The Greater Chennai Corporation, by way of a council resolution dated 11-May-2018, has made changes to Profession Tax. The revised tax slabs for salaried employees in Chennai are as follows.
| Salary for the half year in Rs | Profession Tax for the half year in Rs |
|---|---|
| Less than or equal to 21,000 | Nil |
| 21,001 – 30,000 | 135 |
| 30,001 – 45,000 | 315 |
| 45,001 – 60,000 | 690 |
| 60,001 – 75,000 | 1025 |
| 75,001 and above | 1250 |
As you may observe, the half-yearly Profession Tax for the highest salary slab (Rs 75,001 and above) is now Rs 1,250, the maximum permissible levy under Article 276(2) of the Constitution of India.
The new Profession Tax rates are effective from the first half (Apr to Sep) of the financial year 2018-19.
You can download the announcement here.
2 Comments
Is PT in Tamilnadu deducted on Municipal corporation wise.
Registered office is in Delhi and branches in Tamilnadu across multiple location.
PT in TN is based on the rates set by each municipal corporation/panchayat where offices are located.