Hello Sir,
Professional tax registration certificate (PTRC) is to be obtained by the company in the role of Employer.
The company will have to deduct Professional Tax on Salaries paid by it to its employee where the salary paid to such employee exceeds Rs.7,500/- per month
Professional tax Enrollment certificate(PTEC) is to obtained by the company for its own existence and engaging in profession (and of-course business too) within the state of Maharashtra.
PTR will have to be paid according to salary paid to its employees whereas PTE liability for company is fixed at Rs.2500/- annually.
Regarding Companies with Directors : Company will have to obtain PTE no. and pay Rs. 2500. This payment is to be made by company for its own existence and getting engaged in profession in Maharashtra.
In respect of PTR liability, if directors are whole time director or any of them is managing director, then such directors are considered as employees of the co. and therefore company will have to obtain PTR no. and deduct Rs.200 per month ( Rs.300 for February month) from each directors salary and make such tax payments according to prescribed periodicity. The directors in that case will not be required to obtain PTE no seperately.
However, In case of directors other than whole time director or managing director, such directors will have to separately obtain pte no and will to have to pay Rs 2500 independently annually.
The company will have to deduct Professional Tax on Salaries paid by it to its employee where the salary paid to such employee exceeds Rs.7,500/- per month
Professional tax Enrollment certificate(PTEC) is to obtained by the company for its own existence and engaging in profession (and of-course business too) within the state of Maharashtra.
PTR will have to be paid according to salary paid to its employees whereas PTE liability for company is fixed at Rs.2500/- annually.
Regarding Companies with Directors : Company will have to obtain PTE no. and pay Rs. 2500. This payment is to be made by company for its own existence and getting engaged in profession in Maharashtra.
In respect of PTR liability, if directors are whole time director or any of them is managing director, then such directors are considered as employees of the co. and therefore company will have to obtain PTR no. and deduct Rs.200 per month ( Rs.300 for February month) from each directors salary and make such tax payments according to prescribed periodicity. The directors in that case will not be required to obtain PTE no seperately.
However, In case of directors other than whole time director or managing director, such directors will have to separately obtain pte no and will to have to pay Rs 2500 independently annually.
