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Question : Taxes on professions can be levied by which of the following?

Option 1: State government only

Option 2: Both state and union governments

Option 3:  Panchayats only

Option 4:  Union government only


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: State government only


Solution : The correct answer is state government only .

State governments can levy taxes on professionals. A professional tax is a type of direct tax paid on persons who work in a certain profession. It is a state-level tax, and the rates and rules differ from one state to the next. Individuals who are self-employed and make a particular amount of revenue from their profession are subject to professional tax.

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