Get the latest information about professional tax applicable in Assam along with the applicable guidelines.
It is a state-level tax that is levied by the Government of Assam on individuals who earn a regular income through their profession or employment. It is governed by the Assam Professional Tax Act, 2007, and the Assam Professional Tax Rules, 2008.
The professional tax in Assam is a tax on employment, profession, and calling. It is levied on employees and self-employed individuals who earn a regular income from their profession or employment. The amount of professional tax that an individual needs to pay in Assam depends on their monthly income and the category of employment or profession.
As per the current provisions, the professional tax rates in Assam are as follows:
|Monthly Income||Tax Amount|
|Up to Rs. 10,000||Nil|
|Between Rs. 10,001 and Rs. 15,000||Rs. 150 per month|
|Between Rs. 15,000 and Rs 25000||Rs. 180 per month|
|From Rs 25000 and above||Rs. 208 per month|
Self-employed individuals who earn an income from their profession or business are also required to pay professional tax in Assam. The tax amount for self-employed individuals depends on their annual turnover.
It is important to note that the payment of professional tax is mandatory and failure to pay the tax can attract penalties and legal action.
The due dates are as follows:
Monthly Returns: The due date for filing monthly returns is the last day of the following month. For example, the return for the month of January is due on or before the last day of February.
Annual Returns: The due date for filing annual returns is on or before the 30th of April of the following year. For example, the return for the financial year 2022-2023 is due on or before the 30th of April 2023.
It is advisable to comply with the due dates to avoid any unnecessary financial burden, penalties and interest charges.
The Professional Tax slab rates in Assam are as follows:
It is important to note that it is deducted by the employer from the employee’s salary at the time of payroll and deposited with the State Government. Failure to pay professional tax or delayed payment may result in penalties, therefore, compliance with the professional tax regulations in Assam is important to avoid any unnecessary financial burden.
In Assam, certain individuals and groups are exempted from paying it. Here are some of the exemptions:
It is important to note that individuals or groups claiming exemption from Professional Tax must provide relevant documents and proof of their exemption to their employers or to the concerned authorities.
You are required to follow certain steps to. You are required to fill out the Form 1.
Yes, payment of professional tax in Assam is necessary including 16 other states. Any delay in payment will attract penalty from government.
The professional tax charged varies from individual to individual from Rs 150 per month to Rs 2500 per month.
From salaried individuals to business owners everyone who is earning income is eligible to pay professional tax.
You are required to fill out Form I to pay the professional tax in Assam. If you want to pay the tax online, you are required to log in to the official website of the Government of Assam Commissionerate of Taxes.