Tuesday, 10 November 2015

What is professional Tax?


Professional Tax is the tax charged by the state govt. In india. Any one earning an income from salary or any one practising a professional such as chartered accountant, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection. In India, professional tax is imposed at the state level. However, not all states impose this tax. The following states impose this levy in India - karnataka, west bengal, Andhra Pradesh etc. Business owners, working individuals, merchants and people carrying out various occupations comes under the purview of this tax.