Is Payment of Profession Tax compulsory??

3763 views 5 replies

Amruta Subhedar

Articled Trainee

37 Points Joined November 2009

Hello,

I had asked this last time also but didn't get a clear picture of it. I want to ask whether an individual who is carrying on his consultancy business (Ref here is Vastu Consultant) and not having any invoice, but has a current account in the name of his business, required to pay a profession tax??? And if yes then as any other professional he has the gestation period of 2yrs...i.e he need not pay the P.T in the 1st 2years.....I went through the Profession Tax Act..but got confused...Pls guide me properly on this.

Replies (5)

shivaji

job

424 Points Joined July 2007

have you taken any certificate from Municipality under shops and establishments act to do this?

then PT applicable otherwise not.

shivaji

job

424 Points Joined July 2007

have you taken any certificate from Municipality under shops and establishments act to do this?

then PT applicable otherwise not.

praveen

Chartered Accountant

6971 Points Joined September 2007

Professional Tax depends from state to state as per my knowledge and there are certain requirements to be fulfilled before coming into the purview of Professional tax. Generally PT is a very small payment and everyone oblige to pay the amount.

Kalpesh Chauhan,

Tax Assistant (Accounting Technician CA

8311 Points Joined April 2008

Originally posted by : praveen
	Professional Tax depends from state to state as per my knowledge and there are certain requirements to be fulfilled before coming into the purview of Professional tax. Generally PT is a very small payment and everyone oblige to pay the amount.

Subhash Vishwakarma

Chief Finance Officer

34 Points Joined July 2009

It is compulsory for payment of PT either by salaried person or self employed depending on the State. The person whose age is more that 65 years and handicapped person as defined under the respective state laws is exempted from payment of Professional Tax.