30 October 2013
Dear experts does anyone know that where a director himself is an employee in the company is he need to have PTEC Number if yes why becz his PT company can deduct if no then while I tried to do companies registration for PTRC number PT officer asked me PTEC registration certificate of directors kindly let me know what needs to be done
06 November 2013
Director of company has to obtain PTEC under PT Act. In case company is deducting and paying PT out of salary paid to director, obtain certificate from company and submit with PT Officer. If deduction is less than 2500/-, amount of difference should be paid by director before due date for payment of TAX by EC holder. (Maharashtra PT Act)