InvestorQ : Who has to pay professional tax in India?
Priyanka Singh made post

Who has to pay professional tax in India?

Sam Eswaran answered.
3 years ago

Professional tax is one of the significant deductions one can see in his/her payslip. It is a tax that is levied on all kinds of professions, employment and traded and it varies from profession to profession.

Professional tax is a deductible amount under Income Tax Act, 1961 and can be deducted from taxable income and it is applicable on the following:

  1. An individual

  2. A Hindu Undivided Family (HUF)

  3. A company/firm/co-operative society/***ociation of persons or a body of individuals, whether incorporated or not.