E payment of profession tax

Table of Content • • • • • What is Professional Tax? Professional Tax is a direct tax which is levied monthly by most Indian State Governments on your income from salary, trade, profession or calling. Under Clause (2) of Article 276 of the Constitution of India,1949, state governments were given the power to come up with Who needs to pay the professional tax Professional tax payment is a revenue source for the government. The maximum amount for professional tax online payment per annum is Rs 2,500 and if salaried, follows the declared pre-determined professional tax slab schedule. Traders, architects, company secretaries, lawyers, doctors, chartered accountants etc. have to mandatorily make a professional tax payment to the Commercial tax department of the state. Private company employees also need to In the case of a company, its partners, directors, self-employed professionals, and owners of trading firms the tax may be fixed on the turnover basis or on a fixed amount of Rs 2,500 per annum irrespective of turnover. Professional tax registration and process 1. The system enables recorded data to be done all at once or in batches. 2. Keep a completed APPT Form on hand in case of emergency. Forms may be found on the webpage, www.apct.gov.in. This will aid in data input speed. 3. Keep visiting www.apct.gov.in – APPT Enrollment Process for the process and documentation to be submitted with the petition. 4. Go to a. Password may be obtained by clicking here. A new tab will app...

Professional tax is collected each month by many Indian State Governments on the earnings you get from your work, profession, calling, or salary. In the provisions of Clause (2) in Article 276 in the constitution of India in 1949, the state governments were provided with the authority to establish income tax slabs and the tax rates for professional income.The maximum amount of Professional Tax that any government could impose in any state is ₹2,500 . Did You Know? The highest Professional Tax amount is ₹2500 no matter which Indian state it is. The entire professional Tax paid during the year is permitted as a reduction as per the Income Tax Act. Also Read: Who Pays the Professional Taxes? Before knowing how to pay professional tax , let's know who exactly has to pay it. Taxes on professionals are applicable to employees who are self-employed or salaried. Tax is applicable as a percentage of what they earn in private and government organisations. Professional tax is dependent on a minimum level of income and is imposed according to the slab rates applicable to the state. Tax payment for professionals is an important source of revenue for the state. The maximum amount that professionals tax online payments have to pay per year is ₹2,500 . If you receive a salary, the amount is based on the professional tax slabs for the year as per the schedule. Traders, architects and lawyers, doctors, company secretaries, chartered accountants and others. Must pay a professional tax to the...

TRADE CIRCULAR Date: 11/01/2012 Trade Cir.1T of 2012 Sub: Electronic payment under the Profession Tax Act, 1975. Ref: Government Resolution No.vyakar — 1011/Pra. Kra-56/Taxation-3 Mantralaya, Mumbai 400032 dated 8th December 2011. Gentlemen / Sir / Madam, The dealers under the MVAT Act 2002 and the CST Act 1956 are successfully using the facility of filing electronic returns and making e payments on www.mahavat.gov.in. the web site of Maharashtra Sales Tax department (MSTD) This facility was to be provided to the profession tax registration certificate holders (PTRC) and the profession tax enrollment certificate holders (PTEC). The Profession Tax Act was accordingly amended w.e.f. 1st May 2010 by inserting section 7A to provide for filing of electronic return (e-Return) and making electronic payment (e-Payment). Filing of e-Return has already been made mandatory to all the employers registered under the Profession Tax Act from 1st August 2011. A government resolution Dt. 08.12.2011 is passed providing for e payment under the allied Acts administered by the MSTD. The facility for electronic payment under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975 (Professions Tax Act) is accordingly being provided. 2. It is hereby informed that all the PTRC holders and PTEC holders liable to pay tax or any amount due under the Professions Tax Act, may opt to make profession tax payment electronically through the net-banking from 1 January 2012. Prese...