What is Professional Tax, Rates, Due Date, Compliance — Simpliance
Professional Tax is a state-level tax levied on individuals earning an income through employment, trade, or profession. The tax is governed by the respective State Governments and varies from one state to another. The tax is typically calculated as a percentage of the income earned, subject to a maximum limit. The amount of tax payable may vary depending on the salary bracket of the individual, and some states also provide exemptions or deductions based on factors such as age, gender, and occupation. Professional Tax is usually deducted at source by the employer and remitted to the State Government. Failure to pay the tax can result in penalties and legal action. Understanding the implications of Professional Tax is essential for individuals who earn a professional income. It is important to stay updated on the tax rates, exemptions, and deadlines to avoid any legal or financial implications. Simpliance provide comprehensive information on Professional Tax , including its implicati
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