both the rates of PTEC & PTRC equal???
12 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 April 2021
Yes both are same rate
Kapadia Pravin
(17259 Points)
Replied 06 April 2021
No both are different. one is on employees and another is on employer
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 06 April 2021
What are the rate of PTEC??
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 April 2021
. Profession Tax Enrollment Certificate – Rs.2500/- every year
2. Profession Tax Registration Certificate –
For Male Employees,
- Drawing Gross Salary less than Rs.7500/- — NIL
- Gross Salary Rs.7501/- to Rs.10,000/- — Rs.175/-
- Gross Salary Rs.10,001/- and above — Rs.200/- (Rs.300 in month of February )
For Female Employees,
- Drawing Gross Salary less than Rs.10,000/- — NIL
- Gross Salary Rs.10,001/- and above — Rs.200/- (Rs.300 in month of February)
A maximum of Rs.2500/- is payable for the entire year and not more.
Further, a director, partner who is supposed to take enrollment certificate and pay Rs.2500/- is required to pay only once only and not for each company or firm in which he is a director and / or partner.
Same, for employees, if an employee is paying profession tax in one company he/she is not supposed to pay profession tax if he/she has a separate business or profession.
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 06 April 2021
It means in case of PTEC, there is a flat rate
in case of PTRC , there is a slab rate but up to 2500/-
in case of PTRC , there is a slab rate but up to 2500/-
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 07 April 2021
Ok...thanks a lot to both of you
Kapadia Pravin
(17259 Points)
Replied 07 April 2021
PT is a state tax and hence it is different in different state
CHAITRI SUDHAKARBHAI KHAROD
(ARTICLE)
(752 Points)
Replied 07 April 2021
Yeah sir...thank you...got it completely
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 07 April 2021
| Originally posted by : CHAITRI SUDHAKARBHAI KHAROD | ||
 |
It means in case of PTEC, there is a flat ratein case of PTRC , there is a slab rate but up to 2500/- |  |
PTEC registration/renewal charge is not at flat rate. It varies for different categories for different states.
PT under PTRC also varies from state to state. No single slab rate applicable even in this case.
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