Tax Slabs in India
The set of professional tax slabs in India is different for all the 28 states, and some states have formulated different professional tax slabs for men, women, and senior citizens.
Maharashtra's Tax Slabs:
The professional tax slabs in India are applicable to citizens involved in any profession or trade. The state governments are empowered to structure and formulate the professional tax criteria and collect funds through professional tax. Professional taxes are charged on individuals' incomes, business profits, or vocational gains, as per List II of the Indian Constitution. Maharashtra, the commercial capital of India, follows the following professional tax slab:
Income Monthly Professional Tax
Less than Rs. 2500 Nil
Between Rs. 2500-3500 Rs. 60
Between Rs. 3500-5000 Rs. 120
Between Rs. 5000-10000 Rs. 175
Beyond Rs. 10000 Rs. 200
Tamil Nadu's Tax Slabs:
The professional tax slab structure in Tamil Nadu on a half-yearly basis is as follows:
Income Monthly Professional Tax
Less than Rs. 21000 Nil
Between Rs. 21001-Rs. 30000 Rs. 75
Between Rs. 30001-Rs. 45000 Rs. 188
Between Rs. 45001- Rs. 60000 Rs. 390
Between Rs. 60001- Rs. 75000 Rs. 585
Beyond Rs. 75001 Rs. 810
West Bengal's Tax Slabs:
West Bengal has created its professional tax slab structure to inform residents about deductions from their incomes. The professional tax slab in West Bengal is categorized as follows:
Income Monthly Professional Tax
Less than 1,500 Nil
Between Rs. 1501- Rs. 2001 Rs. 18
Between Rs. 2001 - Rs. 3001 Rs. 25
Between Rs. 3001- 5001 Rs. 30
Rs. 5001 Rs. 40
Between Rs. 6001 -7001 Rs. 45
Rs. 7001 Rs. 50
Rs. 8001 Rs. 90
Rs. 9001 Rs. 110
Rs. 15001 Rs. 130
Rs. 25001 Rs. 150
Beyond Rs. 40001 Rs. 200
Delhi's Tax Slabs:
The tax structure in Delhi is categorized into professional tax for corporate professionals, non-corporate professionals, corporate contractors, and non-corporate contractors. The professional tax rates vary for different categories. The professional tax slabs in Delhi for various income groups are structured as follows:
Income Percentage of Professional Tax
Less than Rs. 1,10,000 Nil
Between Rs. 1,10,000-Rs. 1,45,000 Nil
Between Rs. 1,45,000-Rs. 1,50,000 10%
Between Rs. 1,50,000-Rs. 1,95,000 20%
Between Rs. 1,95,000-Rs. 2,50,000 20%
Beyond Rs. 2,50,000 30%
Delhi also has a different professional tax slab for people with income beyond Rs. 10,00,000, who are required to pay a surcharge of 10% of their income. The tax structure in Delhi includes an education cess, calculated by aggregating the tax and surcharge amounts, then deducting 2% as the education cess. Partnership companies in Delhi pay a surcharge of 10% of profits, with an additional 2% as education cess. The effective tax rate for partnership firms is 33.66%.
Regards,
Sujan
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