What is Professional Tax and how do I enable it for my organization?
Professional Tax is a tax levied on all professionals and salaried individuals by the State Governments. Employees belonging to different salary slabs would need to pay different amounts as Professional Tax. The tax slabs vary for each state or municipality. The deduction cycle may be monthly, half-yearly or yearly depending on your state.
- Go to Settings in the top right corner and select Statutory Components.
- Switch to the Professional Tax tab and click Edit.
- Enter your Professional Tax Number.
- The tax slabs will be pre-configured based on your state.
- Click Save.