Professional tax west bengal

Tax queries 812 views 2 replies

In a company, 2 directors draw salary- Rs 320000/- pa and Rs 1200000/- pa.

Is it the company's liablility to pay professional tax? how much has to be paid?

Thanks

Replies (2)
Originally posted by : RS

In a company, 2 directors draw salary- Rs 320000/- pa and Rs 1200000/- pa.
Is it the company's liablility to pay professional tax? how much has to be paid?
Thanks

 

2 (bb) Directors (other than those nominated by Government) of companies registered under the Companies Act, 1956 (1 of 1956)

Where the annual gross income of the persons mentioned above is-

(i)

Rs. 18,000 or less

Nil

2(a)/(b)/(bb)/(c)(I)

(ii)

Rs. 18,001 or more, but less than Rs. 24,001

Rs. 216 per annum

2(a)/(b)/(bb)/(c)(ii)

(iii)

Rs. 24,001 or more, but less than Rs. 36,001

Rs. 300 per annum

2(a)/(b)/(bb)/(c)(iii)

(iv)

Rs. 36,001 or more, but less than Rs. 60,001

Rs. 360 per annum

2(a)/(b)/(bb)/(c)(iv)

(v)

Rs. 60,001 or more, but less than Rs. 72,001

Rs. 480 per annum

2(a)/(b)/(bb)/(c)(v)

(vi)

Rs. 72,001 or more, but less than Rs. 84,001

Rs. 540 per annum

2(a)/(b)/(bb)/(c)(vi)

(vii)

Rs. 84,001 or more, but less than Rs. 96,001

Rs. 600 per annum

2(a)/(b)/(bb)/(c)(vii)

(viii)

Rs. 96,001 or more, but less than Rs. 1,08,001

Rs.1080 per annum

2(a)/(b)/(bb)/(c)(viii)

(ix)

Rs 1,08,001 or more, but less than Rs. 1,80,001

Rs1320 per annum

2(a)/(b)/(bb)/(c)(ix)

(x)

Rs. 180001 or more, but less than Rs. 300001    

Rs.1560 per annum

2(a)/(b)/(bb)/(c)(x)

(xi)

Rs. 300001 or more, but less than Rs. 480001

 Rs. 1800 per annum

2(a)/(b)/(bb)/(c)(xi)

(xii)

Rs. 480001 and above   

Rs. 2400 per annum

2(a)/(b)/(bb)/(c)(xi)

https://www.wbcomtax.gov.in/Act_Rule_Schedule_Form/ptschedule.htm

will the company be liable to pay the tax?


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