Profession Tax as per Kerala Municipal Act, 1994 (Section 254)
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BY lijo.abraham
7 years ago
Quality-Assurance
19 comments comment

As per the as per Kerala Municipal Act, 1994 (Section 254) it is mandatory for all employees who are drawing a half yearly salary of more than Rs. 12,000/- to pay profession tax. This tax is to be paid to the respective corporation/ municipality in which the company is situated. The tax slab is as mentioned in the below table.

Sl.No Half Yearly Income Half Yearly Tax
1 Rs 12,000 to Rs 17,999. Rs 120
2 Rs 18,000 to Rs 29,999 Rs 180
3 Rs 30,000 to Rs 44,999 Rs 300
4 Rs 45,000 to Rs 59,999 Rs 450
5 Rs 60,000 to Rs 74,999 Rs 600
6 Rs 75,000 to Rs 99,999 Rs 750
7 Rs 1,00,000 to Rs 1,24,999 Rs 1,000
8 Rs 1,25,000 and above Rs 1,250

The Profession Tax for the first half year (April – September) should be paid on or before August 31 and for the second half year (October – March) should be paid on or before February end. Normally the Secretary, Corporation/Municipality will issue a notice to the Managing Director/ Owner of the company to intimate the payment of profession tax for the corresponding period.

The delayed payment will attract a penalty at the rate of 1% per month. Also the penalty for not paying the profession tax will charge a fine of Rs. 5000/-.

For the submission of profession tax, it is mandatory that the below details are furnished.

Sl.No Name Designation Monthly Salary Salary x 6 months Profession Tax
           

For the calculation of salary, Basic, Special Allowance, Dearness Allowance, Bonus, Extra Income (arrears, leave surrender etc if any) to be added. Again a declaration by authorized authority that we have included all the employees for the payment of profession tax, company seal, authorized signatory are also essential. The photocopy/ original of the profession tax payed for the previous period (if available) is to be submitted while submitting the tax.

On submission of tax, the company will be issued with a receipt by Secretary, Corporation/ Municipality.


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on 19th October 2012 / by lijo.abraham
As per the as per Kerala Municipal Act, 1994 (Section 254) it is mandatory for all employees who are drawing a half yearly salary of more than Rs. 12,000/- to pay profession tax. This tax is to be paid to the respective corporation/ municipality in which the company is situated. The tax slab is as mentioned in the below table. Quality Assurance Testing Checklist Test Case Search Field Leave a reply Your email address will not be published. Required fields are marked * Gopkumar (not verified) access_time 24 May 2020 - 14:33 I am starting a small firm in Panchayat / Municipal area of Trivandrum (Kerala). While keeping myself abreast of statutory regulations, I could see that Professional Tax of every employee as per their status of salary is to be collected from every employee and remitted to the concerned Panchayat or Municipality. Now I am told that in addition to the tax collected from every employee, my organization also has to pay Tax. Is it true ? I could not see this in the Rules. Can you please guide me ? Joby.P.K (not verified) access_time 24 May 2020 - 14:33 My friend is getting an amount of Rs. 12000/- as monthly honorarium continuously from a government office. Hence it may be clarified that whether he is liable to remit profession tax since he is receiving payment as honorarium. The matter may kindly be clarified along with a copy of Govt. Order if possible. JOSEPH (not verified) access_time 24 May 2020 - 14:33 We got a notice from thrikkakara municipality for institution tax for employment. please tell the provisions of kerala municipal act about institutions tax laibility for employment. Adarshmv86 (not verified) access_time 24 May 2020 - 14:33 Hi sir, am working in as HR execuite in a pvt firm regd under kerala shops ans commercial establishment. I want to know that if there is any process of registraion for payment of PT in to muncipality. sheelamichayel (not verified) access_time 24 May 2020 - 14:33 In reply to Professional tax by Adarshmv86 (not verified) I want to know in favour of whom the PT cheque shoule be made. Add new comment
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author-image
Gopkumar (not verified)
access_time 24 May 2020 - 15:58

I am starting a small firm in Panchayat / Municipal area of Trivandrum (Kerala). While keeping myself abreast of statutory regulations, I could see that Professional Tax of every employee as per their status of salary is to be collected from every employee and remitted to the concerned Panchayat or Municipality. Now I am told that in addition to the tax collected from every employee, my organization also has to pay Tax. Is it true ? I could not see this in the Rules. Can you please guide me ?


author-image
Joby.P.K (not verified)
access_time 24 May 2020 - 15:58

My friend is getting an amount of Rs. 12000/- as monthly honorarium continuously from a government office. Hence it may be clarified that whether he is liable to remit profession tax since he is receiving payment as honorarium. The matter may kindly be clarified along with a copy of Govt. Order if possible.


author-image
JOSEPH (not verified)
access_time 24 May 2020 - 15:58

We got a notice from thrikkakara municipality for institution tax for employment. please tell the provisions of kerala municipal act about institutions tax laibility for employment.


author-image
Adarshmv86 (not verified)
access_time 24 May 2020 - 15:58

Hi sir,
am working in as HR execuite in a pvt firm regd under kerala shops ans commercial establishment.
I want to know that if there is any process of registraion for payment of PT in to muncipality.


author-image
sheelamichayel (not verified)
access_time 24 May 2020 - 15:58

In reply to by Adarshmv86 (not verified)

I want to know in favour of whom the PT cheque shoule be made.