Is professional tax applicable to government employees?

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. While states like Karnataka and Maharashtra have profession tax, there is no such tax applicable in Delhi and Haryana.

What is PTEC return?

To make the payment of Maharashtra Professional Tax, every taxpayer has to obtain a certificate of registration such as Professional Tax Registration Certificate (PTRC) and Professional Tax Enrollment Certificate (PTEC).

How is P tax calculated?

For example, if you are a working professional in Gujarat earning Rs. 20,000 a month, your monthly professional tax will amount to Rs. 200 and your annual professional tax will be Rs. 2400.

What is the professional tax rate in Madhya Pradesh?

Given below is the professional tax slab rate for Madhya Pradesh for the year 2019-2020. The state of Madhya Pradesh levies professional tax of Rs

Which is the maximum amount of professional tax in India?

Professional Tax or Profession Tax is levied by the State Government on the income of the assessee. Under Article 276 of the Indian Constitution, the state governments are empowered to decide the rate for the professional tax in the state. The maximum amount that can be charged under this tax regime is Rs. 2500.

Which is the tax slab in Madhya Pradesh?

The tax slab rate is different for each year. Given below is the professional tax slab rate for Madhya Pradesh for the year 2019-2020. The state of Madhya Pradesh levies professional tax of Rs

Where does professional tax take place in India?

Professional tax is imposed at state level in India and each state has a different method of collecting tax. Professional tax is a source of revenue for the government. Professional tax is compulsory in India just like income tax.