Punjab Act No. 11 of 2018
Punjab State Development Tax Act, 2018 (Punjab Act No. 11 of 2018), Punjab Govt. Gazette (Extraordinary), Legislative Supplement, 19 April 2018
- Notification number
- Punjab Act No. 11 of 2018
- Issued for
- Punjab
- Date
- 19 April 2018
- Topic
- Act
What it says
Punjab's tax on professions, trades, callings and employment, levied under Article 276 and assented on 16 April 2018. The Schedule sets ₹200 a month for persons assessable under Income from Salaries and Wages and ₹200 a month for Income from Business and Profession. Section 4(3) makes the tax payable only by income-tax payees — those whose taxable income for the year exceeds the amount not chargeable to income tax. Section 5 requires the employer to deduct and makes it liable whether or not it deducted. There is no salary slab and no February adjustment.
What was taken from it
The figures and statements this desk reads off this document, as extracted. Each one is shown on the topic page it belongs to: Professional tax · Punjab.
- Annual Cap
- 2400
- Monthly
- 200
- Threshold
- No salary slab — payable only by income-tax payees
- Who Pays
- Every employer deducts it from the salary and is liable whether or not it deducted