Professional tax

735 views 8 replies

69 Points Joined June 2012

can anyone tell me when is professional tax applicable?

Means, when an employer is supposed to deduct the PT?

like, minimum number of employees and ect.

Thank you

Replies (8)

Chartered Accountant

215 Points Joined February 2010

Professional Tax is payable even if there is only ONE employee drawing a salary of Rs.5000 or more.

The employer should deduct at the time of making payment

69 Points Joined June 2012

could you pls give me refe. section?

Chartered Accountant

215 Points Joined February 2010

"SCHEDULE I"

(See Section 3)

Schedule of rates of tax on professions, trades, callings and employments

(From 1st July, 2009 onwards)

Sr.No.	Class of Persons	Rate of Tax (Rs.)
1.	2.	3.
	PART I
1.	*Salary and wage earners. Such persons whose monthly salaries or wages,*
	*(a) do not exceed ` 5,000*	*Nil*
	*(b) exceed ` 5,000 but do not exceed ` 10,000;*	*175 per month*
	*(c) exceed ` 10,000.*	*2500 per annum, to be paid in the following manner:—* *a) ` 200/- per month except for the month February* *b) ` 300/- for the month February*