Professional Tax
This query is : Open
Devesh Dinesh
(Querist)
13 May 2016
Hi,
Can anybody help me in understanding PT and its late payment penalty... with examples..
Thanks
Devesh. D
KAVIRAJA ADDANGADI
(Expert)
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
Devesh Dinesh
(Querist)
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Urd purchase entry in tally prime
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
