You asked: Which month professional tax will be deduction in Tamilnadu?

Salary for the half year in Rs Profession Tax for the half year in Rs
30,001 – 45,000 235
45,001 – 60,000 510
60,001 – 75,000 760
75,001 and above 1095

Is professional tax cut every month?

Professional tax is calculated every month based on your gross salary for that month. … The professional tax will be levied on this amount of Rs. 40,000. So, each month based on the increase or decrease of your gross salary, your professional tax slab will also differ and accordingly, your employer will deduct this tax.

How many times professional tax is deducted from salary in Tamilnadu?

The maximum tax amount payable is Rs. 2,500 per year and there are predetermined slabs for the tax rate. The owner of the business collects the tax and then pays it to the state government.

Tamil Nadu Professional Tax Slab Rate.

Monthly Salary Professional Tax Amount Payable in Tamil Nadu
Above Rs.12,500 Rs.208
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What is the due date for payment of professional tax in Tamilnadu?

The due date for payment of Professional Tax and Filing of Professional Tax Return in Tamilnadu is 1st April and 1st October for the respective half-year.

On which amount professional tax should be deducted?

Profession Tax Rates in Key States of India

State Income per Month Tax Rate/Tax Amount (p.m.)
Karnataka Up to Rs. 15,000 Nil
Rs. 15,001 onwards Rs. 200
Kerala (Half yearly income slabs and half yearly tax payment) Up to Rs.11,999 Nil
Rs.12,000 to Rs.17,999 Rs.120

How is PT salary 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 PT in salary slip?

When you look at your payslip or salary slip, along with the deduction column, you will notice a deduction marked as “PT”. PT or Professional Tax, as it is called, is a tax paid to the state government.

Who is eligible for professional tax in Tamilnadu?

Tamil Nadu and includes a Hindu undivided family, firm, company, corporation or other corporate body, any society, club, body of persons or association, so engaged, but does not include any person employed on a casual basis; 6) “Tax” means the tax on profession, trade, calling and employment levied under this Chapter.

Who is liable for professional tax?

In case of Salaried and Wage earners, the Professional Tax is liable to be deducted by the Employer from the Salary/Wages and the Employer is liable to deposit the same with the state government. In case of other class of Individuals, this tax is liable to be paid by the person himself.

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How can I claim professional tax in Tamilnadu?

Application of registration should be made to the assessee’s state tax department within 30 days of employing staff. Mandatory Registration of employees within 30 days of employment should be done. The professional tax amount will be deducted from the salary of the employee.

What is the due date for payment of PT?

If an employer has employed more than 20 employees, he is required to make the payment within 15 days from the end of the month. However, if an employer has less than 20 employees, he is required to pay quarterly (i.e. by the 15th of next month from the end of the quarter).

What is the due date of PF payment?

What is the due date for monthly PF returns? The due date for monthly PF returns is the 15th of the subsequent month.

Can professional tax be refunded?

A person can claim the refund of the excess tax paid/deducted during a financial year by filing his or her income tax returns for that year. As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 (unless deadline extended) to claim the refund.

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