Compliance calender

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.

 

ABS Team

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