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Profession tax

This query is : Resolved 

06 May 2013 Whether PT is Payable by Co for themselves.

Eg:-XYZ Ltd deducting PT of Employees and Paying to authority whether they are liable to pay PT for there self (Own A/C) If Yes then what amount?

06 May 2013 Yes, the company is also liable to pay Professional Tax for all of its branches as well as Head Office. In Gujarat, it is 2000 per Financial Year per Branch.

06 May 2013 In maharashtra its Rs.2500/- per annum

06 May 2013 Tusharji. Somewhere I read that there is a ceiling of Rs.2500 in a year and that is also the maximum deduction you are allowed for professional tax. Just check again.

There is also situation of people who live in Gujarat and do daily updown to Maharashtra (Palghar, Boisar etc.) Their profession tax goes to Maharashtra state. In Gujarat also they are getting demand from Municipalities to enrol and pay professional tax on their salaries. Normally if the employer deducts professional tax, to which state he has to pay, the state of employment or state of residence of employee.

06 May 2013 The company deduct PT from employee salary and pays under PTRC no. and in Maharashtra the company has to pay a sum of Rs2500/- per annum till 30th June of the assessment year under PTEC no.

07 May 2013 Pradeep Agarwal sir that is exactly what has to happen as company has registration in Maharashtra and obviously they will pay in maharashtra. However can the Municipal Corporation in Gujarat also subject an employee to double taxation. Earlier states were levying these levies but nowadays it seems employees are harassed when working in a different municipality because their employers deposit the tax at the municipality where they are registered and not where they employee stays.

07 May 2013 Prof Tax by Employer is deductible expenses.
Right?

07 May 2013 yes it is dductible expenses provided it iss actually paid u/s 43B

07 May 2013 As i know, it should not be levied in Gujarat State. You show them proof of salary earned in the state of Maharashtra.

08 May 2013 Dear Mr Sunil,

The discussion is about "WHETHER PROF TAX IS PAYABLE BY COMPANIES FOR THEMSELVES".

Here, we are not discussing about WHERE TO PAY!


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