🔵Professional Tax Calculation, Eligibility, Penalty Explained

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Learn what is Professional Tax, how to calculate Professional Tax, its eligibility, applicability and penalties. Professional Tax is different for different states and mostly applicable to Southern India rather than Northern India.
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Read this in English: labourlawadvisor.in/blog/prof...
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Chapters:
01:03 What is Professional Tax?
01:50 Applicability of Professional Tax
02:50 Calculation of Professional Tax
04:30 State-wise Professional Tax
05:00 Registration for Professional Tax
05:58 Responsibility of submission and deduction
06:41 Return of Professional Tax
07:25 Income tax benefit
07:48 State payment links
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#ProfessionalTax #StateProfessionalTaxRate #ProfessionalTaxCalculation #LLA

[@LabourLawAdvisor]

📚Tax Planning Course: www.taxplanningforsalariedemployees.com/ 📚Professional Tax Maharashtra Course: learn.lpt.institute/s/store/courses/description/Professional-Tax-Maharashtra 📱QuickPayroll: quickpayroll.in/ 💸DEMAT Account: link.lla.in/Demat

[@gautamparasharjha5521]

Sir telangana is also applicable for PT

[@jpranay283]

Sir, agar koi employee na ho to bhi kya Proprietor ko PTRC me registration karavana jaruri hai?

[@StayPositive-mt2xx]

Sir salaried person kisivi profession ma ho uska upor p tax lagta hay kay?

[@SaralPayPackofficial]

Glad you found our blog useful :)

[@bijayghosh906]

You are really doing a great job.

[@chandankumarsahoo_1959]

I really understand well sir... Thanks

[@yogender3789]

Sir, first of all I appreciate your videos and the way of answering to any question. I request you to make a video on CTC and salary components which one is taxable or tax expected upto how much amount. Please consider about my humble & polite request. Thanks.

[@sidsodani21]

Boring topic made interesting..... Thank You so Much Sir...

[@riteshrathore6494]

Very informative.. Thanks

[@durgapitale2029]

Thank you 👍 very well explained 😊

[@joshiramesh50]

Very good information, thank you Sir

[@7276556536]

Thanks. It's business all about

[@imranhusain7294]

Great going bro..

[@00011164]

Thanks for making this channel and putting your time and efforts to create content on latest updates on labor law.. keep up the good work.. thanks once again.. Regards, Rohit Goa.

[@LabourLawAdvisor]

Rohit Bhai, Goa aaenge to ghum doge ?

[@00011164]

Labour Law Advisor yes definitely will meet👍🏻👍🏻

[@ashwanbhatnagar8945]

Very good information for all

[@ajang7913]

Thanks... Pls make a same video on LWF also

[@shrikantpise8436]

Thanks sir

[@dancinghandsindia730]

great job

[@shaktichauhan6111]

Thnk u Sir

[@bantikhan8380]

Thanku Sir

[@moshinali3156]

Thanks

[@surendersethii162]

Please make video relate to registration and contribution process of PTX and LWF Because no such kind of video available on internet

[@hirakmitra3371]

U r great

[@RavindraKhandelwal]

Sahi aadmi hai

[@pradoskumar953]

Good video

[@rajatmanhas3472]

It's applicable in Sikkim as well.

[@subhambiswas5307]

Sir can you please give the detail video on assam regarding professional tax in detail?It will very help for us.

[@mr.s6246]

Sir, Kindly request you please make a video about working hours in a day.

[@akashkamble3291]

Sir please upload video on registraton of ptrc

[@HCA108]

Hello sirji, Could you please let me know what to choose while making payment of PT in mahagov site for 'Order type'?

[@pbw1980]

nice info

[@ranbawalemaruti3806]

good video

[@danielkholi8411]

Please make a video on Income Tax Act 10(26)

[@kaluchorasiya2095]

Nice

[@chandrapaljain6392]

Difference between 010-(1)(A)(A)-SHOP & ESTABLISHMENT EMPLOYERS COVERED BY THE B.S.& E. ACT HAVING NO EMPLOYEE And 010-(1)(B)(A)-SHOP & ESTABLISHMENT EMPLOYERS NOT COVERED BY THE B.S.& E. ACT HAVING NO EMPLOYEE

[@mohandalwala1314]

nice

[@vidyasagardesaraju78]

Can we approve DOL in service history of an employee through online kyc?

[@Mjakhanofficial1]

a: low premium high cover

[@brajabidhu]

Question from Odisha Professional Tax point of view: 1) Whether deduction of professional tax from the monthly salary / wages can be on the basis of monthly payout or is it on the annual gross pay out ? 2) Can the bonus provision, which is an annual pay out to calculate the professional tax deduction month on month, be taken into account on deduction of professional tax from the monthly salary / wages ? 3) Can the gratuity provision, which is also a part of CTC to calculate the professional tax deduction month on month, be taken into account on deduction of professional tax from the monthly salary / wages ? 4) Can professional tax be deducted from an employee whose monthly gross wage is less than Rs.13,304/- ?

[@timeless_imprint001]

Helpful content & good sense of humor!!

[@icai-interestingfactsandru4397]

Sir If I paid 4000 rs as professional tax ,then which will be the deduction amount from gross total income ?? 4000 or 2500 ??

[@Ayushjain-cl8pw]

Please sir make a video on pt of gujarat

[@mednyaneshwarborse7950]

Sir, I'm from maharashtra in a last month means wages month March 2019 and which PTRC paid on April 2019 is correct we paid PTRC. we done it but some reason we have paid more money for this month in 30 April 2019... that we paid but in gras system reflect it your payment paid by bank but pending for RBI so what i do now for that return can't submit on portal without RBI Approval

[@pradoskumar953]

C: insurance+investment

[@GauravSharma-im8nu]

Please provide the link again to check the professional tax applicable on salary.

[@princeagarwal4164]

Are we required to deduct p tax on leave encashment and incremental salary ?

[@wickybalar7972]

Sir please upload video on pt registration in Tamil nadu. Thanks

[@manishajain2546]

Sir if a company is has two gst in one state then ptax for noth gstin need to be paid?

[@karamjeetkaur4368]

Sir your all videos are very important and useful . But nobody make videos state of Punjab. Kindly make video on state of Punjab codes

[@creativeideas8049]

Sir, IF PTRC payment wrongly gone to PTEC then what to do ?? Please advice

[@smartschool3251]

Punjab main b development Tex lagta hai 2400 per year.

[@kulkarni2949]

👍

[@m2pande]

A question.. if a Pvt LTD company is registered in haryana and all TDS and GST filing happens in haryana then do they need to register for professional tax in Maharashtra if a few employees are located in a Mumbai office?

[@nehalverma8063]

Thank you Sir for this video. Can we save this professional tax by any means legally?

[@yogitapatil1637]

how to professional tax calculate male/female in salary sheet. (Maharashtra state) pls share video

[@pratibhasawant6500]

Professional tax is applicable on subsistence allowance

[@canaveenrathore6030]

A: low premium high cover

[@iliyas10]

Nice info. but I have a Query Ive registered for GST in May-2019 but I didnt knew abt PTEC (as there are no employess with me) I got a email from sales tax Dept. regarding registration of PTEC before 31.03.2020 but I failed to do so for some reason. Now my I have registered for PTEC on 06.04.20 so and in the Registration cert. is says "The holder of this certificate shall pay the tax for the unenrolled period at Rs. 0.00 immediately forthe years 0-0 (Previous years); Rs 2500.00 on or before 30-Jun-20 for year 2020-2021 (current year) and Rs 2500.00 per annum on or before 30th June of every year, in the manner prescribed in rule 20 of the Maharashtra State Tax on Professions Trades, Callings and Employments Rules, 1975." what should I do. should I pay previous year tax. or continue paying PTEC advance.. plz help

[@rajmak1881]

chan

[@vidyasagardesaraju78]

Can we approve DOL in service history of an employee through online kyc

[@parshotamsingal8893]

Please, add Punjab in the list of States, where Professional Tax is applicable.

[@anilmohanty4096]

Thanks sir me request pe app video banaye

[@gauravagarwal8634]

Pls tell something on provisional income shown by employer in form 16 but not given and tax deducted accordingly

[@raghavasharma4523]

A. low premium and high cover

[@aseempandey8118]

How to deduct Professional Tax, on Gross wages or Gross Income ?

[@bibhutibhusanbehera5160]

Hello sir, I am from odisha. In between financial year if I change from one plant to other on sep. Month, is the 2nd plant can deduct 2500/- ?My 1st plant already deducted. 200/- p/m from April to aug?

[@prakashrawat2015]

One company is deducting professional tax under 194J, at Noida however Uttar Pradesh is not in list those deduct 194J. Let me know if I am on right track...?

[@lalitpatil3742]

Commercial vehicle ka prof. Tax kaise calculate kare

[@jyotishirsath7053]

Pls mujhe ek batayina, Pvt LTD company me agar salary pe TDS katate to Kya us vakt PT bhi deduct hoga kya

[@nishantshah6038]

Employeed personal has no tax liability and when he received salary pro. Tax is deducted than such tax is refundable or just claim as deduction while calculation taxable salary....?

[@shylajapraveen2745]

Dear Sir, We have made payment of PT twice for the month of May 2020. What is the process to get a refund of the extra amount paid?

[@harshadakarde1985]

i want to know about PTEC can you explain

[@patelmeet4436]

A.Low premium high cover

[@mhcat31268]

How to file ptax of company or business please prepare video

[@JithenVarma-ih7gs]

Sir, Had a doubt when a company is deducting and paying PT online for their employees & why the company need to file returns online again any how is there any chance both can be done in single screen online.

[@IndianChatGPT]

Answer to your questions is option A... But anyways here we are having a bigger question : Why Rajasthan Delhi UP dont have this.. How can this should be removed from the states which are imposing this additional burden to middle class working taxpayers who already gives taxes + GST while purchasing the goods from the market with whatever leftovers ( income - taxes) ...

[@jameenakumari2332]

Hi sir, am from Chennai as I have an query, I am normal employee and I resigned my job on Nov 19 and I had 60 days notice period and I relived on Jan 11 2020. My last pay of pro.tax was sep 2019. But now they deduct Pro.tax in my settlement they said it was period of Oct 2019 to Mar 2020. Plz advice is this correct and pro.tax also includes when the employee servied notice period

[@aranibasu5761]

@LabbourLawAdvisor Please tell me onething I'm a employee and hv to pay Professional Tax, so can I claim it through ITR, I'm exempted from Tax Bracket..

[@thewholeknowledge8635]

A. Low premium high cover.

[@sandiptushamad7956]

Answer is Option a) low premium high cover

[@souravdas978]

I'm not cheated from your video.

[@maithilimore203]

Sir kya aap bata sakte he ki kitane pement par ye taxes shuru hota he Maharashtra state me

[@mdeepakkmr]

PTRC Payment need to pay Monthly or Yearly if previous year liability less than 1lakh ???

[@sswathi7142]

Sir, we have registered office in Telangana. We are having PT registration in Telangana only .. But we are paying salaries to employees in different states from Telangana only...but we don't have PT registration in other states.. can we deduct & pay PT as per Telangana pt act for other states?

[@sgkeepsmiling]

Punjab mei bhi lagta h professional twx

[@dharmeshpatel1102]

Is bonus and leave falls under professional tax please advise

[@birlasolan]

Sir I had reverse back my form 10c by the bank due to mismatch name on my bank account in 2010. Then I register grievance in the pf site they said to full fill again the all claim form so I sent it again but now I will not get my form 10c amount. So I request you kindly suggest me what can I do.

[@loveleshgahlod5321]

PR file returns fill krna is mandatory for employees or employers???

[@soumyanayak279]

#80 ans isC

[@srpayprivatelimited9666]

Sar private limited company ke liye pt registration compulsart he kya in mp Hamare pas koi empyoyed nhi h

[@AshishSingh-ee9kx]

We have proprietorship company registered under GST from 2017-18 in west bengal. All GST returns are filled NIL since no transaction as on date with no employee except proprietor . We receive notice from professional tax authority for payment...are we liable ? Or we have an option of explaining our situation to waive off penalty....pls guide ?

[@nilofarrangoonwala3864]

What can be done if PT is deducted from 2 organisation.....if you are working with both organisation

[@sandeepjadhav6452]

A: Low premium high cover

[@ranjeetchoudhari841]

HI sir, i have filled the excel template but once click on validate button msg showing your form is validated and its error free and also showing path of txt file but txt file not getting generate even showing msg the file has been saved. Please help me sir.

[@acharyak6503]

Hi Sir I have opened a Gst registration Jun 17th 2019 as a proprietor but in 20 days I received a professional tax notice of 2400 + penalty. Is this sent by mistake or legimate . From karnataka.

[@umeshvaishnav650]

A.low premium high cover

[@novice1503]

What a genius rule... Just an example if I put my 200 rs in equity mutual fund in any small cap fund for 60 years and if I get 12% compounding return my future value wil 3.20 cr 😔

[@poonamdaniel8156]

Is currently PF still applicable in only these states - as I read additional 7 States/UT added in this list Manipur - Mizoram-Nagaland-puducherry-sikkim-telangana-goa , Please help to confirm.

[@sammyjha4754]

I am registering for PTEC . I own an online e-commerce business. I am a single owner and do not have any employees. What should I select under -." Entry No. under Schedule I to the Profession Tax Act, 1975" ? I am starting my business in a month. I do not have any income yet. What should I select under -." Entry No. under Schedule I to the Profession Tax Act, 1975" ? Look forward to hearing from you

[@kathrotiyakeval]

What is the roll of proffesnal tax in itr for empoloyer

[@ranjithshetty9852]

Sir please tall me professional tax interest calculation. Please reply immediately

[@DkDhmal9525]

A low premium hight cover