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Hello Prajith,
The profession tax for the first half (April-September) of the year should be paid on or before August,31. Similarly, for the second half (October-March), the profession tax should be paid before the end of February. In case, the profession tax payment gets delayed, you will be liable to pay a penalty @1% per month. Also, a fine of Rs.5000 will be charged for non-payment of profession tax.
As per the Kerala Municipal Act, 1994, it is mandatory to pay profession tax for all employees or who are drawing a half-yearly salary of more than Rs.12,000. The profession tax assessment is done by the concerned municipal authority on a half-yearly basis.
The profession tax slab rates are as follows :
Income Slab (half-yearly) | Profession Tax (payable half-yearly) |
---|---|
Upto Rs.11,999 | Nil |
From Rs.12,000 to Rs.17,999 | Rs.120 |
From Rs.18,000 to Rs. 29,999 | Rs.180 |
From Rs.30,000 to Rs. 44,999 | Rs.300 |
From Rs.45,000 to Rs. 59,999 | Rs.450 |
From Rs.60,000 to Rs. 74,999 | Rs.600 |
From Rs.75,000 to Rs. 99,999 | Rs.750 |
From Rs.1,00,000 to Rs. 1,24,999 | Rs.1000 |
From Rs.1,25,000 and above | Rs.1250 |