New Professional Tax Slab Rates 2024-25 PDF: Online Payment, Login, Exemption, Due Date
Professional Tax Slab Rates 2024-25: Professional tax refers to a levy imposed on individuals who participate in various professions, trades, and types of employment across the nation. This tax is determined based on the earnings derived from these activities and targets a wide array of individuals, including salaried workers, self-employed entrepreneurs, freelancers, and other professionals.
The thresholds for this tax differ from state to state; for instance, in Karnataka, it applies to anyone earning over ₹25,000 monthly, while in Andhra Pradesh, the threshold is ₹15,000. In West Bengal, the limit is ₹10,000, Maharashtra sets it at ₹7,500, and Tamil Nadu has a threshold of ₹21,000. This tax acts as an important revenue source for state governments, aiding in the enhancement of local infrastructure and services.
Professional Tax Explained: Essential Guide for Salaried Employees
Every salaried worker, whether in the private sector or employed by state and central government entities, is quite familiar with the complexities of Professional Tax in India. This tax is routinely deducted from their monthly paychecks and is prominently displayed on salary slips, along with the annual Form-16, which serves as an important document for tax submissions. Therefore, it is crucial for all salaried individuals to keep up-to-date with the updated tax rates that are revised typically biannually, to maintain compliance and aid in financial planning. Grasping these regulations is vital not only for making precise tax payments but also for effectively managing one’s overall financial well-being.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) took a notable step by approving a resolution that raises tax rates by 35% for employees with monthly incomes exceeding Rs 21,000. This resolution highlights that the governing board can reassess these tax rates every five years.
As part of the financial strategy for the fiscal year 2024-2025, the local authority has implemented this significant increase in the half-yearly tax for salaried workers. Those earning between Rs 21,000 and Rs 30,000 will now pay Rs 180 in tax, up from Rs 135.
For salaries ranging from Rs 30,001 to Rs 45,000, the tax has risen from Rs 315 to Rs 430 semi-annually. Furthermore, individuals making between Rs 45,001 and Rs 60,000 will see their tax jump to Rs 930, which is an increase from the previous Rs 690.
However, it’s worth mentioning that for salaried individuals earning between Rs 6,000 and Rs 75,000, the existing tax rates will remain the same, requiring payments of Rs 1,025 and Rs 1,250 respectively. Consistent with prior regulations, there is no tax for those earning 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, a state in India, Professional Tax applies to both genders, but the tax brackets differ according to their monthly income. Men earning Rs. 7,500 or less are exempt from paying any tax. For those whose monthly income falls between Rs. 7,501 and Rs. 10,000, a monthly tax of Rs. 175 is imposed. Those earning more than Rs. 10,000 face a much steeper tax burden, with an annual tax of Rs. 2,500. To clarify these tax rates and structures further, a detailed table below presents all the necessary information and categorizations.
| 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, Karnataka’s government has set forth clear professional tax rates that outline the fiscal duties for individuals earning salaries or wages. Those making Rs. 25,000 or more each month must pay a monthly professional tax of Rs. 200. This system is aimed at individuals engaged in various professions, trades, and employment within Karnataka, creating a systematic approach to taxation.
Anyone involved in these professional activities is liable to pay this tax, with compliance responsibilities differing based on employment type. For salaried workers, it’s the employer’s duty to deduct the necessary professional tax from their paychecks and submit it to the state government according to the specified tax brackets. Employers are also responsible for securing the required professional tax registration certificates to ensure all legal requirements are fulfilled.
Self-employed individuals looking to meet 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 conveniently make online payments. This digital approach allows professionals to effectively and easily handle their tax responsibilities.
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