What is the due date for professional tax payment in Gujarat?
What is the due date for professional tax payment in Gujarat?
Remember, here respective employer or the business owner must complete payment within 15 days after the end of the previous quarter. Therefore, the due dates of quarterly professional tax payment in Gujarat are as follows, 15th July (for April to June quarter) 15th October (for July to September quarter)
Is PT applicable in Gujarat?
The maximum amount of professional tax that can be levied is Rs. 2,500 per year….Gujarat Professional Tax Slab Rates and rates.
| Monthly Income of the TaxPayer | Professional Tax Amount Payable |
|---|---|
| For salary between Rs.9,000 to Rs.11,999 | Rs.150 |
| For salary of Rs.12,000 and above | Rs.200 |
What is sales tax return in India?
To fill the Sales Tax return, registration number of Value Added Tax or Tax Identification Number in case of manufacturing or trading of goods in India. An Individual or entity who is engaged in doing business of trading of goods and has a turnover of above 5 Lakh is required to file Sales Tax.
How can I register for VAT in Gujarat?
Original Documents required for verification:
- PAN Card of the Company.
- Address proof in respect of Place of Business.
- Identity proof of Director of the Company.
- Residential address proof of Director (whose Identity Proof is given as above)
- TIN/ CST Certificates of Head Office, Branches outside the State of Gujarat.
What is PT payment due date?
If an employer has employed more than 20 employees, he is required to make the payment within 15 days from the end of the month. However, if an employer has less than 20 employees, he is required to pay quarterly (i.e. by the 15th of next month from the end of the quarter).
Who is exempt from professional tax Gujarat?
It will be applicable to small factory owners, traders, employers, professionals working under the jurisdiction of local self-government ranging from gram panchayats to municipal corporations. This is an opportunity to get exemption for corrections and omissions by those who fear penalty.
Is sales tax and GST same?
The goods and services tax (GST) is an indirect federal sales tax that is applied to the cost of certain goods and services. The business adds the GST to the price of the product, and a customer who buys the product pays the sales price inclusive of the GST.
What is return sale tax?
It means that Sales Tax is also paid to the governing body on the basis of the sale of services and goods. Sales tax is type of indirect tax which is levied on purchase or exchange of certain goods which are taxable. It is charged on the percentage of valuation of goods.
What is CST deposit?
CST Payment CST tax is collected and retained by the State from where the transfer or sale takes place. Hence CST payment would be due monthly or quarterly and varies from state to state.
What is P tax return?
According to this section, the professional tax that an employee pays is allowed as a deduction from their gross salary while filing their income tax returns. P-tax is a State Government tax levied on individuals who earn income from any profession, trade or employment. Not all states levy this tax.
What is PT annual return?
Every employer registered under the Profession Tax Act is required to furnish an annual return in Form 5 within 60 days of the expiry of a year. Further, the employer shall pay the full amount of tax payable on the basis of such return as reduced by any tax already paid along with monthly statement in Form 5A.
