Professional Tax
This query is : Open
13 May 2016
Hi,
Can anybody help me in understanding PT and its late payment penalty... with examples..
Thanks
Devesh. D
13 May 2016
Professional Tax to be paid by earning an income from salary-Based on the Limit of Earnings or anyone practicing a Trade or profession - Based on turnover for Trade for Profession Based on Year of Practice. Each State Prescribed the Limit Which Vary From state to State.Maximmum PT Deducted Rs.2500/-
Penalty and interest also vary from State to state Penalty 50% Interest 1.25% Late filing Fees Rs.250
Penalty and interest also vary from State to state Penalty 50% Interest 1.25% Late filing Fees Rs.250
Message likes :
1 times
15 June 2016
thanks.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- Sales amount in Gstr1
- Supply through E-commerce Operators
- TDS Challan Code
- Rent lease agreement
- Relief u/s Section 89
- Lease agreement and tax on sale
- REGARDING SECTION 44AE
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
