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Profession tax is the tax by the state governments in India. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection.
When this tax was first introduced in India, the maximum limit on the tax to be collected was Rs. 250. … Any amount paid as Professional Tax to the State Govt. is allowed as a deduction under Section 16 of the Income Tax Act and Income Taxon the Balance Amount is levied as per the Income Tax Slab Rates in force. Get a free consultation for Professional Tax Registration with Filling and Business Setup in India by Scheduling an appointment with an Adhimukti Associates Advisor.
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