New Professional Tax Slab Rates 2024-25 PDF: Online Payment, Login, Exemption, Due Date
Professional Tax Slab Rates 2024-25: Professional tax is a levy placed on individuals who participate in various professions, trades, and jobs across the nation. It’s determined by the earnings derived from these activities and targets a wide array of individuals, such as salaried workers, independent business owners, freelancers, and other professionals.
Different states have distinct income thresholds for this tax; for instance, in Karnataka, the tax kicks in for those earning over ₹25,000 monthly, while in Andhra Pradesh the threshold is ₹15,000. In West Bengal, it’s set at ₹10,000, Maharashtra has a limit of ₹7,500, and Tamil Nadu applies it at ₹21,000. This tax functions as a vital source of income for state governments and aids in enhancing local infrastructure and services.
Professional Tax Explained: Essential Guide for Salaried Employees
Salaried workers, whether they are employed in the private sector or within various governmental divisions, are generally quite familiar with the nuances of Professional Tax in India. This tax is routinely deducted from their monthly earnings and appears clearly on their pay slips, along with the annual Form-16, an important document for filing taxes. Therefore, it is crucial for all salaried individuals to keep abreast of the updated tax rates, which are usually revised biannually. Being knowledgeable about these changes is vital for compliance and effective financial management. Grasping these regulations not only aids in making precise tax payments but also contributes to a healthier overall financial situation.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) enacted a notable resolution that implements a significant 35% increase in tax rates for employees earning over Rs 21,000 monthly. This well-thought-out decision highlights that the governing board can reassess the tax rates every five years.
In line with the financial strategies for the fiscal year 2024 – 2025, the local authority has raised the semi-annual tax for salaried individuals by an impressive 35%. Specifically, those earning between Rs 21,000 and Rs 30,000 will now pay Rs 180 in tax, up from the previous Rs 135.
For salaries ranging from Rs 30,001 to Rs 45,000, the tax has increased from Rs 315 to Rs 430 every six months. Furthermore, individuals with earnings between Rs 45,001 and Rs 60,000 will now face a tax of Rs 930, a considerable rise from the earlier rate of Rs 690.
It’s worth mentioning that for salaried individuals whose earnings fall between Rs 6,000 and Rs 75,000, the existing tax rates will remain the same, with payments of Rs 1,025 and Rs 1,250 respectively. As per standard regulations, there is still no professional tax for those earning less than Rs 21,000.
TN Professional Tax Rates Table 2024
| 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 in Maharashtra 2024
In Maharashtra, a state in India, the Professional Tax applies to both genders, albeit with distinct rate tiers determined by monthly earnings. For men, there is no tax for monthly income up to Rs. 7,500. Those who earn between Rs. 7,501 and Rs. 10,000 face a monthly tax of Rs. 175. However, for those whose earnings exceed Rs. 10,000, the annual tax rises sharply to Rs. 2,500. To clarify these tax brackets and rates further, the accompanying table presents all pertinent details and classifications comprehensively.
| 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 in Karnataka 2024
In 2024, the government of Karnataka has set forth clear professional tax rates that define the financial duties for those earning salaries or wages. Under these guidelines, individuals bringing home Rs. 25,000 or more each month must pay a professional tax of Rs. 200 monthly. This tax applies to anyone involved in various professions, trades, or employment within Karnataka, promoting an organized taxation framework.
All individuals participating in these professional activities are required to pay this tax, with compliance responsibilities varying by employment type. For employees on a salary, their employers play a vital role by deducting the relevant amount from their paychecks and submitting it to the state government according to the specified tax brackets. Furthermore, employers are tasked with obtaining the necessary professional tax registration certificates to ensure adherence to legal requirements.
Self-employed individuals looking to fulfill their professional tax obligations will find the process quite simple. They can register using their Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN) and proceed to make payments online. This efficient approach allows professionals to handle their tax responsibilities easily within a modern digital environment.
Who are all eligible for Professional Tax in Karnataka?
- Individuals receiving a monthly salary or wage of Rs. 25,000 or more
- Self-employed persons engaged in Professions, Trades, Callings
and Employments - Legal practitioners
- Consultants
- Agents
- Chartered Accountants and Actuaries
- Engineers
- Health care professionals
- Estate Agents or Brokers
- Beauty parlours
- Dry cleaners and interior decorators
- Computer Training Institutes
- Driving Institutes
- Technical Training Institutes
- Astrologers
- Astropalmists
- Numerologists
- Vaastu consultants
- Directors
- Actors and Actresses