Professional Tax for Companies

If u pay Profession Tax for five years together then he need to pay tax as payable for four years only.

It was mentioned in

NEW PROFESSION TAX RATES AFTER MAHRASHTRA GOVERNMENT BUDGET & PROVISIONS

(JUN 18, 2009 MVAT)

Thank you very much for your reply.

is it applicable to both Individuals and companies and it there any section in IT Act

It is there in Profession Tax Act and not in Income tax act.

The wordings are "Once this certificate is obtained, the person can discharge their individual tax liability for five years by paying lump sum amount equal to the amount of Profession Tax for four years in advance, getting relief for one year’s payment. "

So i think it can be applied to all persons including company.

how professional tax is charged??how professional tax is charged for company,partnership,proprietors???