“The Odisha State Tax on Professions, Trades, Callings and Employments Act 2000” commonly known as the Professional Tax Act, provides that
Business entities in Odisha are required to deduct Professional Tax from the monthly salary from their employee at the applicable rates and deposit the same into the appropriate Head of account of State Government through Odisha Treasury every month. For the applicable rates, please refer to the rate chart.
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 enrol 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 State Government through Odisha Treasury every year.
Other Professional like Medical Practitioners including Medical Consultants, Dentists, Radiologists, Pathologists and persons engaged in other similar professions or callings or a paramedical nature, Postal agents under National Savings Scheme or Chief Agents, Principal Agents, Special Agents, Insurance Agents and Surveyors or Loss Assessors, Estate Agents, Promoters, Brokers or Commission Agents, Del Credere Agents or Mercantile Agents, Technical and Professional Consultants including RCC Consultants, Architects, Engineers, Actuaries, Management Consultant, Tax Consultants, Chartered Accountants and Cost Accountants etc. are required to enroll under this Act and are required to pay at the applicable Rates every year.
Sl. No. | Category of Persons Liable to Pay Professions Tax | Rate of Professions Tax based on Annual Gross Income / Salary / Wages | ||
---|---|---|---|---|
LESS than Rs. 1.6 Lakhs | Between Rs. 1.6 Lakhs to Rs. 3.00 Lakhs | Above Rs. 3.00 Lakhs | ||
1 |
Salary and Wage earners: Such persons including Ministers, Members of Legislative Assembly and Members of Parliament from the State of Orissa |
NIL |
Rs. 125/- per month |
Rs. 200/- per month for first 11 months and Rs. 300/- for the last month |
2 |
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 a paramedical nature |
NIL |
Rs. 1500/- Per annum Per Person |
Rs. 2500/- Per annum Per Person |
3 |
Legal Practitioners including Solicitors and Notaries Public |
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4 |
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) |
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5 |
Estate Agents, Promoters, Brokers or Commission Agents, Del Credere Agents or Mercantile Agents |
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6 |
Technical and Professional Consultants including RCC Consultants, Architects, Engineers, Actuaries, Management Consultant, Tax Consultants, Chartered Accountants and Cost Accountants |