How is Professional Tax Calculated?
Introduction to Professional Tax Calculation
Professional tax is a state-level tax imposed on individuals who earn an income through employment
Determining Applicable Slab Rates
Professional tax slabs vary from state to state. The tax amount is typically based on income brackets
Calculation Example
Income up to Rs.10,000: No tax
Income between Rs.10,001 and Rs. 15,000: Rs. 100
Income above Rs. 15,000: Rs.200
Deduction and Payment
Professional tax is usually deducted by the employer from the employee's salary
Compliance and Variations
It's important to stay compliant with professional tax regulations
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