Ptrc applicability
WebWhat is the Applicability of PTEC and PTRC? Company/Firms/LLP: Company, firms, LLP, Corporation, societies, HUF, Associations, clubs are taxable entity. ... PTRC: (Professional Tax Registration Certificate): Government or Non- Government employer deducts the tax from the employee’s wages and deposits the same to the government. WebFeb 15, 2024 · A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. Profession Tax Is Deductible Under Section 16 (iii) Of The Income Tax Act. …
Ptrc applicability
Did you know?
WebApplicability: A person or employer by whom tax is payable under this Act: Exemption: A person above 65 Years of age, tax is not required to be paid under this Act: Registration Form: Form III B.xlsx: Registration Process: Online : List Of Documents For Registration: Memorandum Of Association and Incorporation Certificate ... Web66 rows · Commencement & Applicability of Profession Tax Provisions in Maharashtra. …
WebIt is a nominal tax and never exceeds a few hundred rupees a month. The maximum amount of Professional Tax that any state can impose in India is ₹2500. Further, the total amount of Professional Tax paid during the year is allowed as a deduction under the Income Tax Act. The objective of this article is to provide a broad overview of the ... WebChoose Service. A PTRC (Professional Tax Registration Certificate) is a document that is required for anyone engaged in business, profession, or calling. This document allows employers to deduct their employees’ tax. Those who are registered with the PTRC must also file a Form III-B return every year. The deadline for filing annual returns is ...
WebOct 13, 2024 · Professional Tax applicability As stated, there are rules that govern professional tax; some of these include: There are two types of Profession Tax … WebAug 17, 2024 · Basis the protocol there are two kinds of the Professional tax certificates that a company needs to obtain i.e. PTRC and PTEC, one is for professional tax registration …
WebPTRC: Personnel Time Recorder: PTRC: Public Transport Regulatory Commission (Jordan) PTRC: Petroleum Technology Research Center: PTRC: Pre-Trade Risk Control (financial …
WebOct 25, 2024 · PTEC stands for Professional Tax Enrollment Certificate and PTRC is Professional Tax Registration Certificate. PTEC permits to pay the professional tax of the … freezer warm fridge coldWebBlock will be used to display browser versions to be supported by portal. Supports: Firefox 10.0+, Google Chrome 6.0+, Internet Explorer 10.0+, Safari 4.0+ Web Information Manager fast acting lime for gardenWebptrc– PTRC is Professional Tax Registration Certificate. PTRC has to be collected by the employer (government or non-government) after deducting professional tax from the … freezer warm refrigerator okWebMay 6, 2024 · Applicability: It is applicable on: 1. Business including freelancers. 2. Professionals including CA, CS, Doctors ... for his/her/its business known as PTEC and another is professional tax deducted form the salaries of employees known as PTRC. These taxes are payable monthly, annually, semi-annually based on the law of the state. fast acting nsaidWebTemplate of PTRC returns in form III B for return periods upto March 2024 is separate and is available at “Download Forms”and “What's New Section”. Kindly use the appropriate template to upload your PTRC returns. For making any complaint about corruption, please contact the Chief Vigilance Officer, GST Department Maharashtra, Mumbai on ... fast acting natural laxative foodsWebJan 20, 2024 · Applicability of PTRC. This certificate is to be obtained by every person or employer who is liable to deduct profession tax from the salary or wage of any employee whose monthly salary is above Rs. 7,500/-. Documents Required for PTRC. The following are the list of documents and details required for registration of PTRC: Pan Card of the … fast acting nitrogenWebJul 16, 2024 · 2. Applicability of PTEC and PTRC: Applicability of PTEC: Every person who is engaged in any profession (business or service) excluding that of Partnership firm or HUF is liable to pay a profession tax of Rs. 2,500/- p.a. with the government every year after the … freezer warm refrigerator cold