11 April 2012
We have formed a pvt ltd co before one year in mumbai & paying salary but not deducting profession tax. When are we liable to deduct PT for employees & director & how much
11 April 2012
If Salary is more than Rs 5000/- Pm per employee the company shall deduct profession tax as per applicable slab rate.you will have to pay profession tax for directors also and maximum amt is Rs 2500/- Further note you will have to also file E-return monthly or Annually as the case may be.
CAclubindia
