Who are eligible for professional tax in Odisha?


Act The Orissa State Tax On Professions, Trades, Callings And Employments Act, 2000
Upto 160000 ₹ 0.00 Nil
Between 160001 To 300000 ₹ 1500.00
Above 300001 ₹ 2500.00
Filing Of Returns

Is professional tax applicable in Odisha?

The Commercial Taxes Department regulated under the Odisha Government is responsible to collect Professional Tax from various professionals in the state. As per the provisions of Odisha Professional Tax Act, 2000, an individual is levied to pay a Professional Tax with a minimum of Rs. 125 and a maximum of Rs.

What is the rule for professional tax?

A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. According to Section 16 (iii) of the Income Tax Act 1961, the profession tax paid by an employee is allowed as a deduction from his/her gross salary income.

What is the exemption limit for professional tax?

Thus, it is essential for every employer to deduct professional tax on salary, although there are a few exemptions related to this. Professional tax in India varies from state to state. The maximum amount of professional tax cannot exceed Rs. 2,500 annually.

Is professional tax registration mandatory for GST registration?

Hi, – Professional tax is a state tax. You need to register under Karnataka act and should pay tax from the commencement of business.

How can I pay my professional tax online in Odisha?

Steps to Pay Commercial Tax in Odisha

  1. Step 1: Visit the Treasury Department Website of Odisha.
  2. Step 2: Click on Commercial tax.
  3. Step 3: Fill information asked for in the above form.
  4. Step 4: After filling all the fields Click on Next.
  5. Step 5: Enter Depositor Details.
  6. Step 6: Click on Next.
  7. Step 7: Confirm Details.

Is it mandatory to deduct professional tax?

It is also payable by members of staff employed in private companies. It is deducted by the employer from their employee every month and remitted to state exchequer and in some states sent to the Municipal Corporation. It is mandatory to pay professional tax.

How can I save my professional tax?

Save Income Tax on Salary

  1. Deductions under Section 80C, Section 80CCC and Section 80CCD. Citizens of India can save tax under these 3 sections.
  2. Medical Expenses.
  3. Home Loan.
  4. Education Loan.
  5. Shares and Mutual Funds.
  6. Long Term Capital Gains.
  7. Sale of Equity Shares.
  8. Donations.

Is professional tax mandatory for sole proprietorship?

However, employers, whether being a company, partnership firm or sole proprietor, is also carrying on a profession/trade. Therefore they are also required to pay professional tax as per the threshold specified by the state government.

Is professional tax exempted?

The following individuals are exempted to pay Professional Tax: Parents of children with permanent disability or mental disability. Members of the forces as defined in the Army Act, 1950, the Air Force Act, 1950 and the Navy Act, 1957 including members of auxiliary forces or reservists, serving in the state.