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 on individuals involved in a variety of professions, trades, and types of employment across the nation. This tax is determined by the earnings from these activities, targeting a broad spectrum of people, including those who receive a salary, self-employed individuals, freelancers, and other professionals.
The income thresholds for this tax differ from one state to another. For instance, in Karnataka, it kicks in for anyone earning more than ₹25,000 monthly, whereas 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 it at ₹21,000. This tax not only generates revenue for state governments but also plays a vital role in enhancing local infrastructure and services.
Professional Tax Explained: Essential Guide for Salaried Employees
Every salaried worker, whether in the private sector or affiliated with state and central government roles, is likely familiar with the complexities of Professional Tax in India. This tax is automatically deducted from their monthly pay and is prominently displayed on their salary slip, along with the annual Form-16, an important document for filing taxes. Therefore, it’s crucial for all salaried individuals to keep abreast of the updated tax rates, which are usually revised biannually, to guarantee compliance and aid in financial planning. Grasping these rules is vital not only for ensuring proper tax payments but also for maintaining overall financial well-being.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) took a significant step by approving a resolution that increases professional tax rates by 35% for employees earning more than Rs 21,000 a month. This decision highlights that the governing board will review these tax rates every five years.
As part of the financial strategies for the fiscal year 2024-2025, the local authority has implemented a notable rise of 35% in the biannual tax for salaried workers. Now, those earning between Rs 21,000 and Rs 30,000 will be required to pay Rs 180 in tax, up from Rs 135.
For individuals with salaries ranging from Rs 30,001 to Rs 45,000, the tax has increased from Rs 315 to Rs 430 every six months. Moreover, those earning between Rs 45,001 and Rs 60,000 will now owe Rs 930 in professional tax, a significant jump from the previous rate of Rs 690.
However, it’s worth mentioning that for salaried individuals earning between Rs 6,000 and Rs 75,000, the existing tax amounts will remain the same, with individuals required to pay Rs 1,025 and Rs 1,250 respectively. Additionally, there is still 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, India, both men and women are subject to the Professional Tax, although the rates differ based on their monthly income. For male employees, if their earnings are Rs. 7,500 or less per month, they are exempt from any tax. Those with monthly incomes ranging from Rs. 7,501 to Rs. 10,000 will incur a monthly tax of Rs. 175. For individuals making over Rs. 10,000 a month, the annual tax rises considerably to Rs. 2,500. To elucidate these tax brackets and rates 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 has set forth specific tax rates that outline the financial responsibilities for individuals earning a salary or wage. Those making Rs. 25,000 or more each month are mandated to pay a professional tax of Rs. 200 monthly. This tax targets individuals involved in various professions, trades, and jobs throughout Karnataka, establishing a clear taxation framework.
Anyone participating in these professional activities is liable for this tax, and the duty of compliance varies depending on one’s employment status. For employees, their employers are responsible for deducting the correct professional tax from their salaries and submitting it to the state government according to the designated rates. Employers are also tasked with the registration process to secure the necessary professional tax registration certificates, ensuring that all legal requirements are fulfilled.
Self-employed individuals looking to adhere to professional tax regulations will find the process quite simple. They can register easily using their Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN) and proceed to make payments online. This user-friendly approach enables professionals to manage their tax responsibilities effectively within a 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