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      • Professional tax is a tax on all kinds of professions, trades, and employment and is levied based on the income of such profession, trade and employment. It is levied on employees, a person carrying on the business, including freelancers, professionals, etc., subject to income exceeding the monetary threshold if any.
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  2. What is Professional tax? 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.

  3. May 6, 2021 · An employer is required to pay two types of professional tax, one is professional tax for his/her/its business known as PTEC and another is professional tax deducted form the salaries of employees known as PTRC. These taxes are payable monthly, annually, semi-annually based on the law of the state. RETURNS.

  4. Oct 3, 2023 · Professional tax is a direct tax paid by individuals or entities based on their profession, trade, or employment, and any other party does not deduct it. Applicability: It is specific to professions, trades, and employment activities, with rates and rules varying by state.

  5. Everything to know about professional tax slab rate in India. Learn about what is professional tax, tax limit and online payment for professional tax

  6. Sep 13, 2021 · Professional tax is a direct tax that applies to individuals earning an income by way of employment, practising their profession, or trading. A practicing professional includes a lawyer, teacher, doctor, chartered accountant, etc.

  7. May 25, 2021 · 25 May 2021. What is a professional tax? Drawing a regular income in the form of a salary or professional fees for your services requires you to pay a professional tax. Every professional has to pay this tax to their respective state governments based on their earnings.

  8. Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, lawyer, doctor etc. are required to pay this professional tax.

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