Can an individual pay profession tax and service tax in chennai?
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pls ans in detail whether a person offering consultancy services in chennai has to pay both taxes
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Answer:
Professional Tax is a State subject. Each State has its own professional tax laws and so Tamil Nadu will have its own. Half year Income Professional Tax Amount up to Rs. 21000/- Nil Rs. 21000/- to Rs. 30000/- 75 Rs. 30001/- to Rs. 45000/- 188 Rs. 45001/- to Rs. 60000/- 390 Rs. 60001/- to Rs. 75000/- 585 Rs. 75001 above 810 Service tax is a Central subject. Service tax will apply if you provide taxable service. Registration for service tax is necessary if value of taxable service provided exceeds Rs 9 lakhs. The rate of service tax is 10.3%. If your taxable services for previous year does Consultancy service is a taxable service. Thanks
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