#Salary slip sample for 25000 registration#
Get Professional Tax Registration Professional Tax Slab in Tamil Nadu Monthly salary (₹) Professional Tax Slab in Kerala* Monthly salary (₹) The web professional tax slab is depicted below in tabular form- Monthly salary (₹) For illustration, we will have a look at the professional tax slabs in three states, West Bengal, Kerala and Tamil Nadu The professional tax rates and slabs vary from one state to another. What are the professional tax rates or slabs?
The self-employed individuals need to get a ‘Certificate of Enrolment’ from the concerned State authority for deduction of professional tax from salary and pay to the Government. Professional tax payment is allowed as a deduction from taxable income as per the Income-tax Act, 1961.įor salaried employees, professional tax is deducted from salary by the employer and is paid to the concerned department of the State Government. However, no state can levy professional tax beyond ₹ 2,500 on any taxpayer in a year. In all the States where it is applicable, this tax is charged based on professional tax slabs as enacted by the respective States. Many Indian states have opted not to exercise this right as well.
How is professional tax deducted from the salary?Īs per provisions mentioned in Clause (2), Article 276 of the Indian Constitution, the right to levy and collect professional tax is bestowed on the State Governments. This tax is levied on any individual who earns a livelihood through profession, employment, trade or calling. Unlike suggested by the term, professional tax is not a tax levied on the professionals alone.
In this blog, we are giving a true picture of professional tax details, professional tax rates, and their compliances. Many people wonder why the deduction of professional tax from salary is necessary and why it appears in their Form 16 or payslips. We receive a lot of questions from working individuals regarding what is a professional tax and how is Professional Tax Deducted from Salary. We wish that they keep up with the progressive nature at work front and strive to excel always.The Maharashtra Government has recently amended rule 11(3) and rule 28(1) of the Maharashtra State Tax on Professions, Trades, Callings and Employment Rules, 1975. Vide this, the professional tax liability limit for submission of returns (for certain groups of people) has been increased from Rs.50, 000 to Rs.100, 000. In the end, I would like to congratulate all of them on behalf of the company authorities for excelling in their performance. The incentives decided for each team member of these two departments is as per Bonus or Incentive Plan Payment Letter template are: The calculated incentives are on the flat 20 percent of the total monthly salary. It is their willingness to excel on the work front that has made it essential for the company to reward them with valuable incentives. Of course, the credit goes to effectual team management skills of the Head of the Departments and sheer hard work of employees. Apart from completing targets well on time, all of the team members have exceeded the targets too. We would like to inform you that the Marketing as well as Finance departments of our company have performed exceedingly well in the last quarter of their work. Subject: Informing about the incentives for team members Head of Marketing and Finance Department,
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