Profession tax

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106 Points Posted on 28 January 2021
I run a business of Oxygen and Nitrogen Cylinders, basically distribute them as distributors to Private Companies. Am I liable to PT,
I have a few employees who get a salary of 25k per month.
PS. I am a GST registered person with annual turnover below Rs. 5 Cr.
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On 28 January 2021 at 01:13 Report
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Quick Summary
This discussion clarifies whether a distributor of oxygen and nitrogen cylinders, with employees earning £25k monthly and an annual turnover below £5 Cr, is liable for Profession Tax (PT). The consensus is yes, particularly in Maharashtra, where PT registration is mandatory. Businesses are required to deduct PT from employee salaries as it is a state-specific law.

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Chartered Accountant
24588 Points Posted on 28 January 2021
Yes you are eligible for Professional tax registration
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On 28 January 2021 at 06:28
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17269 Points Posted on 28 January 2021
It is mandatory to require PT Registration in Maharashtra. Yor are bound to deduct PT From salary. PT is a state law. You please check provisions of PT of your State.
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On 28 January 2021 at 10:04

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