Professional tax is a tax levied by the state government on individuals who earn a living through salary. Since it is levied by the state government, each state has a slab, and the professional tax is deducted based on these slabs.
The Professional Tax slab rates in Punjab are as follows:
|
Class of persons
|
PT/Month
|
|---|---|
| All such persons who are assessable under the Head Income from salaries and or wages as per Income Tax Act, 1961. | Rs. 200 |
| All such persons who are assessable under the Head Income from business and or profession as per Income Tax Act, 1961. | Rs. 200 |
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