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Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

The P.Tax Act/Rules for Punjab have been notified. Below the Professional Tax Checklist for Punjab State.

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S No. State ACT Mode of deduction Periodicity of deposition Due date of P.Tax Payment for Employees Due date of P.Tax Payment/Annual Return for Employer Penalty for Late P.Tax Payment P.Tax Slab rates
1

 

 

Punjab Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments

 

Monthly

 

 

 

Quarterly

 

 

 

Employees due date is not prescribed yet.

 

 

30th April

 

 

 

Interest @2% for every month

 

 

  1. All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 – Rs. 200/-
  2. All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961 – Rs. 200/-
  3. But Exempting Senior Citizens as per the Income Tax Act, 1961

 

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