FREQUENTLY ASKED QUESTION ABOUT PROFESSIONAL TAX

1. What is Assam professional tax rule? / Who Is Liable to Pay Professional tax in Assam?

Ans: - All individuals who are involved in trading either by themselves or by a representative or an agent who partly or wholly belongs to the state of Assam are liable to pay Professional tax in Assam for every financial year.

2. Who is exempted from professional tax in Assam?

Ans: - Professional Tax Slab Rate in Assam

3. Who is required to pay professional tax in Assam?

Ans: - All individuals who are involved in trading either by themselves or by a representative or an agent who partly or wholly belongs to the state of Assam are liable to pay Professional tax in Assam for every financial year. The minimum tax rate amounts to ₹250, and the maximum rate is ₹2500 per annum.

4. What is professional tax in Assam GST?

Ans: - The existing rate of tax is Rs. 250 per annum at the lowest slab of income while that at the highest slab of income is Rs. 2500 per annum.

5. How to file Assam professional tax?

Ans: - Professional Tax in Assam can be obtained online on the State sales tax department website. Here is the procedure of the same: An application must be made in Form 1 within 30 days of becoming liable to pay the professional tax.

6. Is professional tax added to salary?

Ans: - Professional tax is deducted from your gross salary along with TDS, EPF and any other deduction. However, this tax doesn't mean that it is levied only if you are in professional practice such as a doctor, lawyer etc. If you earn a salary, you are eligible to pay this tax.

7. Who comes under professional tax?

Ans: - Professional tax is a tax on all kinds of professions, trades, and employment and is levied based on the income of such profession, trade and employment. It is levied on employees, a person carrying on the business including freelancers, professionals, etc., subject to income exceeding the monetary threshold if any.

8. Why is professional tax charged?

Ans: - Professional tax is collected by the employers from the monthly salaries. It is then paid by them to the government failing which they can have penalties imposed on them for not collecting or failing to pay the professional tax. If you are not working for anyone then you are liable to pay the professional tax yourself.

9. What is the Assam PT Act?

Ans: - The Assam Tax on Professions, Trades, Callings and Employment Act, 1947 (“Assam PT Act”) is enacted with the object of levying tax on professions, trades, callings, and employments.

10. Is professional tax and GST same?

Ans: - Applicability of professional tax comes under the purview of Goods and Services Tax (GST). The following is a step by step process taxpayers can follow to pay this tax online: Visit the state GST's website and click on the 'e-Payments' tab. Select the applicable status under the Statutory Order.

11. For which employee’s professional tax is applicable?

Ans: - If you are employed and earn a regular salary

12. what is gst rules in Assam

A service provider, who provides services more than Rs. 20 lakh in a year is required to get GST registration in Assam. Whereas an entity that is engaged in the supply of goods is required to crosses Rs. 40 lakh is required to get the GST registration in Assam mandatorily.

13. What is the GST limit in Assam?

Ans: - Assam opted to raise this limit to ₹40 lakhs for the sale of goods, which came into effect from 1 April 2019 onwards. There was no change in the threshold limits for service providers doing GST registration in Assam.

14. When did GST start in Assam?

Ans: - The correct answer is Assam. On 12 August 2016, Assam became the first state to ratify GST Bill.

15. Which is the 1 state to pass GST?

Ans: - Assam

Disclaimer-- This is for basic informative purpose only, for more details Contact the relevant offices/ Departments. You may also contact SGM Consultancy Services, Guwahati.