I have recently started a recruitment consultancy consisting of two directors. We do not have any employees.
We have directors' PIN numbers. Do we need to pay directors' professional tax? We are not salaried as it's a completely new consultancy. If we have to, may I know the procedure on how to pay directors' tax when they are not drawing a salary from the company? Also, let me know which circle it comes under. My consultancy is located in Sanathanagar.
Thanks,
praketconsultancy@hotmail.com
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We have directors' PIN numbers. Do we need to pay directors' professional tax? We are not salaried as it's a completely new consultancy. If we have to, may I know the procedure on how to pay directors' tax when they are not drawing a salary from the company? Also, let me know which circle it comes under. My consultancy is located in Sanathanagar.
Thanks,
praketconsultancy@hotmail.com
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You have to pay the Professional Tax for both the Directors and the Company. Please find the details below:
1. For Directors - ₹2,500 per Director every year in the month of June. (If it is a partner - ₹1,250 each)
2. For Company - ₹2,500 once a year in the month of June.
3. Please check the circle where it comes under in the registration certificate of Professional Tax. For example, if it comes under Sanathnagar Circle, it should be mentioned as "DCTO Sanathnagar Circle" on the cheque.
Hope this information helps you.
Thank you.
From India, Hyderabad
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161. For Directors - ₹2,500 per Director every year in the month of June. (If it is a partner - ₹1,250 each)
2. For Company - ₹2,500 once a year in the month of June.
3. Please check the circle where it comes under in the registration certificate of Professional Tax. For example, if it comes under Sanathnagar Circle, it should be mentioned as "DCTO Sanathnagar Circle" on the cheque.
Hope this information helps you.
Thank you.
From India, Hyderabad
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Professional Tax.zip
Professional Tax 01-Apr-2009.pdf
New Rates of Professional Tax.doc