Is professional tax applicable in Jaipur?
Professional tax registration in Jaipur can be obtained through IndiaFilings. The maximum amount to be paid as professional tax is Rs. 2500. The amount is, however, depending on the gross income of the professional.
In which state professional tax is not applicable?
Majority but not all of the Indian states impose profession tax. While states like Karnataka and Maharashtra have profession tax, there is no such tax applicable in Delhi and Haryana.
Who is exempt professional tax?
The following individuals are exempted to pay Professional Tax: Parents of children with permanent disability or mental disability. Members of the forces as defined in the Army Act, 1950, the Air Force Act, 1950 and the Navy Act, 1957 including members of auxiliary forces or reservists, serving in the state.
In which states professional tax is applicable?
The states which impose professional tax are Punjab, Uttar Pradesh, Karnataka, Bihar, West Bengal, South Delhi,,Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat, Assam, Kerala, Meghalaya, Odisha, Tripura, Madhya Pradesh, Jharkhand and Sikkim, Mizoram. .
Is professional tax mandatory?
Is it mandatory to pay professional tax? Yes, if you are a salaried individual, it is mandatory to pay professional tax.
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. Also, not all states collect or impose Professional Tax. …
Is professional tax and TDS same?
TDS amount is like advanced Tax. Professional tax is collected by state government. … You may work in any organisation , but practicing your profession you are paying tax to the state government.
Can professional tax be claimed?
In your income tax return, professional tax is allowed as a deduction from your salary income.
How can I avoid paying professional tax?
The following individuals are exempted to pay Professional Tax:
- Parents of children with permanent disability or mental disability.
- Members of the forces as defined in the Army Act, 1950, the Air Force Act, 1950 and the Navy Act, 1957 including members of auxiliary forces or reservists, serving in the state.
Is professional tax exemption for physically handicapped?
Any person suffering from a permanent physical disability (including blindness), being a permanent physical disability specified in the rules made in this behalf by the State Government, which is certified by a physician, a surgeon or an oculist, as the case may be, working in a Government Hospital is exempt from …
Is professional tax mandatory after GST?
A maximum of ₹2,500 a year is levied as professional tax on establishments and persons earning more than ₹15,000 a month. Professional tax is among the only two taxes (the other being Karnataka Sales Tax) that the State government administers, after the other taxes were subsumed in the GST regime.
Who is responsible to collect and pay professional tax?
It is a direct tax that states levy on all individuals earning income. Though state governments handle professional tax, not all states charge it from individuals. According to the Article 246 of the Constitution of India, only Parliament has exclusive rights to make laws with respect to income tax.
Is PT applicable in Goa?
Professional Tax is a state level tax levied by State Governments. … Currently, this tax is applicable in Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Sikkim, Tamil Nadu, Telangana, Tripura & West Bengal.
What is HRA salary?
HRA full form is House Rent Allowance. It is a part of your salary provided by the employer for the expenses incurred towards rented accommodation. You can claim HRA exemption only if you are residing in a rented house.