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Individuals who have joined a job or started a new business in Jharkhand must know about professional tax payment. Professional tax is a tax that a State Government imposes on individuals or organisations earning an income through any medium. This piece thoroughly discusses various aspects of professional tax in Jharkhand. Stay tuned!
Jharkhand State Government levies a professional tax on an individual or body earning income through trades, callings, professions and employment.
The Jharkhand State Tax on Professions, Trades, Callings and Employment Act 2011 was implemented with the aim of imposing a tax on professions, employments, trades, and callings. This tax is applicable to the entire Jharkhand state.
Individuals can refer to the table mentioned below to learn about the professional tax rate in Jharkhand.
|
Salary (Yearly) |
Professional Tax Amount Payable (Yearly) |
|
Up to ₹ 3,00,000 |
Nil |
|
From ₹ 3,00,001 to ₹ 5,00,000 |
₹ 1,200 |
|
From ₹ 5,00,001 to ₹ 8,00,000 |
₹ 1,800 |
|
From ₹ 8,00,001 to ₹ 10,00,000 |
₹ 2,100 |
|
Above ₹ 10,00,001 |
₹ 2,500 |
The State Municipal Corporations are responsible for collecting P tax in Jharkhand.
This authority collects professional tax from the following individuals, who can be categorised as per their employment status,
Here is a step-by-step guide to paying P tax in Jharkhand,
Assessees registered before 31st May of a year must pay P tax in Jharkhand (for each quarter) before 30th June of that year.
Assessees registered after 31st May are liable to pay P tax in Jharkhand (for each quarter) within one month of registration.
Other assessees must pay P tax in Jharkhand within 15 days of the month after the expiry of a quarter.
Assessees neglecting the guideline of the Jharkhand Profession Act may have to pay a hefty penalty, ranging from ₹ 500 to ₹ 5,000. In case of continuation of such offence, assessees have to pay ₹ 10 per day during such period.
Note: Assessee refers to an individual or employer who is liable to pay under this Jharkhand Professional Tax Act.
Here is a list of individuals, who need not pay P tax in Jharkhand,
Pay attention to the payment process of professional tax in Jharkhand and due dates so that you can avoid unnecessary expenses, i.e. penalty charges.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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