West Bengal Government revises the professional tax rates for different class of persons

The Government of West Bengal revises the professional tax rates for different class of persons under the State Tax on Professions, Trades, Callings and Employments Act, 1979 (“Principal Act”). The rates prescribed for the “Employees earning monthly salary or wages or remuneration or reward or compensation etc.” and PART B of the Schedule are effective immediately. Further, for rest of the classes of persons in PART A and Part C of the schedule (attached), the revised rates of taxes will be effective from 1st April 2024.

Key Highlights:

The following tax rates has been revised under PART A: Sr No CLASS OF PERSONS RESTRICTIONS AND CONDITIONS RATE OF TAX

1. Employees earning monthly salary or wages or remuneration or reward or compensation etc. Not exceeding Rs. 20,000 NIL
   Above Rs. 20,000 but not exceeding Rs.30,000 Rs. 100 per month
   Above Rs. 30,000 but not exceeding Rs.50,000 Rs. 140 per month
   Above Rs. 50,000 but not exceeding Rs.1,00,000 Rs. 170 per month
   Above Rs. 1,00,000 Rs. 208 per month
2. Persons being individuals, engaged in any profession or calling (other than those in the preceding year or part mentioned in PART-B or PART C of this SCHEDULE Where the annual gross income in the preceding year or part thereof of such person is not more than Rs. 2,50,000 NIL
   1. Where the annual gross income in the preceding year or part thereof of such person is Above Rs. 2,50,000 but not exceeding Rs. 5,00,000 Rs. 1000 per annum
   2. Where the annual gross income in the preceding year or part thereof of such person is above Rs. 5,00,000 but not exceeding Rs. 10,00,000 Rs. 2000 per annum
   3. Where the annual gross income in the preceding year or part thereof of such person is above Rs. 10,00,000 Rs. 2500 per annum
3. Persons, engaged in any profession or calling or trade involving supply of goods or services or both (other than those mentioned in PART-B or PART C of this SCHEDULE Where the annual gross turnover or annual gross receipt in the preceding year or part thereof of such person is not more than Rs. 10,00,000 NIL
   1. Where the annual gross turnover or annual gross receipt in the preceding year or part thereof of such person is above Rs. 10,00,000 but not exceeding Rs. 20,00,000 Rs. 1000 per annum
   2. Where the annual gross turnover or annual gross receipt in the preceding year or part thereof of such person is above Rs. 20,00,000 but not exceeding Rs. 40,00,000 Rs. 1500 per annum
   3. Where the annual gross turnover or annual gross receipt in the preceding year or part thereof of such person is above Rs. 40,00,000 Rs. 2500 per annum
4. Part B and Part C are prescribed for the revised rates of taxes.
5. Persons engaged in any profession, trade, or calling as mentioned in Part C of the newly proposed Schedule are liable to pay Rs. 2500 per annum, irrespective of their “annual gross income” or gross “annual gross turnover” or “annual gross receipt”.