Hi, Can someone help me : Do we need to pay professional tax of a particular month for an employee who is on leave without pay for the whole month? thanks
From India, Mumbai
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3From India, Mumbai
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When the employee is not present for the whole month their is no need to pay his/her professional tax for the same month.
From India, Nasik
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From India, Nasik
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You are from Mumbai, and your query is related to Maharashtra Professional Tax. You are liable to deduct PT and remit it accordingly when the gross earnings of an employee are more than Rs. 5000/- in a particular month. When an employee is on loss of pay, he has not earned any wages. Where is the question to pay PT by you in such a case?
From India, Mumbai
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From India, Mumbai
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When an employee is on LOP, there are NO earnings for the month. If you are displaying full earnings and deductions for the month, that is incorrect. For example, if his monthly gross is ₹15,000/-, his actual gross is ₹15k, whereas the earned gross will be zero. Therefore, there will be no PT.
From United States, Ogden
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From United States, Ogden
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PT deduction is based on Salary drawn. if no pay means no PT for that particular month
From India, Madras
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From India, Madras
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Understanding Profession Tax
Profession tax is a type of tax collected by the municipality, corporation, or panchayat from professionals working in an establishment. This tax covers individuals involved in professions, trade, and employment. It is mandatory for all employers to collect tax from employees based on their earnings. The tax collected is used for the welfare of society at large. The collection of profession tax depends on the states and is governed by the Professional Tax Act, a state act. In some states, it is collected every month, and in others, it is collected on a half-yearly basis.
Professional Tax Deductions
Professional tax is deducted based on earnings, and different states follow different slabs. When there are no earnings, professional tax is not applicable.
Thanks and Regards,
Srinivas Marnade
From India, Hyderabad
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Profession tax is a type of tax collected by the municipality, corporation, or panchayat from professionals working in an establishment. This tax covers individuals involved in professions, trade, and employment. It is mandatory for all employers to collect tax from employees based on their earnings. The tax collected is used for the welfare of society at large. The collection of profession tax depends on the states and is governed by the Professional Tax Act, a state act. In some states, it is collected every month, and in others, it is collected on a half-yearly basis.
Professional Tax Deductions
Professional tax is deducted based on earnings, and different states follow different slabs. When there are no earnings, professional tax is not applicable.
Thanks and Regards,
Srinivas Marnade
From India, Hyderabad
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Understanding the Professional Tax (PT) Process
Please explain the PT process after collecting and preparing the challan form. Should we pay at the bank to the commercial department? What is the online process and the PT returns periodicity?
Thanking you.
From India, Secunderabad
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Please explain the PT process after collecting and preparing the challan form. Should we pay at the bank to the commercial department? What is the online process and the PT returns periodicity?
Thanking you.
From India, Secunderabad
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Professional tax hyderabad.doc
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Professional Tax.zip