Professional Tax [Thread 304366]

Hi,
I am asking for anybody's kind attention in this regard..
Our company is registered under P.T. act in the month of November though we started functioning on September last.. Do we have to collect tax from Sept. onwards or from November month??
In case of pay cut (if any employee takes leave more than the eligible leave) how P.T. is calculated??
Waiting for your reply soon..
thanks & Regards,
Divya

Hi Divya ,
Professional should be paid from the business commencement itself. Coming to the professional tax calculations it is depend on the net salary of the candidate . ...
___
Thanks & Regards ,
Vani

Dear Divya,
Commencement of business is not the criteria for Profession Tax. Gross earnings of the employee for the half year will matter for payment of profession tax. Some states also consider payment of bonus as earnings of the employee during the half year.
If you can furnish the profession tax slabs applicable to your location members will be able to respond better.
M.V.KANNAN

Hi,
Thanks for the reply....this is the profession tax slab i got from Cochin Corporation, Kerala state.
Sl.No Half Yearly Income Half Yearly Tax
1 Rs 12000 to Rs 17999. Rs 120
2 Rs 18000 to Rs 29999 Rs 180
3 Rs 30000 to Rs 44999 Rs 300
4 Rs 45000 to Rs 59999 Rs 450
5 Rs 60000 to Rs 74999 Rs 600
6 Rs 75000 to Rs 99999 Rs 750
7 Rs 100000 to Rs 124999 Rs 1000
8 Rs 124999 and above Rs 1250

Dear All
How to calculate the amount for Labour welfare fund.
For Example
Jan 2010 No of Employees is 59
Feb 2010 No of Employees is 60
March 2010 No of Employees 57
…….
How to calculate the manpower for six months Labour Welfare in Tamil nadu
KVR

Hi Divya,
You have to pay the PT of all the staff from the month of salary disbursed.
You also have to pay the Professional Tax for Partners/Directors for which you have to take separate regn from the concerned authority of the state govt.
Thanks
Biju

Hi,
I am recently joined in software company, I am taking care all legal activites. We are paying professional tax to goverment since 2002.but we dont have PT No & our PT certificate has been misseplaced some where.
Could you please help me, how to obtain duplicate PT certificate from goverment & what is process for that.
Your early response would be appreciable.
Thanks,
Manoj
+91 9665414444

Dear Manoj,
When u r paying P.T. it is ok but on which account u r paying the same is a big question. becoz without registration the same remitted amount goes to the suspense account.
However u have to visit immediately to the P.T. Officer of ur area and register ur company in r/o employee deduction of P.T. Generally it attached to the sales tax department. go there and received prescribed form for registration if any or just apply on plane paper addressing The Professional Tax Officer of ur area. I don't know the area or state u belongs. but u follow the instructions as i have stated and go for registration number.
Regards,
KIRAN KALE

Dear Divya,

Consider the gross earnings of each employee for the period September onwards. Then remit profession tax according to the slabs.

Please also check the half year period applicable to your location. Based on this you need to remit profession tax at the end of each half year.

As regards recovery from employees it is suggested that you can recover it in 6 monthly instalments so that the employees do not feel the pinch of it in one month. Please also note if the employee quits during a half year, you need to consider his gross earnings for the half year till his date of exit and then deduct profession tax from his full and final settlement according to the profession tax slabs (while doing so you need to consider the profession tax already deducted by you on a monthly basis as suggested by me). If my understanding is correct profession tax paid by employees is exempt from tax to the extent paid by the employee (check with your finance department).

Trust the matter is clarified

M.V.KANNAN

Dear KVR,
The answer to your question on labour welfare fund contribution lies below.
Persons who are employed for 30 days during the preceding 12 months, irrespective of their monthly income, should contribute to the Fund.
All establishments should send their contribution of Rs.15 — employer’s share of Rs.10 and employees’ contribution Rs.5 each — per employee for 2007 by Demand Draft in favour of the Secretary, Tamil Nadu Labour Welfare Board, DMS Compound, Teynampet, Chennai 600 006.
Please raise a seperate thread as the query relates to a different subject and members may not be in a position to respond to your query as it is part of a different subject.
Regards
M.V.KANNAN