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 imposed on individuals working across various professions, trades, and job roles nationwide. The tax is determined by the income earned from these activities and is applicable to a broad spectrum of individuals, such as salaried workers, self-employed entrepreneurs, freelancers, and other professionals.
The income thresholds for this tax differ from one state to another. For instance, in Karnataka, it 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’s threshold is ₹21,000. This tax plays a crucial role in generating revenue for state governments, aiding in the enhancement of local infrastructure and services.
Professional Tax Explained: Essential Guide for Salaried Employees
All employees on a salary, whether in the private sector or various levels of government, are quite familiar with the complexities of Professional Tax in India. This tax is routinely taken from their monthly paychecks and is prominently displayed on their salary slips, as well as on the annual Form-16, which is vital for tax submissions. Therefore, it’s crucial for every salaried worker to keep abreast of the updated tax rates that are modified regularly, usually biannually, to maintain compliance and facilitate financial planning. Grasping these rules not only aids in making correct tax payments but also contributes to better overall financial well-being.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) made a significant move by approving a resolution that raises the tax rates by 35% for employees earning over Rs 21,000 a month. This decision, made with careful consideration, stipulates that the governing board can review and potentially adjust these tax rates every five years.
In line with financial strategies for the fiscal year 2024-2025, the local authority has increased the semi-annual tax for salaried workers by a notable 35%. Individuals earning between Rs 21,000 and Rs 30,000 will now owe Rs 180 in tax, up from the previous Rs 135.
For those with salaries ranging from Rs 30,001 to Rs 45,000, the tax has jumped from Rs 315 to Rs 430 every six months. Furthermore, individuals earning between Rs 45,001 and Rs 60,000 will now have a tax responsibility of Rs 930, rising from an earlier rate of Rs 690.
It is crucial to highlight that for salaried individuals earning between Rs 6,000 and Rs 75,000, the existing tax rates will remain unchanged. They will continue to pay Rs 1,025 and Rs 1,250, respectively. Additionally, as per standard regulations, there will be no professional tax for those whose earnings fall below 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, India, the Professional Tax applies to everyone, regardless of gender, but the tax rates differ based on income brackets. Men with monthly earnings of Rs. 7,500 or less are exempt from any tax. For those bringing in between Rs. 7,501 and Rs. 10,000, a monthly tax of Rs. 175 is required. Meanwhile, individuals earning over Rs. 10,000 face a much steeper tax rate, which totals Rs. 2,500 annually. To clarify these taxation guidelines and rates, a detailed table is provided below, illustrating the various factors and categories involved.
| 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 guidelines regarding professional tax obligations for individuals earning a salary or wage. If you find yourself earning Rs. 25,000 or more each month, you are mandated to pay a professional tax of Rs. 200 monthly. This tax is aimed at those involved in various professions, trades, or jobs within Karnataka, establishing a systematic framework for taxation.
Anyone actively participating in these professional endeavors is liable for this tax, with compliance responsibilities varying based on employment type. For employees, it is the employers’ duty to deduct the appropriate professional tax from their salaries and ensure that the payments are forwarded to the state government according to the specified rate tiers. Employers are also tasked with obtaining the necessary professional tax registration certificates to fulfill all legal requirements.
Self-employed individuals looking to adhere to the professional tax regulations 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 hassle-free approach enables professionals to handle their tax responsibilities effectively within the digital arena.
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