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 that targets individuals across various professions, trades, and employment sectors nationwide. This tax is determined by the income earned from these activities and affects a wide array 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 applies to those earning over ₹25,000 a month, while in Andhra Pradesh, the threshold is ₹15,000. In West Bengal, it is set at ₹10,000; in Maharashtra, it’s ₹7,500; and in Tamil Nadu, the limit is ₹21,000. This tax is an important revenue stream 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 various government branches, is likely familiar with the complexities of Professional Tax in India. This tax is automatically withheld from their monthly earnings, visibly noted on their pay slip and included in the annual Form-16, which plays an important role during tax submissions. Therefore, it’s vital for all salaried individuals to keep abreast of the updated tax rates, which are generally revised every six months, to maintain compliance and effectively plan their finances. Grasping these regulations aids in ensuring precise tax payments and contributes to better overall financial well-being.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) made a noteworthy decision to increase tax rates by 35% for employees earning over Rs 21,000 each month. This resolution highlights that the governing board will review these tax rates every five years.
For the fiscal year 2024-2025, the local authority has implemented a significant rise in the semi-annual tax for salaried individuals. Those earning between Rs 21,000 and Rs 30,000 will now pay Rs 180, up from the previous Rs 135.
For those with salaries between Rs 30,001 and 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 see their tax increase to Rs 930, up from Rs 690.
It’s worth mentioning that for salaried workers making between Rs 6,000 and Rs 75,000, the professional tax rates will stay the same, with individuals still required to pay Rs 1,025 and Rs 1,250 respectively. As always, there is no professional 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, the Professional Tax applies to both genders, albeit with distinct tax brackets based on their monthly income. For male employees, there’s no tax if their earnings are Rs. 7,500 or less each month. However, those who make between Rs. 7,501 and Rs. 10,000 must pay a monthly tax of Rs. 175. For individuals earning more than Rs. 10,000 per month, the annual tax rises significantly to Rs. 2,500. To clarify these tax rates and structures, a detailed table has been provided below to illustrate all pertinent categories and factors.
| 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 specific tax obligations for individuals earning a salary or wage. Those making Rs. 25,000 or more each month are mandated to pay a monthly professional tax of Rs. 200. This tax targets individuals engaged in various professions, trades, and employment within the state, establishing a clear framework for taxation.
Everyone involved in these professional activities must adhere to this tax requirement, with compliance responsibilities varying based on employment type. For salaried workers, employers play a vital role by deducting the appropriate professional tax from their employees’ wages and forwarding it to the state government as per the prescribed rate structure. Furthermore, employers are tasked with securing the necessary professional tax registration certificates to fulfill their legal duties.
Self-employed individuals looking to meet 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 make payments online. This user-friendly approach enables professionals to efficiently manage their tax responsibilities in an increasingly digital world.
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