Professional Tax Hiked in the STATE AP
There's as good news for all the employees who are in receipt
of salary less than Rs. 5000. The state government of AP has rationalized the
tax regime which will burden others, but relief for those bearing a salary
below 15000/-
Earlier the professional Tax was to be paid for salary
starting from rs.5000/- which now enhanced to rs.15000 pm. The professional Tax
now will be paid rs150 for salary ranging between 15000 to 20000 and rs.200 for
the category of the employees for salary above rs.20,000
Followed by the Professional Tax the annual turnover
limit for registered VAT dealers has
also been raised from 5Lakh to 10 Lakhs
for small Service Providers. The collection of professional Tax is expected to
increase to the collection so far. The levy of tax is as follows
Name of the profession
|
Tax to be paid now
|
Tax that was paid previously
|
Journalists
|
2500 pa
|
550 pa
|
Engineers and Architects
|
2500pa
|
Note 1
|
Film Writers, Cameramen and Still photographers
|
2500pa
|
|
Junior Artistes and Musicians
|
1250pa
|
550pa
|
Insurance Agent and Surveyors
|
2500pa
|
500pa
|
Jockey’s licensed by Turf Clubs
|
1250pa
|
Note1:
for engineers and architects below 5 years of experience no need to pay any tax .
for engineers and architects below 5 years of experience no need to pay any tax .
Others:
For Owner of transport Vehicles owing more than 3 vehicles tax was hiked to 2500pa which previously was 750 pa per vehicle. For the Hotels below Turnover of 10 Lakhs Zero tax and
For hotels having a Turnover limit ranging between 10 to 50 lakhs 1250 pa
for Hotels above 50 lakhs of Turnover Limit 2500pa
For Owner of transport Vehicles owing more than 3 vehicles tax was hiked to 2500pa which previously was 750 pa per vehicle. For the Hotels below Turnover of 10 Lakhs Zero tax and
For hotels having a Turnover limit ranging between 10 to 50 lakhs 1250 pa
for Hotels above 50 lakhs of Turnover Limit 2500pa
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