Proffessional Tax
This query is : Resolved
05 May 2010
I am working in MNC Co. on contractual basis. In my salary calculated as a proffessional fees and deducted TDS @ 10%.
no P.T. deducted in my sal.
Whether the P.T. are payable or not?
Thanks....
no P.T. deducted in my sal.
Whether the P.T. are payable or not?
Thanks....
CA Gangadhar Mishra
(Expert)
05 May 2010
professional tax is a state level tax to be levied on salaried employees, since you are not an employee so no professional tax is applicable to you.
Message likes :
1 times
05 May 2010
thanks sir, one of my friend who is in C.A. final, he told me that whether company is not deduct the P.T. then you are liable to deposit the P.T.
Rahul Gupta
(Expert)
05 May 2010
P.T is levied by state. In case, the state levies tax on the professional service, then you are liable to deposit P.T on your own.
Message likes :
1 times
05 May 2010
thanks sir, but what the procedure to deposit the P.T. and what's the slab?
CA Sanat Pyne
(Expert)
05 May 2010
AGREE WITH RAHUL GUPTA.
Message likes :
1 times
Rahul Gupta
(Expert)
05 May 2010
The PT is levied by state. SO please specify the state in which you are working.
Message likes :
1 times
Rahul Gupta
(Expert)
05 May 2010
Please check the schedule 1 on page 22 of the attached PDF for rates applicable to your case.
https://commercialtax.gujarat.gov.in/vatwebsite/download/act/PT_1976_Eng.pdf
https://commercialtax.gujarat.gov.in/vatwebsite/download/act/PT_1976_Eng.pdf
Rahul Gupta
(Expert)
05 May 2010
Please check the schedule 1 on page 22 of the attached PDF for rates applicable to your case.
https://commercialtax.gujarat.gov.in/vatwebsite/download/act/PT_1976_Eng.pdf
https://commercialtax.gujarat.gov.in/vatwebsite/download/act/PT_1976_Eng.pdf
05 May 2010
Dear Sir,
Plz check the link as under, P.T. slab is different, which is correct?
https://www.egovamc.com/prof_tax/ProfessionTaxEmployers.pdf
Plz check the link as under, P.T. slab is different, which is correct?
https://www.egovamc.com/prof_tax/ProfessionTaxEmployers.pdf
Rahul Gupta
(Expert)
05 May 2010
The link you provided contains the rates for slaraied employee.
For you it's professional fees.
For you it's professional fees.
Message likes :
1 times
Rahul Gupta
(Expert)
05 May 2010
Always welcome..
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Visiting card purchase
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
