Profession Tax or PT is a tax that the State Governments of India impose on salaried individuals working in government or non-government organizations or if they are professionals like Chartered Accountants, Doctors, Lawyers, etc.
For salaried employees, their employers will deduct professional tax from their salary per month and deposit it to the concerned authority. Self-employed professionals who don't work with any organization need to pay this tax by contacting local PT offices established for collecting tax.
The slabs for PT, differs from state to state and are updated regularly. Also different states have different rates and methods of collection.
greytHR software has the capability to help you manage the entire process seamlessly, and employers can use greytHR payroll software for any business.