07-14-2009, 04:30 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by zulfiqarqalandar</i>
<br />Dear all
Please help me about, what is professional tax why dedction and implementation.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Professional tax is levied under the Sindh Finance Act, 1964, as per which, all those employers , who start any Trade, Business, professions etc. then it must intimate the same with in 30 days of commencing the same to District Excise And Taxation Office in the form of PCT - 6.
The basis of Professional tax is to bring various categories of persons engaged in different trade, callings and professions.
<b>Category 1.</b> Rs.150/- per salaried person whose salary is taxable under Income Tax Law.
<b>Category 2.</b> All limited companies, modarbas, mutual funds and any other corporate body registered under Company Law.
<b>Category 3.</b> Importers and Exporters licence holder/owners of industry/factory and commercial establishments, contractor, suppliers, wholesaler, stockest, medical practitioner, Architect, Accountant, Car Dealer, Real Estate Agencies etc; (which should be on partnership or proprietorship).
<b>Category 4.</b> Rs.500/- per annum on the establishments which are not Income Tax assesses.
<b>Category 5. </b> Rs.2500/= per annum on all petrol pumps/CNG filing stations
Different provinces act on the rules as applicable in that province,the aforementioned rules are applicable to the Province of sindh, however the basis of professional tax is the same regardless of provinces.
Best Regards,
<br />Dear all
Please help me about, what is professional tax why dedction and implementation.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Professional tax is levied under the Sindh Finance Act, 1964, as per which, all those employers , who start any Trade, Business, professions etc. then it must intimate the same with in 30 days of commencing the same to District Excise And Taxation Office in the form of PCT - 6.
The basis of Professional tax is to bring various categories of persons engaged in different trade, callings and professions.
<b>Category 1.</b> Rs.150/- per salaried person whose salary is taxable under Income Tax Law.
<b>Category 2.</b> All limited companies, modarbas, mutual funds and any other corporate body registered under Company Law.
<b>Category 3.</b> Importers and Exporters licence holder/owners of industry/factory and commercial establishments, contractor, suppliers, wholesaler, stockest, medical practitioner, Architect, Accountant, Car Dealer, Real Estate Agencies etc; (which should be on partnership or proprietorship).
<b>Category 4.</b> Rs.500/- per annum on the establishments which are not Income Tax assesses.
<b>Category 5. </b> Rs.2500/= per annum on all petrol pumps/CNG filing stations
Different provinces act on the rules as applicable in that province,the aforementioned rules are applicable to the Province of sindh, however the basis of professional tax is the same regardless of provinces.
Best Regards,
