Professional Tax (PT) payment of Rs 2,500/- for the Financial Year 2023-24 by the employer

Dear Sir/Madam

The Professional Tax (PT) payment of Rs 2,500/- for the Financial Year 2023-24 by the employer has to be made on or before 30.04.2023, based on your GSTIN in KVAT website.

Link for payment of PT – https://vat.kar.nic.in/epay/

After payment need to submit PT return in Form A by using this

link  https://gst.kar.nic.in/ptenroll/  

Professional tax payment requires to make Rs.2,500/- for each place of business (Companies having several units has to make PT payment unit wise)

EXEMPTION:

1.     Tax Payer having a turnover less then Rs 20 lakhs not liable to make PT payment.

2.     No tax is payable by persons who have attained age of sixty five years

3.     No tax is payable for holding any Profession for less than 120 days in that year

REGISTRATION:

1. In case of salary or wage earners whose salary or wage for a month is not less than Rs.15,000/-, the employer is liable to deduct Profession Tax Rs 200/- per month.

• It is the responsibility of the employer to deduct tax and pay on behalf of all such employees within 20 days of expiry of the month.

• If the amount of tax deducted in a month is less than Rs.5,000/-, the employer could opt for payment of such tax within 20 days of expiry of a Quarter