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 .
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

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