PROFESSIONAL TAX


This query is : Resolved 

Quick Summary
This discussion addresses how to handle excess Professional Tax (PT) payments made in the previous financial year. While direct refunds might be complex, it's often possible to adjust the excess payment against subsequent tax liabilities. If the initial PT computation was incorrect, revising the PT return is necessary. Specific procedures can vary depending on the state or region.

19 March 2020 Sir,

By mistake we had paid excess Professional Tax (PT - Employee) in previous year, can we get back refund or adjust against next year Liability.


19 March 2020 You can adjust the PT paid challan for subsequent months.. If wrong PT computation was done then you must revise PT return.. It may vary from state to state

19 March 2020 Sir,
We are paying annual basis as our liability is less than Rs. 50, 000/- and submitting return annually and excess paid in fy 2018-19, can we adjust in next F.Y.

19 March 2020 Sir,
We are paying annual basis as our liability is less than Rs. 50, 000/- and submitting return annually and excess paid in fy 2018-19, can we adjust in next F.Y.


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