Find out your Profession Tax Number
- Step 1: Visit the website
- Step 2: At the bottom of the Home Page click on Know your TIN.
- Step 3: Enter your PAN Number in the box provided.
- Step 4: Your Name along with the Profession Tax Number will display.
- Step 5: Your detailed information will display.
What is Prof tax in salary slip?
Professional tax is a tax that is levied by the state government and applies to income you earn through employment. You can often find the deduction for the same on your salary slip each month.
On which amount professional tax should be deducted?
Levied under Article 276(2) of the Indian Constitution, Professional Tax is deducted by the employer from the salaries of employees every month and remitted to the state; the maximum amount that can be levied annually under this head is Rs 2,500.
What is PTEC number?
Professional Tax Enrollment Certificate (PTEC) Companies with Directors will have to obtain the Professional Tax Enrollment number and need to pay Rs. 2500. This payment needs to be made by the company for its existence and getting engaged in the profession in Maharashtra.
What is the limit for paying professional tax?
This is a type of tax that needs to be paid by each and every individual earning income. The calculation of this tax and the amount collected differs from one state to another. However, the limit has been set to Rs. 2500 per year. Why does professional tax vary for different people?
What is the limit of professional tax in India?
A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. According to Section 16 (iii) of the Income Tax Act 1961, the profession tax paid by an employee is allowed as a deduction from his/her gross salary income. Following are some of the Indian states and union territories where professional tax is applicable:
How much tax can be deducted as profession tax?
The employer needs to get a Certificate of Registration from the concerned authority to be able to deposit the deducted profession tax. A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year.
Where can I get a professional tax registration number?
Once the form is received, a registration number will be issue to the individual. Payment of the professional tax can be made under these registration numbers at banks.
