please tell me whether a company established under the shops and establishment act is required to pay profession tax yearly.
and if so then 1) under which form 2) whether separate registration is required as the company is paying the p.t of employees monthly basis. 3) what are the consequences of non payment of P.T 4) any due date is there for payment of P.T
28 February 2008
It is not a company, it will be a shop or business establishment.
Profession tax is assessed by the local administration. The Shop will have to have local administration's(corporation/Municipality/Panchayat as the case may be)
You will have to refer to your Local corporation's rules in this regard