Odisha Professional Tax Schedule specified the rate at which the professional tax will be paid. The professional tax slab rates in Odisha for FY 2022-23 are given below. If you want to know more about professional tax, feel free to contact us we will be happy to help you.
A - Employer: It is required to deduct P. Tax from Salary or Wages at the rate mentioned below.
|Monthly Gross Salary||(PT Amount)|
|Up to Rs. 13,333/-||Nil|
|Rs. 13,334 - Rs. 25,000/-||Rs. 125|
Above Rs. 25,000/- (For the first 11 months)
Above Rs. 25,000/- (For the last month)
Note:- Salary and wages will include - Basic Pay, Dearness Allowance, and any other allowance received on a regular basis whether payable in cash or kind, and profit in lieu of salary.
B(1) - Entity: Entities already registered under GST Act or VAT Act in Odisha or liable to be registered under the GST Act or VAT Act are required to enroll themselves under Professional Tax Act and pay a fixed sum of Rs. 2500/- (Rupees Two Thousand Five Hundred Only) per annum, each year. The amount is to be deposited into the appropriate Head of account of the State Government through Odisha Treasury every year. (Reference – Amendment vide Notification No. 29460 dated 12th September 2018)
|Registered Under GST & VAT Act||(PT Amount)|
|Registered under GST Act or VAT Act in Odisha or liable to be registered under the GST Act or VAT Act||Rs. 2500|
B(2) - Profession: (a) Medical Practitioners including Medical Consultants (other than practitioners of Ayurvedic, Homoeopathic, and Unani Systems of Medicines) Dentists, Radiologists, Pathologists, and persons engaged in other similar professions or callings or paramedical nature.
(b) Legal Practitioners including Solicitors and Notaries Public.
(c) Postal agents under National Savings Scheme or Chief Agents, Principal Agents, Special Agents, Insurance Agents, and Surveyors or Loss Assessors registered or licensed under the Insurance Act, 1938 (4 of 1938).
(d) Estate Agents, Promoters, Brokers or Commission Agents, Del Credere Agents, or Mercantile Agents.
(e) Technical and Professional Consultants including RCC Consultants, Architects, Engineers, Actuaries, Management Consultants, Tax Consultants, Chartered Accountants, and Cost Accountants.
where the annual gross income in the preceding year or part thereof of any such person mentioned above is—
|Annual Income||(Tax Amount)|
|Rs. 1.6 Lakhs /-||Nil|
|Rs. 1.6 Lakhs to Rs. 3.00 Lakhs/-||Rs. 1500 /- Per annum|
|Above Rs. 3.00 Lakhs/-||Rs. 2500 /- Per annum|
Disclaimer: Rates given above are updated on 23 June 2022 to the best of our information. There may be variations due to updates by the government. Kindly note that we are not responsible for any incorrect information. If you need information about the "Effective Date" then please consult with our professional tax experts or visit www.odishatax.gov.in
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