Monday, March 20, 2017

Professional Tax

          Professional tax is tax payable to the government in India and is mandatory just like income tax. The tax is levied on salaried individuals or people practicing professions such as doctor, lawyer, chartered accountant, etc. The tax has to be paid to the state government by the owner of the business. Applicability of professional tax is well stated in article 276 of Constitution of India. The maximum amount payable as professional tax is Rs.2,500 per year. Professional tax is one of the main sources of revenue for the government in India.

Andhra Pradesh Professional Tax Slab Rate:

Andhra Pradesh has its own professional tax slab rate. The professional tax slab rate is revised every year. Given below is the professional tax slab rate of Andhra Pradesh depending on the salary.
Monthly IncomeProfessional Tax Levied
For salary up to Rs.15,000Nil
For salary between Rs.15,001 to Rs.20,000Rs.150 per month
For salary of Rs.20,001 and aboveRs.200 per month

G.O. on Andhra Pradesh Professional Tax

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