Dear Madhu, I want to Register the Company under PT Registration in Cochin. What is the Procedure and Rules? Please Clarify.....
From India, Bangalore
From India, Bangalore
There is no separate revenue slabs for employers but the same which is applicable to employees applies to employers also. Please remember that the figures are not salaries but the income/ revenue earned which implies that profession tax is payable not merely on salary but on all sorts of income, that is income by means of fees )doctors, lawyers and other professionals pay PT on their fees), turnover (traders, industrialists and commercial establishments pay it based on their turnover) and so on.
Regards,
Madhu.T.K
From India, Kannur
4248Regards,
Madhu.T.K
From India, Kannur
Dear Kdonline,
If your company is situated in the corporation or municipal area then it is Rs.2500/- fixed per six months. ie is you have to pay the PT before march 31st and september 31st.
If you really what to outsource your compliance service, then we are ready to help you. We are the leading labour law compliance consultancy in kerala having PAN india presence.
From India, Kochi
If your company is situated in the corporation or municipal area then it is Rs.2500/- fixed per six months. ie is you have to pay the PT before march 31st and september 31st.
If you really what to outsource your compliance service, then we are ready to help you. We are the leading labour law compliance consultancy in kerala having PAN india presence.
From India, Kochi
PT has to be paid for the company as well as the employee of the company. For company it is 2500 per six months fixed and for the employees it is according to the slab.
From India, Kochi
From India, Kochi
Is there any employer contribution for professional tax in Kerala to be paid...which comes up to 1250 once in every six months.. if yes.. can any one please send me the link where I can find the Law in writing...
From India, Kollam
From India, Kollam
That is not employer's "contribution" but it is the amount that the employer has to pay on the revenue/ income that he generates. One should understand that profession tax is a tax on revenue, need not necessarily be salary but it can be any type of revenue, like fees which a doctor or lawyer collects, and so on. When it comes to an employer it will be the turn over which is considered as the revenue generated. An employer whose revenue during the half year is less has to pay less tax and the maximum is Rs 1250 and it follows the same table as is applicable to others like employees.
Madhu.T.K
From India, Kannur
Madhu.T.K
From India, Kannur
Hello Madam,
I read the above thread regarding professional tax and had some queries. I am working as a resident doctor( trainee) in a private hospital in Kochi and getting stipend. My employer recently deducted RS. 1250/- from my stipend as professional tax. When I asked for a receipt,they plainly refused to give one. Should this tax be cut from my stipend and I am not even eligible for a receipt?
Is this tax to be taken from me as well as I am getting only stipend. Before this, I was working as a postgraduate in trivandrum medical college and never even once my tax was deducted. Moreover stipend is not taxable so should they deduct this professional tax from my stipend?
Your clarification would be of great help.
Thanks.
From India, Chennai
I read the above thread regarding professional tax and had some queries. I am working as a resident doctor( trainee) in a private hospital in Kochi and getting stipend. My employer recently deducted RS. 1250/- from my stipend as professional tax. When I asked for a receipt,they plainly refused to give one. Should this tax be cut from my stipend and I am not even eligible for a receipt?
Is this tax to be taken from me as well as I am getting only stipend. Before this, I was working as a postgraduate in trivandrum medical college and never even once my tax was deducted. Moreover stipend is not taxable so should they deduct this professional tax from my stipend?
Your clarification would be of great help.
Thanks.
From India, Chennai
Profession tax is not a tax on "salary" but it is on any income received and, therefore, stipend will attract profession tax. Now regarding receipt, it is not the employer who will issue the receipt but the Local administration, ie, Kochi Corporation, who will issue the receipt. It may also happen that the Corporation may issue one receipt for the entire amount paid by the employer on account of employees and in such cases individual receipts may not be available. You can also see that in your Income Tax form 16 issued by the employer the amount you have paid towards profession tax, Rs 2500 (1250 for half year) will be shown as deduction from the salary income. This will support your stand of having paid the profession tax.
Madhu.T.K
From India, Kannur
Madhu.T.K
From India, Kannur
Dear Madhu,
I have one doubt. If employee works for say 4 months in kerala than PT is to be deducted for 4month or 6 month.
Say Mr.X earning Salary of 125000 for for months than PT will be Rs. 832/- ( i.e. for 4 months ) or Rs. 1,250 /- ( i.e. for 6 months )
Can you please clarify above mentioned queries.
From United Arab Emirates, Dubai
I have one doubt. If employee works for say 4 months in kerala than PT is to be deducted for 4month or 6 month.
Say Mr.X earning Salary of 125000 for for months than PT will be Rs. 832/- ( i.e. for 4 months ) or Rs. 1,250 /- ( i.e. for 6 months )
Can you please clarify above mentioned queries.
From United Arab Emirates, Dubai
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