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
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Professional tax
Replies (8)
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
could you pls give me refe. section?
"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 |
Refer the below link for "DETAILED" information
https://wirc-icai.org/wirc_referencer/indirect%20tax/Profession%20Tax%20Act.htm
Due dates and laws for Professional Tax varies from state to state.... So please quote state name.....
Maharashtra
Every person who is paying salary more then Rs 5000/- per month to a one/more then one person(separately), then he is eligible to deduct PT.....
Is PT applicable if I am working in SEZ ?
Professional Tax on Employees is applicable in SEZ also just like in normal case , there is no specific exemption for SEZ area.
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