How and where should Professional tax be remitted? Can we pay it quarterly ? Can we pay it through bank ? If it is ,which bank ?
I faceing many problems . Please guide me.
With Regards
Geetha.K
7 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 23 July 2008
Profession tax is levied by the local bodies like municipal corporation.
You have to look at the rules framed by the local body of your location in this regard
Sanjay Kumar Singh
(Company Secretary)
(22 Points)
Replied 23 July 2008
| Originally posted by :Geetha.K | ||
| " |
How and where should Professional tax be remitted? Can we pay it quarterly ? Can we pay it through bank ? If it is ,which bank ?
Hi Geeta, Professional tax is a state tax. It is adminstered by the Sales Tax/VAT dept of the respective State. However it is not liable to be paid in certain States like Delhi & Haryana. There are different slabs for the trade, calling and employment based on which the professional tax is required to be paid. it is paid on monthly basis and the return is to be filed quarterly. First of all you should know whether it is applicable in your state or not. if it is applicable then get registration with VAT/Sales Tax Dept for professional Tax. Sanjay Kuamr Singh |
" |
Vidya
(Student)
(789 Points)
Replied 24 July 2008
If in chennai, should we (company) get registered with Sales tax / VAT department in chennai?
Phani Kumar Konakanchi
(Articles Assistant)
(20 Points)
Replied 24 July 2008
Hi All,
As Mr.Srinivasaraghavan has rightly said, Professional Tax is a state tax and is to be remitted to local bodies like municipalities.
There are state specific rules framed for Professional Tax. Some states doesnot levy Professional Tax while others do. Ex. PT is not applicable in Chattisgarh, Rajasthan, Goa, Delhi....Also the due dates and slab rates also vary from state to state, like for Tamil Nadu its quarterly, Andhra Pradesh...monthly.
Biswanath
(CA final stude)
(56 Points)
Replied 05 January 2009
Hy friends , this is biswanath from chennai.can any body tell me the slab rates for professional tax
Regards
Biswanath
09710567278
BELLANARAMBABU
(accountant)
(21 Points)
Replied 20 September 2010
we have been running small pvt ltd .we have 12 members of employees in our company .Professional tax deducted from salarie of employees. But we have no professional tax registration so will we pay the professional tax by TIN or Registration must should please give advice
Recent Topics
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
Related Threads
CAclubindia
