Compliance with Profession Tax Rules
I request the correct procedure relating to compliance with Profession Tax Rules. If a company's payroll for all employees working in different states is centrally processed from Mumbai (salaries paid from Mumbai), is the company required to deduct Profession Tax according to the tax slabs of the various states in the country?
Regards
From India, Mumbai
Acknowledge(0)
Amend(0)
5I request the correct procedure relating to compliance with Profession Tax Rules. If a company's payroll for all employees working in different states is centrally processed from Mumbai (salaries paid from Mumbai), is the company required to deduct Profession Tax according to the tax slabs of the various states in the country?
Regards
From India, Mumbai
Acknowledge(0)Amend(0)
Understanding Professional Tax
The Professional Tax is a tax levied by individual states and goes into the treasury of the respective corporation or city. This will vary from state to state, and in some cases, within the state, there will be variance from corporations to cities.
This tax has to be deducted according to the state, corporation, or city where the employee is working and must be paid in that location, provided you have an office at that location.
From India, Chennai
Acknowledge(1)Amend(0)
The Professional Tax is a tax levied by individual states and goes into the treasury of the respective corporation or city. This will vary from state to state, and in some cases, within the state, there will be variance from corporations to cities.
This tax has to be deducted according to the state, corporation, or city where the employee is working and must be paid in that location, provided you have an office at that location.
From India, Chennai
Acknowledge(1)Amend(0)
I will answer you in different words. If you are working in my state, I will certainly expect that you will pay your taxes on employment to my state, irrespective of where your salary is paid, where your headquarters are, or under whom your terms of employment are subjected.
I hope you got the answer to your query.
From India, Mumbai
Acknowledge(0)Amend(0)
I hope you got the answer to your query.
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Copy of Profession-Tax- State-Wise.xls
Profession Tax.doc
Profession tax rates.jpg