I have recently started a recruitment consultancy consisting of two directors. We do not have any employees.
We have directors pin no.
Do we need to pay directors professional tax ? We are not salaried as its completely new consultancy.
If we have to ,may I know the procedure how to pay directors tax who is not drawing salary from the company. Also let me which circle it comes under and My consultancy is located in sanathanagar.
Thanks
praketconsultancy@hotmail.com
We have directors pin no.
Do we need to pay directors professional tax ? We are not salaried as its completely new consultancy.
If we have to ,may I know the procedure how to pay directors tax who is not drawing salary from the company. Also let me which circle it comes under and My consultancy is located in sanathanagar.
Thanks
praketconsultancy@hotmail.com
Hi
You have to pay the Professional Tax for both the Directors and the Company.
Please find the below details;
1. For Directors - 2,500/- per Director every year in the month of June. ( If it is a partner - 1250/- each)
2. For Company - 2,500- once in a year in the month of June.
3. Please check the circle where it comes under in the registration certificate of Professional Tax.
Example if it comes under Sanathnagar Circle, it should be mentioned as "DCTO Sananthnagar Circle" on the cheque.
Hope this information might help you.
Thank you.
From India, Hyderabad
16You have to pay the Professional Tax for both the Directors and the Company.
Please find the below details;
1. For Directors - 2,500/- per Director every year in the month of June. ( If it is a partner - 1250/- each)
2. For Company - 2,500- once in a year in the month of June.
3. Please check the circle where it comes under in the registration certificate of Professional Tax.
Example if it comes under Sanathnagar Circle, it should be mentioned as "DCTO Sananthnagar Circle" on the cheque.
Hope this information might help you.
Thank you.
From India, Hyderabad
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