Question 1

What is the TDS rate chart with threshold limits for FY 2025-26?

Accepted Answer

Mizoram levies professional tax on a graduated monthly scale for salary and wage earners and on flat or turnover-linked annual rates for the enumerated non-salaried classes. Threshold: Total gross monthly income of Rs 5,000 for salary and wage earners; below that, nil. Fee basis: the Schedule (see section 4) notified by the Governor on 11 July 2024 under notification No. J.17011/1/2017-TAX, in supersession of notification No. J.17011/1/96-TAX dated 24 May 2013, with effect from assessment year 2023-24 with reference to total gross income during the return period 2024-25. The assessee may pay monthly or a stated annual lump sum. Slabs: Salary and wage earners: total gross monthly income does not exceed Rs 5,000 — INR 0; Salary and wage earners: exceeds Rs 5,000 but not Rs 8,000 (per month; or Rs 900 per annum lump sum) — INR 75; Salary and wage earners: exceeds Rs 8,000 but not Rs 10,000 (per month; or Rs 1,440 per annum lump sum) — INR 120; Salary and wage earners: exceeds Rs 10,000 but not Rs 12,000 (per month; or Rs 1,800 per annum lump sum) — INR 150; Salary and wage earners: exceeds Rs 12,000 but not Rs 15,000 (per month; or Rs 2,160 per annum lump sum) — INR 180; Salary and wage earners: exceeds Rs 15,000 but not Rs 20,000 (per month; or Rs 2,340 per annum lump sum) — INR 195; Salary and wage earners: exceeds Rs 20,000 (per month; or Rs 2,500 per annum lump sum) — INR 208; Legal practitioners including solicitors and notaries public (per annum) — INR 2500; Medical practitioners including medical consultants and dentists (per annum) — INR 2500; Technical and professional consultants including architects, engineers, chartered accountants, actuaries, management consultants, accountants (per annum) — INR 2500; Chief, principal, special and insurance agents, surveyors and loss assessors under the Insurance Act, 1938 (per annum) — INR 2500; Estate agents, promoters, brokers, commission agents, delcredere agents, mercantile agents (per annum) — INR 2500; Directors (other than government nominees) of companies registered under the Companies Act (per annum) — INR 2500; Contractors and suppliers of all descriptions: 2 per cent of the total contracted amount, capped (per annum) — INR 2500; Dealers with annual gross turnover on all sales less than Rs 20,000 — INR 0; Dealers with annual gross turnover exceeding Rs 20,000: 2 per cent of annual gross turnover, capped (per annum) — INR 2500; Owners of mechanical, electrical or electronic repair works including fabrication and furniture works: 2 per cent of gross annual turnover, capped (per annum) — INR 2500; Owners or lessees of petrol and diesel filling and service stations, LPG agents, distributors and retail dealers (per annum) — INR 2500; Mill owners of rice, atta, flour or oil other than notified cottage and tiny units (per annum) — INR 2500; Owners or occupiers of distilleries, breweries and bottling plants (per annum) — INR 2500; Licensed foreign liquor vendors and employers of residential hotels of three-star category and above (per annum) — INR 2500; Employers of residential hotels below three-star category (per annum) — INR 2500; Owners of restaurants, hotels and homestays where food is served (per annum) — INR 2500; Owners of private institutions, schools, hospitals, nursing homes, medical clinics, diagnostic centres, laboratories, health spas, beauty parlours and gyms (per annum) — INR 2500 Statute: The Mizoram Professions, Trades, Callings and Employments Taxation Act, 1995 (Act No. 7 of 1995), with the Mizoram Professions, Trades, Callings and Employments Taxation (Second Amendment) Act, 2002 (Mizoram Act No. 9 of 2002) Last session the PT schedule PDF 'returned as encoded/compressed streams the fetcher could not convert to text'. It is a normal text PDF; the text layer extracted cleanly once a proper PDF text extractor was used instead of an HTML-oriented fetcher. The full Schedule was read on the Taxation Department's own server at zotax.nic.in, under notification No. J.17011/1/2017-TAX dated Aizawl, 11 July 2024, issued under the proviso to section 4 of the 1995 Act. The commonly quoted flat Rs 2,500 per year figure from commercial sites is only the TOP salary slab and the flat professional rate; it is wrong for every salary band below Rs 20,000 a month. Note the department's own drafting quirk: the notification says 'with effect from the assessment year 2023-2024 with reference to the total gross income during the return period of 2024-2025'.

Question 2

Professional Tax Registration — rates and slabs — Himachal Pradesh

Accepted Answer

HP's Tax on Professions, Trades, Callings and Employments Act, 2005 is in force; salary/wage earners above Rs.4000/month are taxed on a slab basis, and numerous other classes of assessees (professionals, dealers, factory occupiers, companies, etc.) are taxed at fixed monthly rates under Schedule I. Threshold: Salary/wage earners; statutory cap is Rs.2500 per annum per person (Section 4(1)). Fee basis: monthly salary slab (Schedule I, item 1 - salary and wage earners) Slabs: Upto Rs.4,000/month — INR 0; Rs.4,001-10,000/month — INR 100; Rs.10,001-15,000/month — INR 150; Above Rs.15,001/month — INR 200 Statute: Himachal Pradesh Tax on Professions, Trades, Callings and Employments Act, 2005, Schedule I Schedule I also fixes flat monthly rates (mostly Rs.100-200/month) for legal practitioners, chartered accountants, architects, insurance agents, PWD contractors, company directors, dealers by turnover, factory occupiers, banking companies, medical practitioners, journalists, and many other named classes, several with their own income sub-slabs. Daily-wage earners, contract state employees, cooperative societies, small dealers (turnover upto Rs.4 lakh), agriculturists/rural artisans, freedom fighters, pensioners, and defence/paramilitary personnel are exempt under Schedule II. The document read at source is the Act as introduced/amended in 2005 (as hosted today on hptax.gov.in); a subsequent state notification revising these rates without republishing this document could not be ruled out.

Question 3

Professional Tax Registration — rates and slabs — Karnataka

Accepted Answer

Karnataka's Schedule is unusual: salaried employees face a single flat rate above one threshold rather than a graduated ladder, and almost every non-salaried class pays a flat Rs 2,500 per annum. Threshold: Monthly salary or wage of Rs 25,000; below that, nil. Fee basis: Schedule to section 3(2): flat monthly rate for salary and wage earners above a single threshold, and flat annual rates for the enumerated non-salaried classes Slabs: Salary or wage earners: monthly salary or wage below Rs 25,000 — INR 0; Salary or wage earners: monthly salary or wage Rs 25,000 and above (per month) — INR 200; Persons registered or liable to be registered under the Karnataka Goods and Services Tax Act, 2017 (per annum) — INR 2500; Self-employed professionals with more than two years' standing (legal practitioners, consultants, agents, chartered accountants, actuaries, engineers, health care professionals, estate agents or brokers, beauty parlours, dry cleaners, interior decorators, journalists, advertisement agencies, cable TV, computer and driving institutes, astrologers, vaastu consultants) (per annum) — INR 2500; Horse owners and trainers, jockeys, directors, actors and actresses (excluding junior artists), owners of oil pumps, service stations, gas stations and electric charging stations, owners of nursing homes, hospitals, diagnostic centres, clinical laboratories and X-ray clinics other than government-run, owners of gymnasiums and fitness centres (per annum) — INR 2500; Educational institutions and tutorial colleges or institutes other than those run by the Central Government, State Government and local bodies (per annum) — INR 2500; Employers of establishments defined under the Karnataka Shops and Commercial Establishments Act, 1961 employing more than five employees (per annum) — INR 2500; Licensed dealers of liquors, licensed money lenders, individuals or institutions conducting chit funds (per annum) — INR 2500; Owners of transport vehicles other than auto rickshaws, goods transport agencies and transport contractors including forwarding and clearing agents (per annum) — INR 2500; Cooperative societies registered under the Karnataka Cooperative Societies Act engaged in any profession, trade or calling (per annum) — INR 2500; Companies registered under the Companies Act engaged in any profession, trade or calling, and banking companies as defined in the Banking Regulation Act, 1949 (per annum) — INR 2500; Any other person engaged in any profession, trade, calling or employment who pays tax under the Income Tax Act, 1961 (per annum) — INR 2500; Any other person engaged in any profession, trade, calling or employment with a minimum of two years' standing and not exempted by State Government notification (per annum) — INR 2500 Statute: The Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976 (Karnataka Act 35 of 1976), as amended by Karnataka Act 14 of 2023 The entire Schedule (headed 'SCHEDULE [See Section 3(2)] Rates of tax on professions, trades, callings and employments', all twelve entries plus Explanations I to V) was read on the Karnataka professional tax portal's own PDF at ptax.karnataka.gov.in. Note the Explanations, which matter in practice: where a person falls under more than one entry, tax is payable under any ONE of them (Explanation I); no tax is levied on a partner of a firm if the firm itself pays (Explanation IV); and every ADDITIONAL PLACE of an enumerated person is treated as a separate person for levy, except a place used exclusively as a goods godown (Explanation V). The source PDF is filed on the department portal as the amendment bill schedule; no separate commencement date was printed on the face of the document, so no effective date is asserted here.

What is the TDS rate chart with threshold limits for FY 2025-26?

Professional Tax Registration — rates and slabs — Mizoram

Professional Tax Registration — rates and slabs — Himachal Pradesh

Professional Tax Registration — rates and slabs — Karnataka

Professional Tax Registration — rates and slabs — Maharashtra

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