Professional tax on insurance agent

Insurance Agents and Surveyors and Loss Assessors registered or licensed under the Insurance Act 1938 are liable for PT registration in Maharashtra. Rate of Tax 2500/- per annum. tax to be paid by agents and not by company.

Thanks Mayur for youyr reply..

We have received notice from Professional Tax Department asking us to provide details of All agents with prfessional tax amount.

As per notification No.PFT-2017/C.R. 20B/Taxation-3 dt. 19th April 2017, the Insurer (Insurance Company) registered under Insurance Regulatory and Development Authority of India (IRDA) Act, 1999, is liable to deduct the profession tax of rupees 2500 per annum per person from the commission payable to Chief Agents, Principal Agents, Insurance Agents and Surveyors and Loss Assessors registered or licensed under the Insurance Act, 1938. The Insurer shall pay such deducted tax on or before the last date of the month in which such deduction is made. The corresponding new schedule entry 1A is inserted to specify that the rate of tax shall be rupees 2500 per annum for such agents.

HI... 

THIS IS QUESTION FOR AN PROFESSIONAL TAX:- 

1)  I WORKING IN 2 PRIVATE COMPANY THEY DEDUCTION MY PROFESSIONAL TAX  2500 YEARLY  RESPECTIVELY 

2)  I AM ALSO AS LIC AGENT THEY DEDUCTION MY PROFESSIONAL TAX  2500 YEARLY 

MY TOTAL YEARLY DEDUCTION  PT IS  7500 /- 

IS IT RIGHT 

REGARDS

MANALI JAIN 

This is not right. A person has to pay only Rs2500/- . Take a certificate from PT paid from LIC & show it to both employers & request them not to deduct tax

there is no slab rate provide for PT deduction for insurance agents.

 For LIC Agent,  Deducted profession Tax Rs. 2500/- by  LIC  is  refundable in IT return  OR can claim this in his / her Income Tax Return. Pl. reply

Regarding Insurance Agents, who are exemoted from paying Professional Tax of Rs, 2,500/- in Maharashtra.....???