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Andhra Pradesh Professional Tax Slab Rate FY 2015-16

by Askbanking March 7, 2016May 8, 2021 Professional TaxLeave a comment

Andhra Pradesh Professional Tax Slab Rate FY 2015-16 – As per the Income Tax rule by Clause (2) of Article 276 of the Constitution of India Professional Tax is a specific type of Tax which is levied by the State in India on the Income earned through profession or employment. Professional Tax was first levied in year 1949 as […]

Income Tax

What is the Maximum Amount For Professional Tax Deducted ?

by Askbanking July 24, 2014May 8, 2021 Income TaxLeave a comment

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 […]