Understanding Profession Tax: How Does It Affect Companies and Their Employees?

Hi all,

I want clarification about the provisions of Profession Tax. It is payable by the company registered under the Companies Act 1956 and engaged in any profession, trade, etc. I also want a list of those professions, trades, etc, based on the annual income of the company. The above-mentioned company is also required to deduct the staff profession tax from its employees' salaries. Are both actions independent? Please clarify.

Regards,
Sheetal

Hi,

Please follow the link given below; this provides a list of trades covered under the purview of Professional Tax: http://maharashtra.gov.in <link updated to site home>.

If you still do not find the desired answer, you may submit a query on the following link of the Maharashtra government: http://maharashtra.gov.in <link updated to site home>.

Warm regards, Umesh Chaudhary (welcomeumesh@yahoo.com)