Professional Tax revised IN Meghalaya

Professional Tax revised IN Meghalaya

The State Cabinet on Tuesday revised the slab for the Professional Tax to be paid by different professionals in the State.

According to the new slab, any professional whose gross total annual income is between Rs 50,000 and Rs 75,000 would have to pay Rs 200 annually as professional Tax.

For professionals whose gross total annual income is between Rs 75,000 and Rs 1 lakh the tax has been revised to Rs 300 annually, while those professionals with income ranging between Rs 1 lakh and Rs 1.5 lakh annually would have to pay professional tax of Rs 500.

Professional Tax

If you are a professional or a working individual of a reputed organization, then you are required to pay professional tax. Professional tax in India is a state-level duty.

What is professional tax?

In India, this tax is imposed by various states. It is imposed on business owners, working individuals, merchants and people carrying out various occupations. The following states impose this levy in India - Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamilnadu, Gujarat, and Madhya Pradesh.

Professional tax is levied by particular Municipal Corporations and majority of the Indian states impose this duty. It is a source of revenue for the government. The maximum amount payable per year is ` 2,400/- and in line with your salary, there are predetermined slabs. It is paid by every member of staff employed in private companies. It is subtracted by the employer each month and sent to the Municipal Corporation. It is compulsory as income tax. You will be eligible for income tax deduction for this payment.

Criteria in various states of India

In Maharashtra, this duty is applicable both on individuals and companies as laid down by the guidelines of the Maharashtra Professional Tax Act of 1975.

Every individual living in Maharashtra, involved in any business, profession, occupation or employment is legally responsible to pay it and has to get a Certificate of Enrolment from the Professional Authority.

As soon as you receive this certificate, you can fulfill your personal tax liability for 5 years by making a one-time payment, which is equivalent to the sum of Professional Tax for 4 years beforehand, getting relief for payment of one year.

In Tamil Nadu, it is imposed by the Municipal Council on businessmen, professionals, and employed individuals.

Every company which conducts business and every individual, who is involved directly in any business, occupation, or employment in the town panchayat on the first day of the half-year for which return has been submitted, needs to pay biannual tax at the rates stipulated.

Professional Tax Slabs in Various States

Andhra Pradesh

Salary Slabs per month	Payable Tax per month
Upto ` 5,000/-	Nil
` 5,000/- to ` 6,000/-	` 60/-
` 6,000/- to ` 10,000/-	` 80/-
` 10,000/- to ` 15,000/-	` 100/-
` 15,000/- to ` 20,000/-	` 150/-
` 20,000/- and above	` 200/-

Assam

Salary Slabs per month	Payable Tax per month
Upto ` 3,500/-	Nil
` 3,501/- to ` 5,000/-	` 30/-
` 5,001/- to ` 7,000/-	` 75/-
` 7,001/- to ` 9,000/-	` 110/-
` 9,001/- and above	` 208/-

Chhattisgarh

Salary Slabs per month	Payable Tax per month
Upto ` 12,500/-	Nil
` 12,501/- to ` 16,667/-	` 150/-
` 16,668/- to ` 20,833/-	` 180/-
` 20,834/- to ` 25,000/-	` 190/-
` 25,001/- & above	` 200/-

Gujarat

Salary Slabs per month	Payable Tax per month
Upto ` 2,999	Nil
` 3,000/- to ` 5,999/-	` 20/-
` 6,000/- to ` 8,999/-	` 80/-
` 9,000/- to ` 11,999/-	` 150/-
Rs 12,000/- and above	` 200/-

Karnataka

Salary Slabs per month	Payable Tax per month
` 3,000/- to ` 5,000/-	` 30/-
` 5,000/- to ` 8,000/-	` 60/-
` 8,000/- to ` 10,000/-	` 100/-
` 10,000/- to ` 15,000/-	` 150/-
` 15,000/- and above	` 200/-

Kerala

Salary Slabs per month	Payable Tax per month
Upto ` 1,999/-	Nil
` 2000/- to ` 2999/-	` 20/-
` 3000/- to ` 4,999/-	` 30/-
` 5,000/- to ` 7,499/-	` 50/-
` 7,500/- to ` 9,999	` 75/-
` 10,000/- to ` 12,499/-	` 100/-
` 12,500/- to ` 16,666/-	` 125/-
` 16,667/- to ` 20,833/-	` 166/-
` 20,834/- and above	` 208/-

Madhya Pradesh

Salary Slabs per month	Payable Tax per month
Upto ` 10,000/-	Nil
` 10,001/- to ` 12500/-	` 88/-**
` 12,501/- to ` 15,000/-	` 125/-
` 15,001/- & above	` 208/- ##
** upto Feb. ` 88, March ` 87/-
## upto Feb ` 208/-, March ` 212/-

Maharashtra

Salary Slabs per month	Payable Tax per month
Upto ` 2,500/-	Nil
` 2,500/- to ` 3,500/-	` 60/-
` 3,500/- to ` 5,000/-	` 120/-
` 5,000/- to ` 10,000/-	` 175/-
` 10,000/- and above	` 200/-**
*upto Feb ` 200/- p.m. & Mar ` 300/- p.m.

Meghalaya

Salary Slabs per month	Payable Tax per month
Upto ` 4,166/-	Nil
` 4,167/- to ` 6,250/-	` 16.50/-
` 6,251/- to ` 8,333/-	` 25/-
` 8,334/- to ` 12,500/-	` 41.50/-
Rs 12,501./- to ` -16,666	` 62.50/-
` 16,667/- to ` 20,833/-	` 33/-
` 20,834/- to ` 25,000/-	` 35/-
` 25,001/- and above	` 38/-

Orissa

Salary Slabs per month	Payable Tax per month
Upto ` 5000/-	Nil
` 5,001/- to ` 6,000/-	` 30/-
` 6,001/- to ` 8,000/-	` 50/-
` 8,001/-to ` 10,000/-	` 75/-
` 10,001/- to ` 15,000/-	` 100/-
` 15,001/- to ` 20,000/-	` 150/-
` 20,001/- & above	` 200/-

Tamil Nadu

Salary Slabs per month	Payable Tax per month
Upto ` 3,500/-	Nil
` 3501/- to ` 5000/-	` 16.50/-
` 5001/- to ` 7500/-	` 39/-
` 7501/- to ` 10000/-	` 85/-
` 10001/- to ` 12500/-	` 126.50/-
` 12501/- & above	` 182.50/-

Tripura

Salary Slabs per month	Payable Tax per month
Upto ` 2500/-	Nil
` 2501/- to ` 3500/-	` 55/-
` 3501/- to ` 4500/-	` 85/-
` 4501/- to ` 6500/-	` 100/-
` 6501/- to ` 10000/-	` 140/-
` 10001/- and above	` 180/-

West Bengal

Salary Slabs per month	Payable Tax per month
Upto ` 5,000/-	Nil
` 5,001/- to ` 6,000/-	` 40/-
` 6,001/- to ` 7,000/-	` 45/-
` 7,001/- to ` 8,000/-	` 50/-
` 8,001/- to ` 9,000/-	` 90/-
` 9,001/- to ` 15,000/-	` 110/-
` 15,001/- to ` 25,000/-	` 130/-
` 25,001/- to ` 40,000/-	` 150/-
` 40,001/- and above	` 200/-

In New Delhi

Income	Tax to be imposed
Upto ` 1,10,000	Nil
From ` 1,10,000 To ` 1,45,000	Nil
From ` 1,45,000 To ` 1,50,000	10.00%
From ` 1,50,000 To ` 1,95,000	20.00%
From ` 1,95,000 To ` 2,50,000	20.00%
More than ` 2,50,000	30.00%