Professional Tax For Directors

[Astarag]

Dear friends

 

the company is deducting PT from the remuneration paid to MD and WTD every month

 

as per AP Professional Tax for each director PT of Rs. 2500 p.a.
has been prescribed

is it required to pay Rs 2500 as PT again

 

please reply
--
with regards,

Cs. P.A. Patnaik

[Astarag]

reply please...

[CS Sunil Sharma]

Dear

 

In my opinion the PT is meant for the professionals rendering services to the company in the PROFESSIONAL NATURE, while when we talk about the nature of directorship we didnt consider the nature of services as professionals except the persons covering under the proviso to section 309 (1), eg Dr, media persons, in the respective industry.

 

Therefore, the TDS, rate shall be applicable as of a salaried person!

 

 

reply please...

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Regards,


Sunil Sharma
(CS & LLB)
Company Secretary
Rockland Hospitals Limited
B-33-34, Qutab Institutional Area,
New Delhi - 110016
Mobile:  +91-9650872243,
            +91-9868977722

[Jayashree Chandrasekaran]

i feel your query is not clear...i assume that your question is if
Profession tax has been deducted from salary then is it necessary to
pay Profession tax again for the same director...if this is the
question then in my opinion if you pay once it is enough compliance
Pls clarify
Jayashree

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[Reshma]

Mr.Patnaik,

 

Do you mean that the state of Andhra Pradesh (AP) deducts professional tax other than the Central levy?

 

Please clarify.

 

Reshma

--

[Astarag]

yes its under AP Professional tax

[Reshma]

Mr.Patnaik,

 

My question would have been otherway! Sorry.

 

Profession Tax is state levy and there is no central legislation for deducting PT.

Reshma

[Astarag]

yes madam

please tell me what amount we should pay now

 

Rs 100 = Rs 2500 - Rs200x12(already deducted)

or Rs. 2500

[CS Sunil Sharma]

Dear All,

 

CAn anybody pls clarify how can you deduct tax at Professional rate??????????
 

On 6/12/10, Astarag <papa...@gmail.com> wrote:

--

[Reshma]

Please refere the attachment on the subject matter and deduct PT accordingly.

 

Reshma