We are processing the salary of our Bangalore office from the Mumbai Head Office and deducting Profession Tax as per the Maharashtra Profession Tax Slab, depositing it into the Maharashtra State Government. Can you suggest to me whether what we are doing is wrong or right and how we should deduct it? What are the rules and penalties associated with this? It is urgent; please, can anyone suggest to me.
From India, Mumbai
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1From India, Mumbai
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Hi,
What you are doing is wrong. You need to:
- Calculate PT for Bangalore employees according to Karnataka PT slabs.
- Apply for PT registration at Karnataka PT authorities and get a PT registration number.
- Till then, do not deposit Bangalore PT anywhere.
- Once you receive Karnataka PT number, you can deposit all Bangalore PT there.
From India, Mumbai
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What you are doing is wrong. You need to:
- Calculate PT for Bangalore employees according to Karnataka PT slabs.
- Apply for PT registration at Karnataka PT authorities and get a PT registration number.
- Till then, do not deposit Bangalore PT anywhere.
- Once you receive Karnataka PT number, you can deposit all Bangalore PT there.
From India, Mumbai
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Effective from 1st August 2008, professional tax slabs have been revised in Karnataka. I would like to share the details I have received on this.
Hitherto, Professional Tax was applicable for employees drawing a salary of Rs3,000 and above per month. Consequently, PT payable was Rs30 for the salary slab of Rs3,000 to Rs4,999.
W.E.F. 1-08-2008, employees drawing a salary up to Rs4,999 per month are exempted from payment of PT. The existing slab w.e.f. 1-08-2008 is as follows:
1. Rs5,000 to Rs7,999 - Rs60
2. Rs8,000 to Rs9,999 - Rs100
3. Rs10,000 to Rs14,999 - Rs150
4. Rs15,000 and above - Rs200
From India, Mumbai
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Hitherto, Professional Tax was applicable for employees drawing a salary of Rs3,000 and above per month. Consequently, PT payable was Rs30 for the salary slab of Rs3,000 to Rs4,999.
W.E.F. 1-08-2008, employees drawing a salary up to Rs4,999 per month are exempted from payment of PT. The existing slab w.e.f. 1-08-2008 is as follows:
1. Rs5,000 to Rs7,999 - Rs60
2. Rs8,000 to Rs9,999 - Rs100
3. Rs10,000 to Rs14,999 - Rs150
4. Rs15,000 and above - Rs200
From India, Mumbai
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Dear Mr. Nikky,
Please let me know as I am a little confused. If we have branches in the same area, for example, Mumbai: if we had 3 to 5 outlets, do we have to take a different PT code?
Also, if from one branch we had been allotted a PT code and further, due to some problem, we closed that branch, what formalities need to be followed? Because the code allotted branch itself is closed.
I am waiting for your response.
Regards,
Ramnath
From India, Bangalore
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Please let me know as I am a little confused. If we have branches in the same area, for example, Mumbai: if we had 3 to 5 outlets, do we have to take a different PT code?
Also, if from one branch we had been allotted a PT code and further, due to some problem, we closed that branch, what formalities need to be followed? Because the code allotted branch itself is closed.
I am waiting for your response.
Regards,
Ramnath
From India, Bangalore
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