Professional tax意思

"Professional tax" is a type of tax that is levied by some state governments in India on individuals who are engaged in a profession, such as doctors, lawyers, chartered accountants, and other similar professionals. The tax is usually deducted by the employer from the salary of the professional and is used to fund local bodies such as municipalities and corporations.

The Professional Tax is governed by the provisions of the respective state taxation laws, and the rates and exemptions vary from state to state. For example, in the state of Karnataka, the tax is known as Professional Tax, while in the state of Maharashtra, it is known as Professional Tax.

It is important for professionals to pay this tax as it is a mandatory requirement and failure to do so can result in penalties and interest. Employers are also required to deduct the tax from the salary of their employees and remit it to the government.