Rate of PTEC & PTRC

Follow 12 Replies

Start a discussion Unanswered

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) 06 April 2021

both the rates of PTEC & PTRC equal???

Sourav (Student) 06 April 2021

Yes both are same rate

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) 06 April 2021

Okay...thanks

Kapadia Pravin 06 April 2021

No both are different. one is on employees and another is on employer

1 Like

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) 06 April 2021

What are the rate of PTEC??

Sourav (Student) 06 April 2021

. Profession Tax Enrollment Certificate – Rs.2500/- every year

2. Profession Tax Registration Certificate –

For Male Employees,

Drawing Gross Salary less than Rs.7500/- — NIL
Gross Salary Rs.7501/- to Rs.10,000/- — Rs.175/-
Gross Salary Rs.10,001/- and above — Rs.200/- (Rs.300 in month of February )

For Female Employees,

Drawing Gross Salary less than Rs.10,000/- — NIL
Gross Salary Rs.10,001/- and above — Rs.200/- (Rs.300 in month of February)

A maximum of Rs.2500/- is payable for the entire year and not more.

Further, a director, partner who is supposed to take enrollment certificate and pay Rs.2500/- is required to pay only once only and not for each company or firm in which he is a director and / or partner.

Same, for employees, if an employee is paying profession tax in one company he/she is not supposed to pay profession tax if he/she has a separate business or profession.