Professional Tax

• May 20, 2023
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Every salaried employee earning a monthly salary is required to pay a portion of his or her earnings to the separate state governments in the form of professional tax. This tax, known colloquially as P tax, is also recorded on a person's pay stub. Before paying an employee, a company deducts this tax amount from his or her monthly salary. Because the level of this taxation is determined by the state governments, it varies across India. As a result, a person working in Gujarat will not pay the same amount of professional tax as someone working in Maharashtra. Individuals who work for themselves, such as chartered accountants, doctors, lawyers, and others, must also pay professional taxes. However, in these circumstances, the professionals will be on their own to clear their tax bills. The applicable tax rate is determined by the individual's income and state of practice. In 1949, the professional tax was enacted. The cap for this tax was fixed at Rs.250 at the time. However, the cap was raised by Rs.2500 in 1988. However, the actual liability is determined by the employee's income bracket and state of employment. However, regardless of these two considerations, the monthly professional tax cannot exceed Rs.2500.

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