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Question ID : 41134

Profession Tax in Maharashtra

The Company is registered in Maharashtra and it has 4 directors. One director is residing in Maharashtra and obtained PTEC Number. Other 3 directors are residing in another state i.e. Gujarat. Our Query is that in the state of Maharashtra, is there the requirement to obtain PTEC number by these 3 directors who are not residing in the state of Maharashtra .?

Posted by samirkumar gokulbhai kasvala on Sep 01, 2021

Filed Under MISC.

Answer ID : 81306

Companies with Directors will have to obtain a Professional Tax Registration number. If directors are a whole-time director or managing director, then such directors are considered as employees of the corporation and company will have to deduct Rs.200 per month (Rs.300 for February month) from each director’s salary and make such tax payments according to prescribed periodicity. The directors are not required to obtain a Professional Tax Enrollment number separately.

Posted by Hari Beldona on Sep 05, 2021