How to calculate professional tax on salary in tamilnadu
- on what basis professional tax is calculated
- on what basis professional tax is deducted
- how is professional tax calculated
- when professional tax is applicable
How to calculate professional tax on salary
Professional tax calculator.
Introduction:
Apart from Income Tax, there is one more Tax which is levied on the basis of Income of one person which is professional Tax. Professional Tax is levied not only over professionals like CAs, Doctors, Lawyers but also over Traders, employees, or Freelancers on the basis of their Income.
If we talk about salaries person, they generally worried about professional tax which is shown under deductions in their monthly payslips by the employer but they do not know why it is deducted and on what basis it is getting deducted every month from their salary.
Let’s discuss in this article What exactly professional Tax means, Who has the power to recover this?
How to calculate professional tax on salary in karnatakahow it is calculated? And What are the consequences of violation of professional Tax provisions?
What is Professional Tax and Who has the power to levy this?:
Every Tax can be levied by either state or central government according to the powers vested to them by our constitution of India.
The state government is empowered to make laws and collect taxes for the items mentioned in the state as well as concurrent lists.
- professional tax is calculated on which amount