A professional tax can be defined as an indirect tax levied by the government of a state on all individuals who earn income from salaries or practice professions such as chartered accountants, company secretaries, lawyers, doctors, etc. Individuals who earn income must pay this professional tax. This type of tax must be paid by all…
Tag: p tax registration
How Does Professional Tax Work? P Tax Slab Rates and How to Pay
Taxation for professionals In the payslips/Form 16 issued to salaried individuals who work and earn a monthly income, the term ‘professional tax’ is often referred to. Professional tax is deducted from salary income, but why? Here, you’ll find information about professional tax, including its slab, online payment, and frequently asked questions. A salaried individual who…