News : Basic rates of Wages has been revised w.e.f. 27/03/2023    |  ESIC - Mandatory Seeding of UAN of Insured Persons    |  No ESI contribution on Conveyance Allowance from 8.3.2021    |  

SOHAIL & CO.: PROFESSIONAL TAX ACT

FOR EMPLOYERS

Schedule of Annually rate of tax on establishment, professionals, traders etc…

Annual Turnover Rate of Professional Tax
0 to 2.5 Lacs Nil
2.5 Lacs to 5 Lacs 500
5 Lacs to 10 Lacs 1250
10 Lacs and above 2400
Professionals, job workers, banks, Institutes, Contractors etc... 2000 fix

Note: Last date of payment is 30th June of next year otherwise Simple Interest @ 12% is charged Separately on delayed payment

FOR EMPLOYEES

Schedule of Monthly rate of tax on employees:

Monthly Drawing Salary Rate of Professional Tax
0 to 5999 Nil
6000 to 8999 80
9000 to 11999 150
12000 & above 200