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Professional Tax is the tax levied and collected by the different State It
is an indirect tax. Governments of India on salaried people working in government or
non-government organizations, or in the practice of any profession, such as Doctors, CAs,
Lawyers, and many more, or carries out some kind of business, is required to pay this
professional tax.
Professional tax is obligatory at the state level in India. Various states have various rates
and techniques for assortment. The states which impose professional tax are Andhra Pradesh,
Assam, Chhattisgarh, Gujarat, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Meghalaya, Odisha,
Sikkim, Tamil Nadu, Telangana, Tripura, and West Bengal. Professional Tax is deducted from the
salary of the salaried employees by the businesses and the same is saved with the State
Government.
Professional Tax Registration is done by LegalRaasta.
Professional tax is levied and collected by Municipal Corporations of a specific state and most of the Indian states impose this duty. The professional tax is a source of income for the State Government which causes them in implementing plans for government assistance and improvement of the region. It is likewise payable by individuals of staff utilized in privately owned businesses. It is required to make professional tax. The pace of professional tax charged is predicated on the Income Slabs set by the various State Governments. The tax amount of professional tax paid during the year is permitted as Deduction under the Income Tax Act.
LegalRaasta was founded on the principle that sophisticated legal and taxation services should be simple, modern, and inexpensive. We can serve our clients more efficiently thanks to cutting-edge practise technology.
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