New Professional Tax Slab Rates 2024-25 PDF & Details
Professional Tax Slab Rates 2024-25: Professional tax is a fee imposed on individuals engaged in various jobs, trades, and occupations throughout the country. This tax is based on the income earned from these activities and affects a diverse group, including salaried workers, self-employed individuals, freelancers, and other professionals.
The income limits for this tax vary by state. For example, in Karnataka, it applies to anyone earning over ₹25,000 per month, while in Andhra Pradesh, the threshold is ₹15,000. Professional Tax Slab Rates In West Bengal, it is set at ₹10,000; Maharashtra has a limit of ₹7,500; and in Tamil Nadu, Professional Tax Slab Rates it is fixed at ₹21,000. This tax is vital for generating revenue for state governments and contributes to the improvement of local infrastructure and services.
Professional Tax Guide for Salaried Employees
Employees on a salary, whether they work in the private sector or in various governmental roles, are well-acquainted with the intricacies of Professional Tax in India. Professional Tax Slab Rates This tax is regularly withheld from their monthly salaries and is clearly indicated on their payslips, as well as on the annual Form-16, Professional Tax Slab Rates which is essential for tax filing. Consequently, it is vital for all salaried individuals to stay informed about the current tax rates, which are typically updated twice a year, to ensure compliance and enable sound financial planning. Professional Tax Slab Rates Understanding these regulations helps not only in making accurate tax payments but also in managing their overall financial health.
Professional Tax Rates Tamil Nadu 2024 – Complete Guide
On Tuesday, the Greater Chennai Corporation (GCC) made a significant move by passing a resolution that raises professional tax rates by 35 percent for employees with monthly earnings exceeding Rs 21,000. Professional Tax Slab Rates 2024-25: Insights & Login This carefully considered decision allows the governing body to revisit these tax rates every five years.
As part of the financial plans for the 2024 – 2025 fiscal year, the local authority has instituted a 35 percent increase in the semiannual tax for salaried employees. Professional Tax Slab Rates Those making between Rs 21,000 and Rs 30,000 will now be required to pay Rs 180 in taxes, up from the previous Rs 135.
For those whose salaries fall between Rs 30,001 and Rs 45,000, the tax has risen from Rs 315 to Rs 430 every six months. Professional Tax Slab Rates Additionally, individuals earning between Rs 45,001 and Rs 60,000 are now subject to a tax of Rs 930, an increase from the former Rs 690.
It’s important to note that for salaried individuals earning between Rs 6,000 and Rs 75,000, the tax rates remain steady, with amounts at Rs 1,025 and Rs 1,250 respectively. According to standard regulations, there is no professional tax imposed on those earning below the Rs 21,000 mark.
TN Professional Tax Rates Table 2024 – Get the Latest Info!
| Slab | Rates |
| Below Rs. 21,000 | No Tax |
| Rs. 21,001 – 30,000 | Rs. 180 |
| Rs. 30,001 – 45,000 | Rs. 430 |
| Rs. 45,001 – 60,000 | Rs. 930 |
| Rs. 60,001 – 75,000 | Rs. 1,025 |
| Above Rs. 75,001 | Rs. 1,250 |
Professional Tax Rates Maharashtra 2024 – Latest Information
In Maharashtra, India, the Professional Tax is applicable to everyone, regardless of gender, but the rates vary based on monthly earnings. Males making Rs. 7,500 or less are entirely exempt from this tax. For individuals whose monthly income ranges from Rs. 7,501 to Rs. 10,000, there is a monthly charge of Rs. 175. Furthermore, those with monthly incomes exceeding Rs. 10,000 are subject to a significantly higher annual tax of Rs. 2,500. To clarify these tax classifications and rates in more detail, a comprehensive table is presented below.
| In case of Men Whose Monthly Salary or Wages | |
| Upto Rs.7500 | No Tax |
| Rs. 7501 to Rs. 10000 | Rs.175 Per Month |
| Above Rs.10000 | Rs.2500 Per Year |
| In case of Women Whose Monthly Salary or Wages | |
| Upto Rs.25000 | No Tax |
| Above Rs. 25000 | Rs.2500 Per Year |
Professional Tax Rates Karnataka 2024 | Complete Guide
In 2024, the government of Karnataka has introduced clear tax obligations for individuals earning salaries or wages. Those who earn Rs. 25,000 or more each month are required to pay a monthly professional tax of Rs. 200. This tax applies to everyone engaged in various professions, trades, or jobs within the state, creating a structured approach to taxation.
All individuals involved in these sectors must adhere to this tax requirement, with responsibilities differing according to their employment status. For salaried employees, it falls upon the employers to deduct the appropriate professional tax from their salaries and remit it to the state government according to the established rate brackets. Additionally, employers must obtain the necessary professional tax registration certificates to comply with legal regulations.
Self-employed individuals wishing to fulfill these tax responsibilities will find the process straightforward. They can register online using their Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN), and make payments digitally. This efficient system allows professionals to manage their tax obligations effectively in today’s digital age.
Eligibility for Professional Tax in Karnataka
- People earning a monthly income of Rs. 25,000 or higher
- Self-employed individuals in various professions, trades, and occupations
- Lawyers
- Advisors
- Representatives
- Certified accountants and actuaries
- Engineers
- Medical professionals
- Real estate agents or brokers
- Hair and beauty salons
- Laundry services and interior designers
- IT training centers
- Driving schools
- Vocational training institutions
- Astrologers
- Palm readers
- Numerology experts
- Vaastu specialists
- Film directors
- Performers and actresses