Professional Tax (Need help)

 

1

Salary and wage earners such persons whose monthly salaries or wages are

 

 

(i) Less than Rs.3500/-

Nil

 

(ii) Rs.3500/- or more but less than Rs.5000/-

Rs.30/- per mensum

 

(iii)Rs.5000/- or more but less than Rs.7000/-

Rs.75/- per mensum

 

(iv) Rs.7000/- or more , but less than Rs.9000/-

Rs.110/- per mensum

 

(v) Above Rs.9000/-

Rs.208/- per mensum

Q.         Mensum means??

Q.         How to calculate PT on above ??

5

Directors(other than those nominated by Government) or Companies Registered under the Companies Act,1956 ( 1 of 1956)

Rs. 2500/- per annum

Q.         Kindly  explain on above ??

15

Companies registered under the Companies Act, 1956 (1 of 1956) and engaged in any profession, trade or calling

Rs.2500/-

16

Firms registered under the Indian Partnership Act, 1932 (9 of 1932) and engaged in any profession, trade or calling

Rs.2500/-

Q.         PT is payable for companies & Firms, is Directors and partners also need to pay PT??

 

 

Thanks You very very much,

Regard’s

Replies (2)

1. Month

5. Directors have to pay PT @ 2500 per annum as enrollment

15+16 . yes. Firms and companies are seperate indentity, so firms/ companies have to pay enrollment in name of firm/company, while directors / partners have to pay enrollment for their individual professional capacity.

Thanks Mr. Sharma,,,

1.I have to calculate PT monthly on slab wise (i.e. Salary 4800/- PT 30/- Rupees).

Whn have to deposit the collected PT evry month or Wt???

And 2500/- is fixed for Partners & Directors??

Hope u dont mind  .....

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