Dear Respected ones, Regarding Professional Tax Karnataka Clarification
1. If we pay a yearly bonus at a festival time on a separate statement. It's not include the salary statement on that month it is right or wrong, And Yearly bonus pay will applicable PT?
2. We have three units in Karnataka, and our payroll processing is centralised. We have a single PT Code for all branches; if we have a single code, we pay a renewal/loyalty Charge in April and have to pay a single or three.
Please suggest
From India , Bangalore
11. If we pay a yearly bonus at a festival time on a separate statement. It's not include the salary statement on that month it is right or wrong, And Yearly bonus pay will applicable PT?
2. We have three units in Karnataka, and our payroll processing is centralised. We have a single PT Code for all branches; if we have a single code, we pay a renewal/loyalty Charge in April and have to pay a single or three.
Please suggest
From India , Bangalore
Profession tax is a tax on revenue and not tax on salary alone. As such, if your employees are paid yearly bonus, that should also be considered for deciding the profession tax payable. If the system is payment of profession tax in half yearly basis, then the amount of the bonus amount shall be included in the earnings in that half year period and calculate the tax payable.
If you have centralised pay processing system, you should make it branch wise for professional tax purpose and pay the tax of the employees in each branch at the respective local self government (corporation, Municipality or Panchayat) only. The professional tax is an income of the LSGs and therefore, it cannot be paid at one Corporation/ municipality/ panchayat where your head office is situated.
From India, Kannur
If you have centralised pay processing system, you should make it branch wise for professional tax purpose and pay the tax of the employees in each branch at the respective local self government (corporation, Municipality or Panchayat) only. The professional tax is an income of the LSGs and therefore, it cannot be paid at one Corporation/ municipality/ panchayat where your head office is situated.
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Professional tax hyderabad.doc
Professional Tax.zip
Professional Tax 01-Apr-2009.pdf