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Below given the Professional Tax Slab Details followed in Tamilnadu
S.No. Half yearly income half yrly PT
1 Upto Rs.21000/- ----
2 Rs.21001/- to Rs.30000/- Rs.75
3 Rs.30001/- to Rs.45000/- Rs.188
4 Rs.45001/- to Rs.60000/- Rs.390
5 Rs.60001/- to Rs.75000/- Rs.585
6 Rs.75001/- and above Rs.810
The professional tax is paid to the Tamilnadu Govt once in every 6 months
From India, Kochi
S.No. Half yearly income half yrly PT
1 Upto Rs.21000/- ----
2 Rs.21001/- to Rs.30000/- Rs.75
3 Rs.30001/- to Rs.45000/- Rs.188
4 Rs.45001/- to Rs.60000/- Rs.390
5 Rs.60001/- to Rs.75000/- Rs.585
6 Rs.75001/- and above Rs.810
The professional tax is paid to the Tamilnadu Govt once in every 6 months
From India, Kochi
Hi Can anyone tell me what are the components to be taken into account for calculating PT ? Regards Sowmya
From India, Madras
From India, Madras
Dear Ragahv/ CiteHR family,
Does the professional Tax vary with respect to class of city / corporation in Tamil Nadu. I am in Ooty, the Nilgirs and the tax amount seems to be lower. I am apprehensive regarding future penalty for not paying the correct amount.
Regards
Franklyne :!:
From India, Coimbatore
Does the professional Tax vary with respect to class of city / corporation in Tamil Nadu. I am in Ooty, the Nilgirs and the tax amount seems to be lower. I am apprehensive regarding future penalty for not paying the correct amount.
Regards
Franklyne :!:
From India, Coimbatore
Anyone tell me the professional tax followed in Mumbai awaiting ur reply Rgds Karan :wink:
From India, Pune
From India, Pune
It is very simple.
There is no component business in calculation of Professional Tax.
Whatever is the total net salary earned by anyone during the six months is added up and as per the salary range, Tax is recovered.
The Six monthly period is April to Sep and Oct to March.
Suppose some one's six monthly total net salary is Rs.30,000 then he/she has to pay Rs.75/-. as professional Tax.
In the same way if someone's six monthly total net salary is Rs.76,000/- then he/she has to pay Rs.810/-.
Even if it is 5,00,000 then also it Rs.810/- only.
First half should be paid on or before 15th Sep to the respective corporation area(ward) office where all other taxes like Property Tax.(House Tax) water Tax etc are paid by the public.
For the second half should be paid on or 15th March.
But normally one or two weeks grace period is given unofficially.
No issues. No fines or penalties.
No company/ No Employee is exempted from paying this Tax.
Ofcourse any employee whose total six monthly net salary is below Rs.21,000/- then he/she is exempted.
In addition company as a whole treated as one huge net salary earning employee and for that an additional Rs.810/- to be paid by the company as company's share.
Then there is a Company Tax. That also to be paid. There is a slab for this company Tax. The minimum is Rs.200 and the Maximum is Rs.1000/- for any big company. It is based on paidup capital of the company.
The rates are different from city to city corporation to corporation for both the professional Tax and for the company Tax. But procedure is same. No change at all. Kindly confirm the local rates from the office where other taxes like property tax, water tax etc. are paid. are paid by the public.
For further clarification do write to me.
Regards,
S.Kumarasubramanian
From India, Madras
There is no component business in calculation of Professional Tax.
Whatever is the total net salary earned by anyone during the six months is added up and as per the salary range, Tax is recovered.
The Six monthly period is April to Sep and Oct to March.
Suppose some one's six monthly total net salary is Rs.30,000 then he/she has to pay Rs.75/-. as professional Tax.
In the same way if someone's six monthly total net salary is Rs.76,000/- then he/she has to pay Rs.810/-.
Even if it is 5,00,000 then also it Rs.810/- only.
First half should be paid on or before 15th Sep to the respective corporation area(ward) office where all other taxes like Property Tax.(House Tax) water Tax etc are paid by the public.
For the second half should be paid on or 15th March.
But normally one or two weeks grace period is given unofficially.
No issues. No fines or penalties.
No company/ No Employee is exempted from paying this Tax.
Ofcourse any employee whose total six monthly net salary is below Rs.21,000/- then he/she is exempted.
In addition company as a whole treated as one huge net salary earning employee and for that an additional Rs.810/- to be paid by the company as company's share.
Then there is a Company Tax. That also to be paid. There is a slab for this company Tax. The minimum is Rs.200 and the Maximum is Rs.1000/- for any big company. It is based on paidup capital of the company.
The rates are different from city to city corporation to corporation for both the professional Tax and for the company Tax. But procedure is same. No change at all. Kindly confirm the local rates from the office where other taxes like property tax, water tax etc. are paid. are paid by the public.
For further clarification do write to me.
Regards,
S.Kumarasubramanian
From India, Madras
Hi Mr. Kumar, A Very nice helpful information. very useful. i have a doubt, does this PT is deducted from employees salary on monthly basis? can you let me know. Rgds, Murali.
From India, Hyderabad
From India, Hyderabad
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.ph...ofessional+tax
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.ph...ofessional+tax
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Hai,
Thanks for the compliments.
As per rule you have to deduct every month and pay it after six months.
But if the net pay increases due to promotion or increment then the monthly recovery also has to be changed.
In the same way if there is loss of pay then also it has to be changed.
That is why some employers deduct in the month of August and February Salary for remittance in September and March.
There is another secret behind not deducting every month.
If someone leaves the company in between then there is a headache of either you return them at the time their leaving or for them also you go and remit at the time when you are making the payment of others.
You have to maintain their records also till such time.
But the rule is very clear. Even if someone who was getting a net salary of Rs.25000/- leaves your company, you have to deduct his contribution of Rs.75/- from his full and final settlement and remit to the authorities along with others.
The reality is something else.
Regards,
S.Kumarasubramanian
From India, Madras
Thanks for the compliments.
As per rule you have to deduct every month and pay it after six months.
But if the net pay increases due to promotion or increment then the monthly recovery also has to be changed.
In the same way if there is loss of pay then also it has to be changed.
That is why some employers deduct in the month of August and February Salary for remittance in September and March.
There is another secret behind not deducting every month.
If someone leaves the company in between then there is a headache of either you return them at the time their leaving or for them also you go and remit at the time when you are making the payment of others.
You have to maintain their records also till such time.
But the rule is very clear. Even if someone who was getting a net salary of Rs.25000/- leaves your company, you have to deduct his contribution of Rs.75/- from his full and final settlement and remit to the authorities along with others.
The reality is something else.
Regards,
S.Kumarasubramanian
From India, Madras
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