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Emgage Community > Complaince > Professional Tax > Professional Tax Details > Professional Tax Punjab

Professional Tax Punjab

Monthly Income (INR) Tax per month (INR)
Above ₹. 250000 ₹. 200
Payment Due Date :
Website : https://www.pextax.com/PEXWAR/appmanager/pexportal/PunjabExcise

Documents required

  1. Memorandum Of Association
  2. Articles Of Association
  3. PAN Card
  4. Lease Agreement

Forms

  1. – Form PSDT-8

Exemptions

  • Senior Citizens
  • People who earn wages on a casual basis
  • Individuals who are completely reliable on agricultural activity for making an income.

Consequences

  • Delay in Registration or Enrollment: INR 50 per day
  • False Information: INR 5000 per day
  • Willful failure to maintain accounts and documents related to the provision: INR 50/- per Day
  • Failure to comply with any of the provisions of the Act: A penalty of INR 5000/- plus INR 50/- per day if the same continues.
  • No penalty under this section shall be imposed without offering the assessee a reasonable opportunity of being heard.

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