| Rs.33,334 and above | RsWhich is the state where professional tax is paid in India?Professional tax is levied through predetermined tax slabs and is paid on a monthly basis. Some of the states which currently impose a professional tax in India are Maharashtra, Gujarat, Andhra Pradesh, Kerala, Tamil Nadu, Karnataka, Bihar, Assam, Madhya Pradesh, Telangana, Meghalaya, Odisha, West Bengal, Sikkim and Tripura. Which is the maximum amount of professional tax?Although the tax is levied depending upon the income of the individual, the maximum amount any State can levy as Professional Tax is restricted to INR 2,500. The deductions of Professional tax are made under Section 16 of Income Tax Act, 1961. And, the balance amount shall be calculated as per the slabs applicable. How is the balance of professional tax calculated? The deductions of Professional tax are made under Section 16 of income tax Act, 1961. And, the balance amount shall be calculated as per the slabs applicable. How to Calculate Professional Tax? How much do I have to pay professional tax? A: For individuals whose gross income is up to Rs. 15,000, there is no professional tax. For individuals with income ranging between Rs. 15,001 to Rs. 20,000, a professional charge of Rs. 150 per month is levied. For those earning above Rs. 20000, PT of Rs. 200 per month can be collected. 7. How do I know if I have to pay professional tax? |
