WebEvery person, who is engaged in any profession, trade, calling or employment and falling under any one or more of the entries enumerated in the Schedule appended to the Act, is liable to pay Profession Tax. The Schedule now contains 23 entries. Entry at serial No. 1 applies to salary or wage earners, while entries at serial numbers 2 to 23 ... WebSep 5, 2024 · Explanatory Notes. SI. Class of person Rate of tax. (1) The rate of tax payable by any person covered in entry against serial number 4 above shall be Rs. 2,500 per …

West Bengal Professional Tax Slab Rate 2024-22 - Panot Book

WebFeb 15, 2024 · Maximum Profession Tax Amount. A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. Profession Tax Is Deductible Under Section 16 (iii) Of The Income Tax Act. According to Section 16 (iii) of the Income Tax Act 1961, the profession tax paid by an employee is allowed as a deduction from his/her … WebNo. & Sub No. 1 Salary and wage earners. wages are- (i) Rs. 1,500 or less Nil 1(i) (ii) Rs. 1,501 or more, but less than Rs.2,001 Rs. 18 per month 1(ii) (iii) Rs. 2,001 or more, but less … phonetic lifting meaning

Tamil Nadu Professional Tax Slab Rate – BankBazaar.com

WebSep 5, 2024 · Explanatory Notes. SI. Class of person Rate of tax. (1) The rate of tax payable by any person covered in entry against serial number 4 above shall be Rs. 2,500 per annum irrespective of the amount of gross turnover or gross receipts of such person. (2) Notwithstanding anything contained in this Schedule, where a person is covered by more … WebApr 30, 2024 · professional_tax_return_filing_west_bengalprofessional tax return filing west bengal WebApr 11, 2024 · From Rs. 40001 – Rs. 60000. Rs. 510. From Rs. 60001 – Rs. 75000. Rs. 760. From Rs. 75001 and above. Rs. 1095. Similarly, there are different slabs and rates for the other states as well. For the month of February, the Professional Tax is a little higher than the rest of the eleven months in the year. phonetic listing