Profession tax kerala

The Kerala Panchayat Raj (Profession Tax) Rules, 1996 Applicability A person or employer by whom tax is payable under this Act Exemption Not Applicable Registration Form Registration Process Offline List Of Documents For Registration Memorandum Of Association Articles Of Association PAN Card Lease Agreement Employer Address Proof and ID Proof and photos Employee list with salary details List of Board of Directors Website Professional Rates Salary (INR) PT Amount Remarks Upto 11999 ₹ 0.00 Nil Between 12000 To 17999 ₹ 120.00 Between 18000 To 29999 ₹ 180.00 Between 30000 To 44999 ₹ 300.00 Between 45000 To 59999 ₹ 450.00 Between 60000 To 74999 ₹ 600.00 Between 75000 To 99999 ₹ 750.00 Between 100000 To 124999 ₹ 1000.00 Above 125000 ₹ 1250.00

This article discusses about the states which regulate the professional tax. For this we need to know what is the meaning of the term professional tax. This article discusses in detail the various states which have the professional tax imposed on its citizens and the various states which do not have the professional tax applicable to them. Professional Tax What is a professional tax? Who all have to pay it and what is the criterion of payment? All this is discussed in this article and make sure you read it to gather whole lot of information at the same place. Professional Tax or the profession tax is the tax which is imposed by the State government in India. Anyone who is doing a profession has to pay a tax for the same for example if you are a chartered accountant, company secretary, lawyer, doctor etc. you are required to pay a tax for it. Different countries or states have different method of profession tax collection but in India we do it through the state government at a state level. However, not all states impose these taxes and some are exempted to it. This means that this is on the discretion of the state that the taxes can be imposed and it is not mandatory to be imposed. However it may be noted that the Central government does not mandate this tax to be imposed and the states which decide to impose this tax, can on their own discretion do it. The point of discussion that should arise here is that why not all the states be exempted from this tax when it is not man...

Updated: 30-12-2022 10:42:59 AM As per the Kerala Municipal Act, 1994, it is mandatory to pay profession tax for all employees or who are drawing a half-yearly salary of more than Rs.12,000. The The profession tax rates are set by the Government of Kerala as per the income slabs of the individual. As per the Section 16 of the Similarly, profession tax is applicable for self-employed individuals having a half-yearly income of more than Rs.12,000. Though the slab rates are same as described below, the income tax deduction is not available for self-employed people. The profession tax slab rates are as follows : Income Slab (half-yearly) Profession Tax (payable half-yearly) Upto Rs.11,999 Nil From Rs.12,000 to Rs.17,999 Rs.120 From Rs.18,000 to Rs. 29,999 Rs.180 From Rs.30,000 to Rs. 44,999 Rs.300 From Rs.45,000 to Rs. 59,999 Rs.450 From Rs.60,000 to Rs. 74,999 Rs.600 From Rs.75,000 to Rs. 99,999 Rs.750 From Rs.1,00,000 to Rs. 1,24,999 Rs.1000 From Rs.1,25,000 and above Rs.1250 Due Date and Penalties • The profession tax for the first half (April-September) of the year should be paid on or before August,31. Similarly, for the second half (October-March), the profession tax should be paid before the end of February. It is in general practice that the concerned municipal authority issues a notice to pay the profession tax within the stipulated time frame. • In case, the profession tax payment gets delayed, you will be liable to pay a penalty @1% per month. Also, a fine of Rs.500...