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Professional tax is a tax on all kinds of professions, trades, and employment and levied based on the income of such profession, trade and employment. It is levied on employees, a person carrying on business including freelancers, professionals, etc.
Professional Tax. Tax on Profession, trade, calling and employment. 1) "Employee" means a person employed on salary and includes, 1) a Government servant receiving pay from the revenue of the Central Government or any State Government;
Jun 26, 2024 · Professional Tax is a tax on all kinds of professionals, whether self-employed, salaried, or into trading; this tax is levied on employees carrying on the business, including professionals, freelancers, etc, subject to income exceeding the monetary threshold if any.
Oct 1, 2024 · Professional tax in India. Know state-wise Professional Tax slab FY 24 - 25, how to calculate Professional Tax, Professional Tax exemption clauses, State where Professional Tax is not applicable.
Oct 3, 2023 · Professional tax, a direct deduction from your gross salary facilitated by your employer, is a state government-imposed levy, making its rates subject to variation based on your place of residence within the country.
Professional tax is a state-level tax levied by the Tamil Nadu government and must be paid by the individuals earning an income mandatorily. Individuals who get a salary or generate money under the professional tax structure are subject to this tax.
Everything to know about professional tax slab rate in India. Learn about what is professional tax, tax limit and online payment for professional tax
Feb 15, 2023 · Profession Tax is a direct tax which is levied on persons earning an income by way of either practising a profession, employment, calling or trade. Unlike income tax which is levied by the Central Government, profession tax is levied by the government of a state or union territory in India.
Aug 1, 2023 · Professional tax is a state-level tax imposed on individuals engaged in various professions, trades, and employments. It is a source of revenue for state governments and is governed by the respective State Tax Acts. Professional tax is deducted by employers from the salary of employees and is subsequently remitted to the state government.
May 16, 2024 · Professional tax is a tax imposed on various professions, trades, and employment based on their income levels. It applies to employees, freelancers, professionals, and business owners whose income exceeds a specific threshold set by each state.
