his everybody plz can anybody help me
Wat is Professional Tax ? y it is deducted and rates at which it is calculated.
plz do reponse Ihave posed 3 to 4 question till now nobody has responded
plz do reponse atleast for this.
Article Student
habeeb (CA ) (40 Points)
20 June 2008his everybody plz can anybody help me
Wat is Professional Tax ? y it is deducted and rates at which it is calculated.
plz do reponse Ihave posed 3 to 4 question till now nobody has responded
plz do reponse atleast for this.
Article Student
Shekar
(CA & LCS )
(1109 Points)
Replied 20 June 2008
Hi Habeeb...
Professional Tax is a tax on employment...All salary earning people should pay Professional tax...So Employer should deduct PT before paying Salary.
The slab rate applicable if the Gross salary is
Shekar
(CA & LCS )
(1109 Points)
Replied 20 June 2008
There is some problem with the site slab rate i typed are disapearing
Go through this link for slab rate...
https://www.citehr.com/60152-pt.html
sunil
(333 Points)
Replied 20 June 2008
My Dear Habib,
The profession Tax(not professional tax)is being levied on professions, trade callings and employment by an state. In Madhya Pradesh on almost all types of earner have to pay the tax, such as employee,legal or medical practitioner,architects, managment consultants, CA, agents, contractors,Members of stock exchange.Directors of the cos,Liquor licenees,Employers of theaters,Service station, petrol pumps,Hotels,Registered Co.,Chit fund institutions,Banks, Co-operatives,Video and beauty parlours, money lenders,Partnership firms,Factories,Dealer liable pay VAT,Holders of transport permits. etc. etc.. Rate of tax has been given in prescribe schedule of the Act.
Please visit www.mptax.net for Madhya pradesh profession tax Act and rules.
You may call me at 9425176510.
rahulbansal
(Accountant)
(51 Points)
Replied 21 June 2008
Profession Any consultancy / Retainer Ship etc.
Tds 11.33% (10+10%+3%) 194J. 2 condition : 1 . If Bill submit = 20000/- 2. yearly 100000/- for individual. if any condition is complete than deducte the tds. ok
PH. 41000530 ext. 344
shareinfoline
(Business)
(22 Points)
Replied 21 June 2008
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