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
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15 June 2016
thanks.....
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