Hello Everyone,
We are a start-up IT company in Tamil Nadu. Our company was registered with an address in Tuticorin, Tamil Nadu. However, we have rented offices in Chennai and Bangalore, and a few people are working from these two cities. We don't have any branch in Tuticorin as it is an interior part of Tamil Nadu, and we don't want to have employees from there.
We started our company in the financial year 2012-13, and until now, we have only been deducting TDS for our employees. However, I was informed by a government official that we need to deduct professional tax for employees every six months and the same has to be paid to the local corporation or municipality. I managed to search online and found the appropriate tax slabs.
Here is our question: As per the company registration certificate, the registered company address is in Tuticorin, but our employees are working in Chennai and Bangalore. So, where and how do we need to pay this professional tax?
Your answers would be really helpful for a start-up company like ours. Thanks in advance.
From India, Madras
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1We are a start-up IT company in Tamil Nadu. Our company was registered with an address in Tuticorin, Tamil Nadu. However, we have rented offices in Chennai and Bangalore, and a few people are working from these two cities. We don't have any branch in Tuticorin as it is an interior part of Tamil Nadu, and we don't want to have employees from there.
We started our company in the financial year 2012-13, and until now, we have only been deducting TDS for our employees. However, I was informed by a government official that we need to deduct professional tax for employees every six months and the same has to be paid to the local corporation or municipality. I managed to search online and found the appropriate tax slabs.
Here is our question: As per the company registration certificate, the registered company address is in Tuticorin, but our employees are working in Chennai and Bangalore. So, where and how do we need to pay this professional tax?
Your answers would be really helpful for a start-up company like ours. Thanks in advance.
From India, Madras
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Hi,
For the employees who are working in Chennai and Tuticorin, you shall pay in Chennai. But for the employees in Bangalore, you should approach for separate registration in Bangalore. Even the tax amount should be paid in Bangalore only. Being PT as a State act, the tax amount should be paid in the respective state only. In Karnataka, PT should be collected monthly and should be deposited on a monthly basis only.
From India, Bangalore
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For the employees who are working in Chennai and Tuticorin, you shall pay in Chennai. But for the employees in Bangalore, you should approach for separate registration in Bangalore. Even the tax amount should be paid in Bangalore only. Being PT as a State act, the tax amount should be paid in the respective state only. In Karnataka, PT should be collected monthly and should be deposited on a monthly basis only.
From India, Bangalore
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Hi,
We would like to clarify your doubts on PT.
As far as Professional Tax is concerned in Tamil Nadu, the following payments are to be made in the respective corporations or municipalities:
1) Professional Tax Employees Contribution - This has to be remitted where you have a branch or employees in a particular location as per the slab.
2) Professional Tax Employer Contribution - This has to be remitted where you have a branch or employees in a particular location - based on the highest slab rate.
3) Company Tax - This has to be remitted where you have registered your company and obtained the Certificate of Incorporation - Constant Rs. 1000/-
Since you have not engaged employees in Tuticorin, you have to pay only the Company Tax amount in Tuticorin. The rest of the contributions should be paid in Chennai.
To remit the PT payment in Chennai or Tuticorin, you should register your branch or corporate office in the respective locations. Once you get the registration certificate under Professional Tax, you can start remitting the payment once every six months.
There are two half-yearly periods in PT remittance:
1st Half - April to September (should be paid on or before 15th September)
2nd Half - October to March (should be paid on or before 15th February)
We hope we have clarified your doubts.
As a consultant, we do support for registration and remittance under the Professional Tax all over Tamil Nadu. If you are looking for our support, please write to us at the given email ID.
Please refer to our Newsletter to know about the PT slab rates in different locations.
From India, Chennai
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We would like to clarify your doubts on PT.
As far as Professional Tax is concerned in Tamil Nadu, the following payments are to be made in the respective corporations or municipalities:
1) Professional Tax Employees Contribution - This has to be remitted where you have a branch or employees in a particular location as per the slab.
2) Professional Tax Employer Contribution - This has to be remitted where you have a branch or employees in a particular location - based on the highest slab rate.
3) Company Tax - This has to be remitted where you have registered your company and obtained the Certificate of Incorporation - Constant Rs. 1000/-
Since you have not engaged employees in Tuticorin, you have to pay only the Company Tax amount in Tuticorin. The rest of the contributions should be paid in Chennai.
To remit the PT payment in Chennai or Tuticorin, you should register your branch or corporate office in the respective locations. Once you get the registration certificate under Professional Tax, you can start remitting the payment once every six months.
There are two half-yearly periods in PT remittance:
1st Half - April to September (should be paid on or before 15th September)
2nd Half - October to March (should be paid on or before 15th February)
We hope we have clarified your doubts.
As a consultant, we do support for registration and remittance under the Professional Tax all over Tamil Nadu. If you are looking for our support, please write to us at the given email ID.
Please refer to our Newsletter to know about the PT slab rates in different locations.
From India, Chennai
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Thank you so much 'Pragnaa HRCS - Tamil Nadu & Pondicherry'. Your answers made my Google search halt. I never thought I would get as clear information as yours when I posted this question.
Thanks 'Jeevarathnam P' for taking the time to post your message. I will revert to you guys in case of any other doubts. Much appreciated.
From India, Madras
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Thanks 'Jeevarathnam P' for taking the time to post your message. I will revert to you guys in case of any other doubts. Much appreciated.
From India, Madras
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Dear all,
For a company, Professional tax payable in Tamil Nadu. There are 3 types of professional tax payable:
1) Professional tax for Directors (₹2190 yearly)
2) Staff (₹2190 yearly as per salary slab)
3) For the company (₹2190 yearly)
Now, the professional tax office is asking to pay company capital tax as per slab from when the company incorporation was done. Is that true? Can you please clarify this? May I have the details of all payments to be made in professional tax for the company?
From India, Madras
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For a company, Professional tax payable in Tamil Nadu. There are 3 types of professional tax payable:
1) Professional tax for Directors (₹2190 yearly)
2) Staff (₹2190 yearly as per salary slab)
3) For the company (₹2190 yearly)
Now, the professional tax office is asking to pay company capital tax as per slab from when the company incorporation was done. Is that true? Can you please clarify this? May I have the details of all payments to be made in professional tax for the company?
From India, Madras
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Dear Kalloshr,
Yes, Company Tax needs to be paid as per the slab once every 6 months. The following payments are required to be made once every 6 months. The relevant notifications/slab rates for PT & Company Tax are attached.
1) Employer's Tax for the highest slab - Rs. 1095/-
2) Employees' Tax based on the Gross earnings of the last six months
3) Company Tax as per the table
It is not necessary to pay separately as Director PT; that can be included in the employees' list when required.
Please revert if any clarifications are needed.
From India, Chennai
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Yes, Company Tax needs to be paid as per the slab once every 6 months. The following payments are required to be made once every 6 months. The relevant notifications/slab rates for PT & Company Tax are attached.
1) Employer's Tax for the highest slab - Rs. 1095/-
2) Employees' Tax based on the Gross earnings of the last six months
3) Company Tax as per the table
It is not necessary to pay separately as Director PT; that can be included in the employees' list when required.
Please revert if any clarifications are needed.
From India, Chennai
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Dear Pragnaa HR,
Thank you for your response. In the professional tax office, they are asking to pay company capital tax as per the slab from when the company incorporation date had been done. Is that true? Can you please clarify this?
Attribution: https://www.citehr.com/435691-need-i...#ixzz2z3Ab9oG0
From India, Madras
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Thank you for your response. In the professional tax office, they are asking to pay company capital tax as per the slab from when the company incorporation date had been done. Is that true? Can you please clarify this?
Attribution: https://www.citehr.com/435691-need-i...#ixzz2z3Ab9oG0
From India, Madras
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Yes, that (Company Tax) needs to be paid from the date of inception or certificate of incorporation obtained, but that can be paid without any penalty involved.
From India, Chennai
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From India, Chennai
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Hi all,
Can anyone help me explain the procedures to register a company under Professional Tax in Tamil Nadu? Also, kindly assist me in understanding the mandatory forms and documents needed to be submitted for registering PT in Tamil Nadu.
Regards,
Prabhakaran.J
From India, Madras
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Can anyone help me explain the procedures to register a company under Professional Tax in Tamil Nadu? Also, kindly assist me in understanding the mandatory forms and documents needed to be submitted for registering PT in Tamil Nadu.
Regards,
Prabhakaran.J
From India, Madras
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