Professional Tax (Need help)

Dev K Sharma (Learning Thru Experience)   (157 Points)

08 June 2011  

 

1

Salary and wage earners such persons whose monthly salaries or wages are

 

 

(i) Less than Rs.3500/-

Nil

 

(ii) Rs.3500/- or more but less than Rs.5000/-

Rs.30/- per mensum

 

(iii)Rs.5000/- or more but less than Rs.7000/-

Rs.75/- per mensum

 

(iv) Rs.7000/- or more , but less than Rs.9000/-

Rs.110/- per mensum

 

(v) Above Rs.9000/-

Rs.208/- per mensum

Q.         Mensum means??

Q.         How to calculate PT on above ??

5

Directors(other than those nominated by Government) or Companies Registered under the Companies Act,1956 ( 1 of 1956)

Rs. 2500/- per annum

Q.         Kindly  explain on above ??

15

Companies registered under the Companies Act, 1956 (1 of 1956) and engaged in any profession, trade or calling

Rs.2500/-

16

Firms registered under the Indian Partnership Act, 1932 (9 of 1932) and engaged in any profession, trade or calling

Rs.2500/-

Q.         PT is payable for companies & Firms, is Directors and partners also need to pay PT??

 

 

Thanks You very very much,

Regard’s