What is the procedure for professional tax payment in Tamil Nadu?
Tamil Nadu Professional Tax Online Payment
Is professional tax deducted every month in Tamil Nadu?
Collection of professional tax within the state is under the charge of the Commercial Tax Department of Tamil Nadu. Everyone engaged in a trade, profession, job, or calling within the Greater Chennai municipal must pay professional tax in every six months, under Tamil Nadu Municipal Laws (Second Amendment) Act, 1998.
How many employees required for professional tax registration in Tamil Nadu?
There is no specific number of employees required to pay professional tax. The employer has to deduct professional tax from all his employees. It is so because every individual with an income is liable to pay the tax.
How do I pay professional tax in India?
One would need to register on the online professional tax portal of the state where the business is located. This should provide the taxpayer with the registration number. Once the details are verified and the certificates issued, individuals can start clearing their professional taxes online.
How to find assessment number for professional tax in tamilnadu?
1) Select PROJECT / CAF from the drop-down menu. 2) Click on the Apply button and the Page would get redirected to Issue of Assessment Number for Professional Tax Portal. 3) Enter all the mandatory details in the application for Professional tax.
What are the professional tax rules in Tamilnadu?
| Act | The Tamil Nadu Municipal Laws (Second Amendment) Act, 1998 | |
|---|---|---|
| Salary (INR) | PT Amount | Remarks |
| Upto 21000 | ₹ | Nil |
| Between 21001 To 30000 | ₹ 135.00 | |
| Between 30001 To 45000 | ₹ 315.00 | |
Who are exempted from professional tax in Tamilnadu?
The following is a short list of individuals who are exempted from the profession tax in Tamil Nadu: Anyone who is above 65 years of age. Guardians or parents of children with mental disability. Women agents involved exclusively under the Director of Small Savings or Mahila Pradhan Kshetriya Bachat Yojana.
How can I register for professional tax in Coimbatore online?
Professional tax registration in Coimbatore can be obtained through IndiaFilings. The maximum amount to be paid as professional tax is Rs. 2500. The amount is, however, depending on the gross income of the professional.
How many people are employed in Tamil Nadu?
Number of people employed
Tamil Nadu employment was at level of 25.2 million persons in March 2023, down from 26.5 million persons previous month, this is a change of 4.85%.
Who is exempted from professional tax in Maharashtra?
Who is exempt from professional tax in Maharashtra? Senior citizens, specially-abled individuals with more than 40% disability, badli workers, and parents of specially-abled children do not have to pay professional taxes.
How can I avoid professional tax in India?
- Parents or guardians of children with a mental disability or permanent disability.
- An individual suffering from a permanent physical disability including blindness.
- Any individual of above 65 years.
Who needs to pay professional tax in India?
An employer (corporates, partnership firms, sole proprietorship, etc.), also being a person carrying on trade/profession, is also required to pay professional tax on his trade/profession again subject to the monetary threshold, if any, provided by respective state's legislation.
How can I pay professional tax online in India?
- Enrollment No.:
- Registration No.:
- Government ID:
- Application No.: Note: If you do not have any application number, Click here to apply for new enrollment.
Can we pay land tax online in Tamilnadu?
Citizen can register in the portal and can make the payment of various taxes. They can view the Tax demand, pay their dues and can download their receipts in Tamil also, as the portal available bilingually.
How to calculate property tax in Tamil Nadu?
Property tax in Tamil Nadu is typically calculated based on the property's annual rental value or its deemed annual rental value, with rates varying for residential and commercial properties. The assessment process may consider factors like location, property type, and usage. When is property tax due in Tamil Nadu?
How do I pay my TN property tax online?
- Visit the official website of your local municipality.
- Log in with your credentials. ...
- Click on the tab, 'Property Tax'
- Choose your property type and the assessment year.
- Fill in other details such as the owner's name, property identification number and other relevant information.
What is Income Tax Act for professionals?
Benefits of Section 44ADA of the Income Tax Act
Section 44ADA provides several important benefits to eligible professionals and freelancers in India. It allows for a simple and hassle-free tax filing process. With no need to maintain accounting books under Section 44AA, it saves time and effort for small businesses.
How is vacant land tax calculated in Coimbatore?
As per Council Resolution No. 208 dated 29.12. 2011,VLT is calculated, 40 to 60 paise per sq. ft in the old corporation 60words & 10 to 40 paise per sq.
What is profession tax in Maharashtra?
| Act | The Maharashtra State Tax On Professions, Trade, Callings And Employments Act, 1975 | |
|---|---|---|
| Upto 7500 | ₹ 0.00 | Nil for Male Employees |
| Between 7501 To 10000 | ₹ 175.00 | For Male Employees |
| Above 10000 | ₹ 200.00 | For Male Employees |
| Above 10000 | ₹ 300.00 | Employer has to deduct on February month only for Male Employees |
What is the penalty for late payment of professional tax in Telangana?
Failure to make payment before the due date may cost you hefty penalty of 25% to 50% on the total outstanding tax amount.
What is the interest on late payment of professional tax in West Bengal?
Ans: For a registered employer, Profession Tax should be paid by 21st day of the next month of the month on which salary/wages is disbursed (except for the return-month, where tax is to be paid before the return is filed). Late payment of tax attracts interest @ 1 % per month or part there-of.
What is Section 138 C of Tamil Nadu Municipal Laws Second Amendment Act 59 of 1998?
Every Company transacts business and every person who is engaged actively or otherwise in any Profession, Trade, Calling and Employment with the Greater Chennai Corporation city limits has to pay half-yearly Profession Tax, as per section 138C of Tamil Nadu Municipal Laws Second Amendment Act 59 of 1998.
Where can I pay professional tax in Coimbatore?
- Coimbatore Corporation (North Zonal Office) 3.676 Ratings. ...
- Coimbatore Corporation West Zonal Office. ...
- Coimbatore Corporation (South Zonal Office) ...
- Coimbatore Corporation (East Zonal Office) ...
- Kpmg India Pvt Ltd. ...
- Jmks Consultants Pvt Ltd. ...
- Gupta And Associates. ...
- B K Sandbhor & Co.
What is the source of income in Coimbatore?
Economy of Coimbatore is heavily influenced by information technology, engineering and textiles. Coimbatore is called the Manchester of South India due to its extensive textile industry, and IT industry, small and medium scale enterprises.
Which is the richest city in Tamil Nadu?
Welcome to Kanniyakumari. The southernmost district in mainland India, Kanniyakumari is the richest district in Tamil Nadu in terms of per capita income and tops the state in Human Development Index (HDI), literacy and education.
