Definition:

A state-level tax imposed on salaried individuals, professionals, and employers based on income brackets.

Context & Importance:

Mandatory in many Indian states, PT is deducted monthly and paid to local authorities.

Use Cases:

• Monthly salary slips
• PT challan filings

Related Concepts:

Income tax, statutory deductions

TankhaPay Relevance:

Automatically deduct and file professional tax based on employee location and state slabs.