Re: Fwd: Laxmi Pumps Pvt.Ltd,Kolhapur ( Photo )

Sir,
I would like to know that for deduction of P.T is there any restriction for minimum number of employees.
thanking you,
CH.MADHUKAR

Dear Madhukar,
There is an act that will be applicable for Profession Tax for your area. Please obtain a copy and this will give you all the information you require.
M.V.KANNAN

There is no restriction on the no. of employees. It is the perogative of the local municipal corporation to collect PT. Once a company is registered under the Shops & Establishments Act OR The Factories Act in any Municipal zone, the PT will have be paid as per the local rules as laid down by the local Municipal Corporation. The only criteria is the amount of take home salary. Deduction by employer and depositing it to the govt treasury is mandatory. For further information, you can get in touch with any good local tax consultant.

Dear Mr. Madhukar,
As per our knowledge following are the Prof Tax Rule
1. Profession Tax is deductable from 1st employee of the organization.
2. Employer has to pay his own prof. tax 2500/- per annum over and above all employees Prof tax.
Tax Deductable for employees Per Month basis on gross salary
Rs. 0 - Rs. 5000.00 - Nil
Rs. 5001.00 - Rs. 10000.00 - Rs. 175.00
Rs. 10001.00 & above - Rs. 200.00
Please go through site of mahavat.gov.in to get some more details.
For further assistance please feel free to get in touch with me.
Akshay Bapat
Payline India
9922998729

Dear VSRK Prasad,
There is no exemption for ex-servicemen working in civil jobs w.r.t. P.Tax.

Dear Madhukar,
Akshay Bapat has rightly interpreted the professional tax, as in the state of maharashtra it is covered to those who are earning by their own stack whether employer or employee. i wish to explain one additional information that for 10000 & above the rate is 200/- p.m. and in the last month i.e. February it is Rs.300/- to meet utmost slab of Rs.2500/-.
Senior Citizens, physically handicapped employee or even employed father/mother of disabled children are having relief from the act and remittance.
Regards
KIRAN KALE

Dear Mr. Kiran Kale,
Thank you for adding the point i had missed.
Mr. Kale I am in urgent need of one Pan India labour consultant for statutory Compliances for my client.
Request you to get in touch with me if you have Pan India Operations or suggest me any Labour consultant engaged in pan India Operations.
Thanks and regards,
Akshay Bapat
9922998729
Payline India