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.

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

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

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