Hii..
there is 5 members are getting salary more than15000/- ( including directors) in my company. is it necessary to register under PT. Total no of employees in company is 15 members. ( recently registered under ESIC)
pls give me suggestion.
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Professional Tax
Replies (4)
Every employer in specific states is required to deduct taxes from salary when paid to one or more employees when payment made exceeds Rs 5000(this limit is for Maharashtra)
and deposit with state government. That entity is required to obtain registration certificate
Prasad , Your company is required to be registered under PT Act
and deposit with state government. That entity is required to obtain registration certificate
Prasad , Your company is required to be registered under PT Act
Hi prasad,
Professional tax or tax on employment is mandatory one and it is levied and collected by state government.so it is differ from state to state. Rs.12500per month is the limit for Tamil Nadu. An employer paying salary in excess of this limit he should deduct the applicable amount while paying salary.
Thanks for your valuable replies. and what is PT for Director remuneration
Director remuneration is also comes under professional tax.
TN govt amended PT rules by different income groups
So pls refer tn.gov.in/dtp/professional-tax.htm for more clarification
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