Professional tax registration services Professional Tax in West Bengal: Everything Explained - People who receive a salary in West Bengal are familiar with the concept of “professional tax”. This term doesn’t only apply to salaried people but to all individuals who earn an income. Therefore, all people who earn money should have a thorough understanding of professional tax in West Bengal. Go through the following sections to understand the meaning of professional tax, payment process and all related information!
What Is Professional Tax in West Bengal?
The Government of West Bengal imposes a professional tax on individuals and employees involved in various professions who generate income through trades, professions, or employment. The West Bengal State Tax on Professions, Trades, Callings and Employment Act, 1976, was implemented with the purpose of levying a tax on various professions, trades, callings, and employments. Read the following table to learn about the current professional tax slab in West Bengal. Income of Taxpayer (Monthly) Payable Professional Tax Amount (Monthly) Employees earning up to ₹ 5,999 Nil Employees earning between ₹ 6,000 to ₹ 8,999 ₹ 80 Employees earning between ₹ 9,000 to ₹ 11,999 ₹ 150 Employees earning ₹ 12,000 or above ₹ 200 Who Is Responsible for Collecting and Paying Professional Tax in West Bengal?
Different municipal corporations in West Bengal are collecting professional tax. Salaried Individual:Salaried Individuals who are paid a salary are responsible for paying Professional Tax in West Bengal. The employer deducts the tax from the employee’ salary or income and pays it to the State Government of West Bengal. Self-employed Individual:A self-employed individual who works independently is responsible for paying their own professional tax to the West Bengal State Government.
When Is the Due Date for Professional Tax Payment in West Bengal? Professional taxes are paid or collected both monthly and quarterly. For companies with fewer than 20 staff/employees, the employer or business owner must make the payment within 15 days of the following month. If a company has more than 20 employees, the employer or business owner should pay the PT in West Bengal every quarter before the 15th of the following month.
It is important to note that payment must be made within 15 days after the end of the quarter. Therefore, the due dates of quarterly professional tax payment in West Bengal are as follows, 15th July (for April to June quarter) 15th July (for April to June quarter) 15th October (for July to September quarter) 15th October (for July to September quarter) 15th January (for October to December quarter) 15th January (for October to December quarter) 15th April (for January to March quarter) 15th April (for January to March quarter) If people do not pay their professional tax on time, they will be required to pay a penalty with an annual interest rate of 18% of the amount due, which is calculated daily. What Is the Rule Regarding Professional Tax Exemption in West Bengal? In West Bengal, Handicapped persons do not have to pay PT.
However, they must present a disability certificate to qualify for this exemption. Now that people have obtained important information regarding professional tax in West Bengal, they can quickly and easily transfer the same information to other municipal corporations.