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 participating in a wide array of professions, trades, and employment across the nation. It’s determined by the earnings derived from these activities and targets a broad spectrum of workers, including those on salaries, self-employed entrepreneurs, freelancers, and various other professionals.
The income thresholds for this tax differ from one state to another. For instance, in Karnataka, the tax kicks in for anyone earning more than ₹25,000 per month, while in Andhra Pradesh, the threshold is ₹15,000. West Bengal sets its limit at ₹10,000, Maharashtra at ₹7,500, and Tamil Nadu at ₹21,000. This tax acts as a crucial revenue stream for state governments, aiding in the enhancement of local infrastructure and public services.
Professional Tax Explained: Essential Guide for Salaried Employees
Every salaried worker, whether employed in the private sector or in various levels of government, is quite familiar with the complexities of Professional Tax in India. This tax is automatically deducted from their monthly earnings and is prominently displayed on their payslip, as well as in the annual Form-16, an important document for filing taxes. Therefore, it is vital for all salaried individuals to keep up to date with the updated tax rates that are typically revised biannually, ensuring they remain compliant and can effectively plan their finances. Grasping these regulations not only aids in making accurate tax payments but also supports better overall financial management.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) made a noteworthy decision to raise tax rates by 35% for employees earning over Rs 21,000 a month. This resolution, which has thoughtfully crafted, includes a provision allowing the governing board to review the tax rates every five years.
In line with the financial strategies for the fiscal year 2024-2025, the local authority has implemented this tax hike, affecting salaried individuals significantly. Now, those with monthly salaries between Rs 21,000 and Rs 30,000 will see their tax rise to Rs 180, up from the previous Rs 135.
For those earning between Rs 30,001 and Rs 45,000, the tax has increased from Rs 315 to Rs 430 every six months. Furthermore, individuals with salaries ranging from Rs 45,001 to Rs 60,000 will now be required to pay Rs 930 in tax, which is an increase from the earlier charge of Rs 690.
It is crucial to highlight that for salaried workers earning between Rs 6,000 and Rs 75,000, the existing tax rates will stay the same—Rs 1,025 and Rs 1,250, respectively. Consistent with current regulations, there remains 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, both genders are subject to a Professional Tax, though the rates differ based on income brackets. Men earning Rs. 7,500 or less each month are exempt from this tax. For those with monthly earnings ranging from Rs. 7,501 to Rs. 10,000, a monthly fee of Rs. 175 applies. In contrast, individuals making more than Rs. 10,000 monthly face a considerably higher annual tax of Rs. 2,500. To clarify these tax rates and categories further, a detailed table summarizing all pertinent information is provided below.
| 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 Karnataka government’s professional tax regulations lay out clear financial duties for those earning salaries or wages. Individuals making Rs. 25,000 or more each month are obligated to pay a monthly professional tax of Rs. 200. This tax applies to people engaged in various professions, trades, or employment throughout Karnataka, aiming to create a systematic taxation framework.
The responsibility for paying this professional tax is applicable to anyone involved in these professional sectors, with different parties responsible based on their employment situation. For employees on a salary, their employers are tasked with the essential duty of deducting the correct professional tax from their paychecks and forwarding this to the state government in line with the specified rate schedules. Furthermore, employers are also responsible for registering to obtain the necessary professional tax certificates, ensuring all legal requirements are fulfilled.
Self-employed individuals wishing to adhere to the professional tax guidelines will find the process simple. They can register using their Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN) and make payments online. This streamlined approach enables professionals to effectively manage their tax responsibilities within the 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