profession tax
This query is : Resolved
30 September 2009
is company is liable to pay profession tax as comapny ? whts its due date & amount ?. wht abt directors pt ? same due date & amount ? who is liable to pay profession tax on directors ( if company is public ltd ) hurry
CA SANJAY MUKHERJEE
(Expert)
30 September 2009
Profession Tax is a State Tax and may differ in States.
Company is liable to pay profession TAX.
For employees and directors company deduct tax on profession from their remuneration and deposit to Govt.
If the directors are not executive directors and does not receive regular salary then they have to deposit their own P.Tax to authority.
for west bengal applicable schedule
https://www.wbcomtax.nic.in/Act_Rule_Schedule_Form/ptschedule.htm
You can check the same for ur concerned state but principal rules are generaly same.
Company is liable to pay profession TAX.
For employees and directors company deduct tax on profession from their remuneration and deposit to Govt.
If the directors are not executive directors and does not receive regular salary then they have to deposit their own P.Tax to authority.
for west bengal applicable schedule
https://www.wbcomtax.nic.in/Act_Rule_Schedule_Form/ptschedule.htm
You can check the same for ur concerned state but principal rules are generaly same.
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