Home - Taxation - Income Tax - What is the Maximum Amount For Professional Tax Deducted ?

What is the Maximum Amount For Professional Tax Deducted ?

Professional Tax is the state tax deducted by the professional employed with any organization as per section 16(iii) of Income tax act.

Professional tax levied on employment by state under article 276(2) of the Constitution is allowed as a deduction from the Salary income.

As per article 276(2) of the constitution ,State Govt , municipality or other authority which is authorized under article 276(2) can impose professional tax on employment from a person maximum up to 2500/year. – 

For the latest Banking updates, follow AskBankings on Twitter, Facebook, and subscribe to our YouTube channel

Get Daily Updates On Banking, Enter your email address:

Leave a Reply

Be the First to Comment!

Notify of

Check Also

Download income tax calculator AY 2017-18

Download Income Tax Calculator FY 2016-17, AY 2017-18 in Excel Format

Income Tax Calculator for FY 2016-17 and AY 2017-18 is now available for download in ...