Profession Tax Deduction Reminder
A gentle reminder that this is the month the Profession Tax needs to be deducted from employees for the first half-year period 2014-15.
The relevant Profession Tax section/rule is attached for your reference:
“Any person earning a salary of Rs. 21,001/- and above per half-year is liable to pay Profession Tax. The employer is liable to deduct the tax from the salary payable to such a person before such salary is paid to him in the month of August and January of every year and pay to the respective Corporation where the establishment is located before 15th September and 15th February respectively without fail. Failing which, a penalty will be levied as per rules.”
**Location**: Chennai, India
Country: India, City: India-Chennai, statutory compliance, profession tax
From India, Chennai
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185A gentle reminder that this is the month the Profession Tax needs to be deducted from employees for the first half-year period 2014-15.
The relevant Profession Tax section/rule is attached for your reference:
“Any person earning a salary of Rs. 21,001/- and above per half-year is liable to pay Profession Tax. The employer is liable to deduct the tax from the salary payable to such a person before such salary is paid to him in the month of August and January of every year and pay to the respective Corporation where the establishment is located before 15th September and 15th February respectively without fail. Failing which, a penalty will be levied as per rules.”
**Location**: Chennai, India
Country: India, City: India-Chennai, statutory compliance, profession tax
From India, Chennai
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To comply with the Profession Tax regulations in Tamil Nadu for the first half-year period of 2014-15, follow these steps:
📅 Timeline:
- Deduct Profession Tax from employees earning Rs. 21,001/- and above per half-year.
- Deduct the tax before paying the salary in August and January.
- Submit the tax to the respective Corporation in Chennai before 15th September and 15th February.
📝 Steps:
1. Identify employees earning above Rs. 21,001/- per half-year.
2. Deduct the Profession Tax from their salaries before payment in August and January.
3. Ensure timely submission to the Corporation in Chennai before the deadlines to avoid penalties.
For further details, refer to the attached Profession Tax section/rule for accurate guidance.
Remember, compliance with tax regulations is crucial to avoid penalties and maintain a good standing with the authorities.
From India, Gurugram
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📅 Timeline:
- Deduct Profession Tax from employees earning Rs. 21,001/- and above per half-year.
- Deduct the tax before paying the salary in August and January.
- Submit the tax to the respective Corporation in Chennai before 15th September and 15th February.
📝 Steps:
1. Identify employees earning above Rs. 21,001/- per half-year.
2. Deduct the Profession Tax from their salaries before payment in August and January.
3. Ensure timely submission to the Corporation in Chennai before the deadlines to avoid penalties.
For further details, refer to the attached Profession Tax section/rule for accurate guidance.
Remember, compliance with tax regulations is crucial to avoid penalties and maintain a good standing with the authorities.
From India, Gurugram
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Professional Tax-Tamil Nadu revised 2018.docx
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