Professional Tax

Others 8405 views 7 replies

Geetha.K

Accountants Officer

118 Points Posted on 23 July 2008

How and where should Professional tax be remitted? Can we pay it quarterly ? Can we pay it through bank ? If it is ,which bank ?

I faceing many problems . Please guide me.

With Regards

Geetha.K

Replies (7)

S.Srinivasaraghavan

Chief Financial Officer and Co

11318 Points Posted on 23 July 2008

Profession tax is levied by the local bodies like municipal corporation.

You have to look at the rules framed by the local body of your location in this regard

Sanjay Kumar Singh

Company Secretary

22 Points Posted on 23 July 2008

Originally posted by :Geetha.K

How and where should Professional tax be remitted? Can we pay it quarterly ? Can we pay it through bank ? If it is ,which bank ?
I faceing many problems . Please guide me.
With Regards
Geetha.K

Hi Geeta,

Professional tax is a state tax. It is adminstered by the Sales Tax/VAT dept of the respective State. However it is not liable to be paid in certain States like Delhi & Haryana. There are different slabs for the trade, calling and employment based on which the professional tax is required to be paid. it is paid on monthly basis and the return is to be filed quarterly. First of all you should know whether it is applicable in your state or not. if it is applicable then get registration with VAT/Sales Tax Dept for professional Tax.

Sanjay Kuamr Singh

Guest

460480 Points Posted on 24 July 2008

Can Professional Tax is applicable in Pune, Chennai and Banglore?

Vidya

Student

789 Points Posted on 24 July 2008

If in chennai, should we (company) get registered with Sales tax / VAT department in chennai?

Phani Kumar Konakanchi

Articles Assistant

20 Points Posted on 24 July 2008

Hi All,

As Mr.Srinivasaraghavan has rightly said, Professional Tax is a state tax and is to be remitted to local bodies like municipalities.

There are state specific rules framed for Professional Tax. Some states doesnot levy Professional Tax while others do. Ex. PT is not applicable in Chattisgarh, Rajasthan, Goa, Delhi....Also the due dates and slab rates also vary from state to state, like for Tamil Nadu its quarterly, Andhra Pradesh...monthly.

Biswanath

CA final stude

56 Points Posted on 05 January 2009

Hy friends , this is biswanath from chennai.can any body tell me the slab rates for professional tax

Regards

Biswanath

09710567278

BELLANARAMBABU

accountant

21 Points Posted on 20 September 2010

we have been running small pvt ltd .we have 12 members of employees in our company .Professional tax deducted from salarie of employees. But we have no professional tax registration so will we pay the professional tax by TIN or Registration must should please give advice