The
Profession Tax assessment and collection is coming under the provision of tax
on professions, trades, calling & employments, under the Tamilnadu
Municipal Laws (Second Amendment) Act 1998 Profession Tax is higher source of
income next to Property Tax. The Profession Tax assessment is calculated
based of the Half Yearly gross income for the following categories.
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 138 C of Tamilnadu Municipal Laws Second Amendment Act 59 of 1998. The
tax rates are given below in the table in Form-2. for assessment of
Profession Tax has to make an application for registration.
Based on the gross income declared by the Half Yearly Profession Tax will be
calculated as per the Table given below:
After 10
Years the respective act has been amended he new slab is given below
|
||||||||||||||||||||||||||||||||||||
|
Notification 👉CHENNAI PT SLAB NEW 2018