Profession Tax Registration
Profession Tax Registration (Chennai)
The Profession Tax assessment and collection is coming under the provision of tax on professions, trades, calling & employments, under the Tamil Nadu Municipal Laws (Second Amendment) Act, 1998.
The Profession Tax assessment is calculated based on the half yearly gross income for the following categories:
Every Company transacts business and every person who is engaged actively or otherwise in any Profession, Trade, Calling and Employment with the Greater Chennai Corporation city limits has to pay half-yearly Profession Tax, as per section 138C of Tamil Nadu Municipal Laws Second Amendment Act 59 of 1998.
The Greater Chennai Corporation will assign a permanent number in the style of PTNAN.
Based on the gross income declared by the Half Yearly Profession Tax will be calculated as per the Table given below:
| Average Half-Yearly Income | Half yearly Profession Tax w.e.f. 01.04.2018 (Rs.) |
|---|---|
| <21000 | Nil |
| 21001 – 30000 | 135 |
| 30001 – 45000 | 315 |
| 45001 – 60000 | 690 |
| 60001 – 75000 | 1025 |
| >75001 | 1250 |