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1. • • 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.
     en.wikipedia.org/wiki/Professional_Tax

     Professional Tax - Wikipedia

2. People also ask

   What is professional tax?

   • 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.

   What Is Professional Tax, Rates, Due Date, Compliance - ClearTax

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   How is professional tax paid?

   • The tax is paid by individuals through advance tax payments or through tax deducted at source (TDS) by employers, banks, or other entities Professional Tax: It is levied and regulated by state governments. The rules, rates, and procedures may vary from state to state. Each state has its own laws and authorities.

   A Complete Guide to Understanding Professional Tax in India - Corpbiz

   corpbiz.io/learning/guide-to-professional-tax-in-india/

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   What is the difference between professional tax and income tax?

   • Professional Tax: The authority to levy and regulate tax rests with the state governments. Each state has its own tax rules, rates, and procedures. Income Tax: The authority to levy and regulate income tax lies with the central government. It is governed by the Income Tax Act, 1961, and administered by the Central Board of Direct Taxes (CBDT).

   A Complete Guide to Understanding Professional Tax in India - Corpbiz

   corpbiz.io/learning/guide-to-professional-tax-in-india/

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   How is professional tax levied by the state government?

   • Professional tax being levied by the state government is different in different states. Every state has its own laws and regulations to govern the professional tax of that particular state. However, all states follow a slab system based on income to levy professional tax.

   What Is Professional Tax, Rates, Due Date, Compliance - ClearTax

   cleartax.in/s/professional-tax

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3. cleartax.in › s › professional-taxProfessional Tax - What Is Professional Tax, Rates, Due Date ...

   cleartax.in › s › professional-tax

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   For example, parents or guardians of any person who is suffering from mental retardation or blind persons are exempted, among others, from the levy of Karnataka Professional tax. How to Pay Professional Tax? Is Any Return to be Filed? Professional tax is a direct tax levied by the state government.

4. cleartax.in › s › 6-forms-of-taxable-income-for-doctorsAre You a Doctor? Here’s Everything You Should Know About ...

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   Under Presumptive Basis: Opt for presumptive taxation (under presumptive basis your taxable income from profession will be deemed to be 50% of your total receipts from profession) and once your income is calculated from other sources, you can claim to reduce your taxable income by claiming deductions under section 80 and pay tax on the ...

5. www.paisabazaar.com › tax › professional-taxProfessional Tax : Slab, Rates & Applicability in India

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   • Andhra Pradesh.
   • Karnataka.
   • Maharashtra.
   • Tamil Nadu.

6. Videos

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     1:37

     irs.gov

     Choosing a tax professional | Internal Revenue Service

     17 May 2016

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     12:42

     youtube.com

     What is Profession Tax ? All about PTRC and PTEC

     21 Sep 2020

     117.4K views

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     6:08

     youtube.com

     What is Professional Tax | how to Pay professional Tax Online | Bihar Professional Tax Explained

     19 Mar 2023

     9.1K views

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7. taxguru.in › goods-and-service-tax › professionalAll about Professional Tax - Tax Guru

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   May 6, 2021 · Unlike the name, Professional Tax is not a tax which is applicable on professionals only, it is tax which is applicable on all kinds of professions, trades, and employment and based on the income. Applicability: It is applicable on: 1. Business including freelancers. 2. Professionals including CA, CS, Doctors. 3. Employees.

8. corpbiz.io › learning › guide-to-professional-tax-inA Complete Guide to Understanding Professional Tax in India

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   Aug 1, 2023 · Page Contents. The Purpose and Significance of Professional Tax. Who is Liable to Pay Professional Tax? Calculation and Payment of Professional Tax. Exemptions and Deductions in Professional Tax. Professional Tax Registration Process. Professional Tax in Different States of India. Professional Tax vs. Income Tax: Key Differences. Conclusion.

9. www.bhartiaxa.com › be-smart › tax-savingsProfessional Tax in India - Understanding the Basics, Rates ...

   www.bhartiaxa.com › be-smart › tax-savings

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   Professional Tax, often abbreviated as PT, is a state-level tax levied on individuals and entities who earn an income by practicing a profession, trade, or employment. It is governed by the respective State Governments and Union Territories in India.

10. groww.in › p › taxWhat is Professional Tax? Tax slab rates and How to pay P tax?

    groww.in › p › tax

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    Every salaried individual, working and earning a monthly income, is liable to pay a certain part of his/her earnings to the respective state governments in the form of professional tax. This tax, often referred to as P tax, is reflected in an individual’s salary slip as well.