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Professional Tax Interview Questions & Answers - Learning Mode
COOLINTERVIEW.COM TAX INTERVIEW QUESTIONS PROFESSIONAL TAX INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE

Professional Tax Interview Questions & Answers - Learning Mode

Professional tax is the tax by the state governments in India. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection. Professional Tax is a tax levied on professions and trades in India. It is a state-level tax and has to be compulsorily paid by every member of staff employed in private companies.

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Professional Tax Interview Questions & Answers - Learning Mode
Try Professional Tax Interview Questions & Answers - Exam Mode
Question: What is the rate of interest for late payment of Professional Tax (PT)?

Answer: The rate of interest is one and quarter percent per month of the amount of such belatedly paid Professional Tax (PT). Source: CoolInterview.com
Question: If the dealer is registered under MVAT Act, then is it necessary to be registered under Profession Tax Act in Maharastra?

Answer: Yes, it is necessary for a Registered dealer under MVAT Act to obtain registration under Profession Tax Act ,if he has employed one or more persons who are drawing salary in excess of Rs. 5000/- per month. Source: CoolInterview.com
Question: What are the categories of persons liable for Profession Tax?

Answer: The categories of persons liable for Profession Tax are any individual, a Hindu Undivided Family, firm, company, corporation or other corporate body, any society, club or association. Source: CoolInterview.com
Question: What is Profession Tax in Delhi?

Answer: Profession Tax is not levied in Delhi. Source: CoolInterview.com
Question: On what basis Profession Tax shall be calculated?

Answer: Profession Tax shall be calculated at the rate mentioned in Schedule I, on the basis of salary or wages earned per month by the employees and for others it shall be calculated at the rate mentioned in front of their corresponding entry in Schedule I. Source: CoolInterview.com
Question: Who can apply for Profession Tax Registration Certificate?

Answer: Any of the categories of person who is paying salary or wages to one or more employee, wherein this salary or wages paid to anyone or more employees exceeds Rs. 5000/- per month, is liable for registration under Profession Tax Act. Such a person can only apply for registration certificate. Source: CoolInterview.com
Question: Who is appellate authority in Maharastra, under Profession Tax Act?

Answer: For first appeal against any order passed by Profession Tax Officer, in Mumbai, the appellate authority is Deputy Commissioner of appeal (P-2), Mazgaon, while for areas outside Mumbai the respective Deputy Commissioner of appeal in that area is the first appellate authority. Against the order passed by Deputy Commissioner of appeal the next appeal is to filed with the concerned Joint Commissioner of appeal of that area.

The appeal against the order passed by any officer not below the rank Source: CoolInterview.com
Question: Who can get exemption from Profession Tax?

Answer: Exemptions from paying profession tax is granted to:-

1. Members of defense as defined in Army Act 1950, Airforce Act 1950, Navy Act 1950 reserve and auxiliary services drawing pay and allowances under the budgetary allocations of Defense Services excluding persons drawing pay and allowances from the establishments of Defense Ordinance Factories situated in any part of the Maharashtra State,

2. the badli workers in the textile industry,

3. any person suffering from permanent Source: CoolInterview.com
Question: What is registration certificate for profession tax and what is enrollment Certificate?

Answer: Every employer, other than Government officer, who is liable to deduct and pay Profession Tax on behalf his employees, is given a registration certificate. Every person liable to pay profession tax, other than a person whose profession tax is payable and paid by his employer, is given a enrollment certificate i.e. enrollment certificate is issued to an individual person, company, society etc as the case may be only while registration certificate may be issued to any of categories of persons elig Source: CoolInterview.com
Question: Is there any facility of making lump sum payment of Profession Tax?

Answer: Yes, there is a facility of making lump sum payments for Enrollment Certificate holder who is liable to pay tax at the rate of Rupees 2500 per annum. Source: CoolInterview.com
Question: Are self employed persons eligible to get enrollment certificate of Professional Tax (PT)?

Answer: The self employed persons who are employing other personals and paying them salaries or wages, and onwards in the schedule I appended to the Profession Tax Act, are eligible to get enrollment certificate. Source: CoolInterview.com
Question: What is Profession Tax in West Bengal?

Answer: Profession Tax in West Bengal is governed by the West Bengal State Tax on Professions, Trades, Callings and Employment Act, 1979.

The profession tax slab rate on salary and wages are as follows:-

Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
a. Less than Rs. 8,500 Nil
b. Rs. 8,501 to Rs. 10,000 Rs. 90 p.m.
c. Rs. 10,001 to Rs. 15,000 Rs. 110 p.m.
d. Rs. 15,001 to Rs. 25,000 Rs. 130 p. Source: CoolInterview.com
Question: What is Profession Tax in Andhra Pradesh?

Answer: Profession Tax in Andhra Pradesh is governed by the Andhra Pradesh Tax on Professions, Trades, Callings and Employment Act, 1987.

The profession tax slab rate on salary and wages are as follows:-

Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
d. Less than Rs. 15,000 Nil
e. Rs. 15,001 to 20,000 Rs. 150 p.m.
f. Rs. 20,000 and above Rs. 200 p.m.

Consequences for late payment or non paymen Source: CoolInterview.com
Question: Can those employing wage earners get a registration certificate of Professional Tax (PT)?

Answer: Yes, they can get Registration Certificate if they are employing wage earners on regular basis, as only persons earning wages on casual basis are not liable to pay profession tax. Source: CoolInterview.com
Question: If there is no previous year in the profession then what will be the rate of Profession Tax?

Answer: Only for the purpose of Entry 8 pertaining to dealers registered under MVAT Act or only under CST Act, if there is no previous year for such dealer, the rate of the tax shall be Rs.2000.

For persons covered by other entries there is no concession available once the person becomes liable to pay tax except persons, who are not liable to pay tax during first year of standing in profession. Source: CoolInterview.com
Question: What is the time limit for obtaining Registration Certificate of Professional Tax (PT) as an employer?

Answer: An employer, who wishes to obtain Registration Certificate of Professional Tax (PT), has to apply for the same within thirty days of his becoming liable to pay tax. Source: CoolInterview.com
Question: Who is assessed under Profession Tax Act?

Answer: An employer liable to pay Profession Tax is assessed under Profession Tax Act. Source: CoolInterview.com
Question: Are medical practitioners, commission agents and partners of firms eligible for enrollment certificate for Professional Tax (PT)?

Answer: Yes, they are eligible as follows:-
Class Entry
Medical Practitioners 2(b).
Commission Agents 2(e).
Partners of firms 19. Source: CoolInterview.com
Question: What type of incentives will be available after making such lump sum payment for Enrollment Certificate for Professional Tax (PT)?

Answer: The incentive is that any increase in tax liability in future during those five years shall not vary the tax liability i.e. Such a Enrollment Certificate holder will not have to pay any additional amount on account of increase in rate of tax during those five years. Source: CoolInterview.com
Question: What is Profession Tax in Maharashtra?

Answer: Profession Tax in Maharashtra is governed by the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975.

The Profession Tax slab rate on salary and wages are as follows:-
Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
a. do not exceed rupees 7,500 Nil
b. i) In case of male: exceeds Rs. 7,500 but does not exceed rupees 10,000 Rs. 175 p.m.
ii) In case of female: does not exceed Rs Source: CoolInterview.com

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