Revised Professional Tax Slab for Greater Chennai Corporation Effective Oct 2024 www.hrdeck.in

Revised PT Slab for Greater Chennai Corporation: Effective Oct 2024

We have an important update for all employees regarding the revision of the Professional Tax (PT) slab by the Greater Chennai Corporation, effective October 2024. This change will impact the half-yearly period from October 2024 to March 2025. Here’s a detailed look at the new rates and important points to note.

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Revised Professional Tax Slab Rates:

The new PT slab rates are as follows:

1/2 Yearly Income Range (Rs)Previous Rate (Rs)New Rate (Rs)
0 – 21,000NILNIL
21,001 – 30,000135180
30,001 – 45,000315425
45,001 – 60,000690930
60,001 – 75,0001,0251,025
75,001 – 9,99,99,9991,2501,250

Key Points to Note:

  • Employees undergoing Full and Final (FnF) settlement from October 2024 onwards should recheck their calculations as per the new slab rates.
  • Filing of half-yearly returns should be done through the portal, and uploading the respective Excel templates is mandatory before payment of taxes.

Modes of Payment:

The profession tax payable to the Greater Chennai Corporation can be remitted through the following modes:

  • NEFT, ECS, RTGS: In favour of “Commissioner, Greater Chennai Corporation Profession Tax”, Account No. 13170PE16473, IDFC First Bank Limited, IFSC code IDFBO080101
  • Debit/Credit Card, Cheque, Demand Draft: In favour of “The Revenue Officer, Corporation of Chennai” or through online payment at www.chennaicorporation.gov.in

Make sure to update your records and follow the new guidelines for a smooth tax filing experience.

For more details, you can refer to the official notification attached below:

For any assistance in

HRMS, Payroll & Compliance Outsourcing, Tax Management or S&E Registration, do contact us.

We provide PAN India service.

Click here to get the Lowest Quotes

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