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 |