29 September 2018
In case of a executive Director , is he required to pay PT monthly also apart from annual PT payable by him for being a director ?
I remember that the maximum PT payable by any person is 2500/- (per year). Since he has paid it in the capacity of director as annual PT i.e his maximum limit is satisafied. If he draws any monthly salary, is he liable to pay monthly PT again? ( With reference to Karnataka State PT )
01 October 2018
Company as a establishment PT to be paid Rs.2500/ Per place of establishment, Director Remuneration if it Exceeds Rs.15000/- PM PT to be deducted Rs.200/- PM.
CAclubindia
