Professional Tax :
Punjab
Act Information
Act:Punjab State Development Tax Act, 2018
Rule:Punjab State Development Tax Rules, 2018
Applicability:It is applicable on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961.
Professional Tax Slabs
S.No.:1.
Category:Having income more than 250000
Frequency:Monthly
Professional Tax Paid:200
Employment Categories
Category:Having income more than 250000 per year
Applicability Date:By last of every month
Return Date:By 13 April (Annually)
Penalty:On delayed registration will lead to Rs. 50 per day, on late filing return fine of Rs. 50 per day and Late payment or non payment 2% interest and penalty of 50%.