Dear All,
I have 2 queries related to Professional Tax
1) My Company has head office in Chennai & regional office in mumbai. we have 3 directors, 2 in Chennai & 1 in mumbai. we are paying employees PT according to states rules (ie; for Mumbai employees as per PT Maharashtra rule & for Chennai as per Tamilnadu rules).
For Chennai, Employer pt is paid (twice in a year alongwith employees pt), for Mumbai do i have to pay PTEC for 1 director who sits in mumbai office? PTEC is tax paid on behalf of company or it is employers tax deduction? in case 1 more director is added in company who will work from mumbai office then i have to pay tax for 2 directors using PTEC no ??
2) in year 2016-17, our annual PT was below 50,000/- so we filed annual returns in year 2017. for year 2017-18, in December 2017 we crossed 50,000/- so do we need to pay monthly return, if yes then from which month if no then kindly assist us with the month of annual returns payment & also from next financial year ie; 2018-19 do we need to file monthly returns??
your valuable guidance will be highly appreciated..
Thanks,
S.K.
From India, Mumbai
I have 2 queries related to Professional Tax
1) My Company has head office in Chennai & regional office in mumbai. we have 3 directors, 2 in Chennai & 1 in mumbai. we are paying employees PT according to states rules (ie; for Mumbai employees as per PT Maharashtra rule & for Chennai as per Tamilnadu rules).
For Chennai, Employer pt is paid (twice in a year alongwith employees pt), for Mumbai do i have to pay PTEC for 1 director who sits in mumbai office? PTEC is tax paid on behalf of company or it is employers tax deduction? in case 1 more director is added in company who will work from mumbai office then i have to pay tax for 2 directors using PTEC no ??
2) in year 2016-17, our annual PT was below 50,000/- so we filed annual returns in year 2017. for year 2017-18, in December 2017 we crossed 50,000/- so do we need to pay monthly return, if yes then from which month if no then kindly assist us with the month of annual returns payment & also from next financial year ie; 2018-19 do we need to file monthly returns??
your valuable guidance will be highly appreciated..
Thanks,
S.K.
From India, Mumbai
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Professional tax hyderabad.doc
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