Hi,
The Government of Punjab has enacted The Punjab State Development Tax Act, 2018 and notified the same in the Official Gazette published on 19th April 2018, introducing professional tax. The Rule has yet to be framed.
The levy and charge of tax have been stipulated under Section 4(2) and 4(3) as follows:-
Section 4(2): Every person engaged in any profession, trade, calling, or employment and falling under any class mentioned in the Schedule shall be liable to pay the tax at rates mentioned in the Schedule from time to time.
Section 4(3): The tax under this Act shall be levied on the persons in the categories mentioned in the Schedule only if they are income tax payees, i.e., the tax for any particular financial year shall be payable under this Act only by those persons whose taxable income for the same financial year, before allowing deduction on account of tax levied under this Act, exceeds the maximum amount which is not chargeable to Income Tax by the amount of tax payable by him under this Act for that year.
The class of persons and the rate of tax payable as per the Schedule referred to in Section 4(2) and (3) are as follows:-
- All such persons who are assessable under the Head Income from Salaries and/or Wages as per the Income Tax Act, 1961:
Rs. 200/- per month
- All such persons who are assessable under the Head Income from Business and/or Profession as per the Income Tax Act, 1961:
Rs. 200/- per month
A copy of the Notification is attached herewith.
From India, Kolkata
63The Government of Punjab has enacted The Punjab State Development Tax Act, 2018 and notified the same in the Official Gazette published on 19th April 2018, introducing professional tax. The Rule has yet to be framed.
The levy and charge of tax have been stipulated under Section 4(2) and 4(3) as follows:-
Section 4(2): Every person engaged in any profession, trade, calling, or employment and falling under any class mentioned in the Schedule shall be liable to pay the tax at rates mentioned in the Schedule from time to time.
Section 4(3): The tax under this Act shall be levied on the persons in the categories mentioned in the Schedule only if they are income tax payees, i.e., the tax for any particular financial year shall be payable under this Act only by those persons whose taxable income for the same financial year, before allowing deduction on account of tax levied under this Act, exceeds the maximum amount which is not chargeable to Income Tax by the amount of tax payable by him under this Act for that year.
The class of persons and the rate of tax payable as per the Schedule referred to in Section 4(2) and (3) are as follows:-
- All such persons who are assessable under the Head Income from Salaries and/or Wages as per the Income Tax Act, 1961:
Rs. 200/- per month
- All such persons who are assessable under the Head Income from Business and/or Profession as per the Income Tax Act, 1961:
Rs. 200/- per month
A copy of the Notification is attached herewith.
From India, Kolkata
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Dear Sir/Mam, we want to take Punjab PT registration so please guide us to take registration thanking you sunny
From India, Gurgaon
From India, Gurgaon
Hi Sunny
Even though The Punjab State Development Tax Act, 2018 has been published in the Gazette notifying the date of enactment with effect from April 16, 2018 the Rules, Forms, Portal for Registration payment etc has not yet been prescribed by the Govt as of now. Hence, we have to wait for registration.
Regards
P.S.Lakshmanan
S. G. Management Services
(PAN INDIA Consultant – Labour Law Compliance,
PF, ESI, P Tax, Benefit Management &
POSH COMPLIANCE) - KOLKATA
From India, Kolkata
Even though The Punjab State Development Tax Act, 2018 has been published in the Gazette notifying the date of enactment with effect from April 16, 2018 the Rules, Forms, Portal for Registration payment etc has not yet been prescribed by the Govt as of now. Hence, we have to wait for registration.
Regards
P.S.Lakshmanan
S. G. Management Services
(PAN INDIA Consultant – Labour Law Compliance,
PF, ESI, P Tax, Benefit Management &
POSH COMPLIANCE) - KOLKATA
From India, Kolkata
can we start deduction from employees salary....or have to wait for registration
From United States, Cambridge
From United States, Cambridge
Hi, Please confirm if any one have updates on Punjab Development tax registration process. Is it started or not. Regards Amulya
Please can you confirm what is the limit for the same so we can deduct the PT amount from Employee salary.
From India, Chandigarh
From India, Chandigarh
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