Professional Tax Punjab

Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

Nikhil GuptaComments Off on Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

The P.Tax Act/Rules for Punjab have been notified. Below the Professional Tax Checklist for Punjab State.

Click here to download notification

 

S No. State ACT Mode of deduction Periodicity of deposition Due date of P.Tax Payment for Employees Due date of P.Tax Payment/Annual Return for Employer Penalty for Late P.Tax Payment P.Tax Slab rates
1

 

 

 Punjab Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

 

 Monthly

 

 

 

 Quarterly

 

 

 

 Employees due date is not prescribed yet.

 

 

 30th April

 

 

 

 Interest @2% for every month

 

 
  1. All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 – Rs. 200/-
  2. All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961 – Rs. 200/-
  3. But Exempting Senior Citizens as per the Income Tax Act, 1961

 

Click here to download notification

 

Nikhil Gupta

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