Jr Executive Hr
Freelance Recruiter, Payroll Outsourcing,
Korgaonkar K A
Consultant & G.m.
Legal, Personnel Admn. And Hr
PRAVEEN KUMAR BUSSA
Personnel Officer Grade/scale-i
The following is the structure of Porf tax in the AP state:
1) Salary/wage upto Rs.1499 No Tax
2) salary from 1500 to 1999 Rs.16/
3) " 2000 to 2999 Rs.25/
4) " 3000 to 3999 Rs.35
5) " 4000 to 4999 Rs.45
6) " 5000 to 5999 Rs.60
7) " 6000 to 9999 Rs.80
8) " 10000 to 14999 Rs.100
9) " 15000 to 19999 Rs.150
10) " 20000 & above Rs.200
This has to be remitted in Form V in a monthly Challan at Treasury within 30 days.
Hope this clarifies your doubt.
Narayana Murty BV
Hitec City- Madhapur
Cell no: 9394712629.
29th July 2007 From India, Visakhapatnam
Thank u for the PT tares. I am pragathi a MBA fresher working in a newly established organisation. I am the one who has to do all the HR policies. Kindly help me in kmowing about the registration process of Professional tax and how to send it monthly and to whom. Please all the members help me in this.
25th September 2008 From India, Hyderabad
Please let me know the due date for filing & Payment of Professional Tax in Hyderabad.
For Ex: For the month of May'09-What is the due date for filing and paying the tax.
And also let me know the payment procedure of the professional tax to the Dept..
9th June 2009 From India, Hyderabad
Acts applicable to all establishments.
Any person engaged in Profession, Trade, Calling or Employment in the state of Andhra Pradesh is liable to pay this tax.
Employer liable to deduct and pay the tax on behalf of the employee.
Every employer to obtain a Certificate of registration or enrollment from the assessing authority within 30days of commencement of Profession, Trade, Calling or Employment.
Return along with challan every month in Form V to be submitted.
Tax payable by salary and wage earners is as under
• Upto Rs. 1500/- Salary -- -- -- Nill
• For Salary between Rs. 1500/- to Rs. 2000/- -- -- -- Rs. 16/-
• For Salary between Rs. 2000/- to Rs. 3000/- -- -- -- Rs. 25/-
• For Salary between Rs. 3000/- to Rs. 4000/- -- -- -- Rs. 35/-
• For Salary between Rs. 4000/- to Rs. 5000/- -- -- -- Rs. 45/-
• For Salary between Rs. 5000/- to Rs. 6000/- -- -- -- Rs. 60/-
• For Salary between Rs. 6000/- to Rs. 10000/- -- -- -- Rs. 80/-
• For Salary between Rs. 10000/- to Rs. 15000/- -- -- -- Rs. 100/-
• For Salary between Rs. 15000/- to Rs. 20000/- -- -- -- Rs. 150/-
• For Salary above Rs. 20000/- -- -- -- Rs. 200/-
REGISTERS AND RETURNS UNDER THE ACT
1) Section 7-Monthly return along with proof of payment.
2 Section 8-Annual assessment in every April.
1 Section 6(5) When an employer has willfully failed to apply for certificate of registration,
such employer shall be penalized with a fine of Rs.10/- for each day of such default.
1 Section 6(6) When an employer has deliberately given false information in any application for registration, such employer shall be penalized with a fine of not less than Rs100/- and a maximum of Rs1000/-.
1 Section 7(3) When an employer without any reasonable cause failed to submit Return shall be penalized with a fine of not less than Rs5/- and a maximum of Rs100/- for each day of such default.
1 Section 8(5) The assessing authority may impose minimum penalty of one and half times the assessed tax and maximum of 3 times the assessed tax.
1 Section 22 An assessee fails comply the Act can be fined maximum of Rs5000/- and when theOffence is continuing one, minimum of Rs10/- and maximum of Rs50/-for each day.
IMPORTANT PROVISIONS OF THE ACT AND THE RULES
Section 5 - Employer liable to deduct and pay tax on behalf of employees. Employer is liable irrespective of such deduction has been made or not.
Section 6 - Every assessee shall obtain a certificate of registration within 30 days of becoming liable.
Section 7 - Returns showing the details of salaries/wages paid and amount of tax deducted should be submitted
by the employer to the authority along with proof of payment challan.
Section 8 - The assessing officer, if satisfied, may accept the return.
The amount of tax due from any assessee shall be assessed separately for each year within a period of 4 years.
If an employer do not apply for registration certificate or do not submit the return, after, an inquiry the assessing officer has the power to pass an order assessing the amount of tax due.
The tax so assessed shall be paid within 15 days.
Section 11 If the employer fails to deduct tax from employee or fails to pay the tax after deduction is liable to pay interest on the tax due for each month or for the period for which the tax remains unpaid.
Section 12 If the employer fails to pay the tax within the time period specified shall be penalized with such amount which is not less than an amount between 25%-50% of amount due.
Section 15 Any assessee aggrieved by an order passed, may within 30 days appeal to the appellate authority. However amount to be paid before preferring an appeal.
Section 26 The authorities under the Act have power to enforce attendance (Same as vested in a court under the code of civil procedure 1908).
15th May 2010 From India, Hyderabad
I am Rajesh I have 4 Years of Experience in Administration Currently Working With Educomp solutions ltd . 2 years of exp with Current company . i am looking for change if any opening is there please let me know . for interview
Current CTC 2.5 lakhs
Expected 25% hike on Current CTC
17th May 2010 From India, Hyderabad
Thanks for your feed back on above posting.
Now I am facing a doubt about P.tax.
1 employee earning above 10000/- a month and we are deducting P.Tax @150/-p.m. during service in one of the month he got Loss of Pay leave for a month and earned Rs.100/- only.
In my opinion he will not pay tax for this month as he has no earnings in a particular month.
Kindly confirm if I am correct or we have to pay Rs.150/- for this months also and deduct his overdue amount from his future earnings.
Thanks n regards
15th July 2010 From India, Hyderabad
21st July 2010 From India, Hyderabad
Pl.find attached the latest amendment to "A.P.State Profession Tax", the gist is:
ANDHRA PRADESH PROFESSIONAL TAX NEW PROVISIONS
Please note a change in Profession Tax Rates in Andhra Pradesh vide G.o.Ms.No. 82 dated 04-02-2013 wherein the First Schedule has been replaced with an amended one copy of notification attached for reference.
The major changes vs a vis the old schedule are
No Profession Tax on salaries less than 15,000/- (earlier applicable from Salary of Rs.5,000/- onwards). There are only two taxable slabs salaries between 15,001/- to 20,000/- PT Rs.150/- PM and salaries above Rs.20,000/- PT Rs.200/- PM.
Companies not being registered under APVAT Act and having Turnover of less than Rs. 10.00 Lakhs do not attract any PT. (Earlier all Companies were taxed at Rs.2,500/-P.A.)
Directors drawing remuneration from the Company(other than those nominated by the Government) are only liable to pay PT of Rs.2,500/- P.A. (earlier all directors (other than those nominated by the Government) were liable to pay PT of Rs. 2,500/- P.A.
A new category of exempted persons mostly labour oriented works is added at Sl.No.39
A new Category of taxable persons Persons, other than those mentioned in any of the preceding entries, who are engaged in any profession, trade or calling or employment with annual income of more than Rs 1,80,000/- but excluding those who are exempted under Section 31 of the Act and Entry No. 39 above, is added at Sl. No. 40 taxing them @ 2,500/- P.A.
8th February 2013 From India, Bangalore
Thank you for posting this information. You would have stated with new thread. Such an informative posting in old thread may not pay attention of many.
One Mr. Bhargav Munagala has posted this information yesterday in new thread with out documentary evidence / notification. Today afternoon one Mr. Nagaraju has posted the documentary evidence / notification. This thread has more than 250 views. This is for your information. Always start new topic with fresh thread so that more members can be benefitted.
23rd March 2013 From India, Mumbai