authority, and also on the website. Professional tax is the tax by the state governments in india. The professional tax slab in west bengal for 201617. Some of the states which currently impose a professional tax in india are maharashtra, gujarat, andhra pradesh. Professional tax is a tax which is levied by the state on the income earned by way of profession, trade, calling or employment. Professional tax rates for the fy 201920 wealthtechspeaks. Javascript must be enabled in order for you to use the site in standard view. What is professional taxprofessional tax is levied by particular municipal corporations and majority of the indian states impose this duty. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into operation from 141975.
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