What is the rate of professional tax in Punjab?

Answer 1

(SEE SECTION 3 of Punjab finance act, 1977)

Sr. No.

Class of Persons

Rate of tax

per annum

(Rupees)

1

2

3

1.

[Companies registered under the Companies Ordinance, 1984, modarbas, mutual funds or any other bodies corporate with the paid-up capital or, as the case may be, the reserves in the preceding year-]

(i) upto rupees 5 million

5,000/-

(ii) exceeding rupees 5 million but not exceeding rupees 50 million

20,000/-

(iii) exceeding rupees 50 million but not exceeding rupees 100 million

50,000/-

(iv) exceeding rupees 100 million but not exceeding rupees 200 million

75,000/-

(v) exceeding rupees 200 million

1,00,000/-

2.

Persons other than companies owning factories as defined under the Factories Act, 1932 and having-

(i) employees not exceeding 10

1,000/-

(ii) employees exceeding 10 but not exceeding 25

2,000/-

(iii) employees exceeding 25

5,000/-

3.

(i) Persons other than companies owning commercial establishments having 10 or more employees-

(a) within Metropolitan and Municipal Corporations limits

3,000/-

(b) others

2,000/-

(ii) All other commercial establishments other than wholesalers and retailers

1,000/-

[3-A.

Persons engaged in the import or export of goods who, during the preceding financial year, imported or exported goods of the value-

(i) exceeding Rs.1 lac but not exceeding Rs.1 million

2,000/-

(ii) exceeding Rs.1 million but not exceeding Rs. 5 million

3,000/-

(iii) exceeding Rs.5 million

5,000/-]

4.

Persons who are engaged in a profession, trade, calling or employment either wholly or partly within the Province of Punjab, who were assessed to pay income tax during the preceding financial year.

200/-

5.

Contractors, builders and property developers, who during the preceding financial year supplied to the Federal or the Provincial Government or a company or a factory or a commercial establishment or an autonomous or a semi autonomous organization or any Local Authority goods, commodities and services of the value-

[(i) not exceeding rupees 1 million

500/-]

[(ii)] exceeding rupees 1 million but not exceeding rupees 10 million

3,000/-

[(iii)] exceeding rupees 10 million but not exceeding rupees 50 million

5,000/-

[(iv)] exceeding rupees 50 million

10,000/-

6.

Persons engaged in various professions and providing different services such as-

[(i) Medical consultants or specialists/dental surgeons

1,000/-

(ii) Registered medical practitioners

1,000/-]

(iii) Others including homoeopaths, hakeems and ayuervedics-

(a) within Metropolitan and Municipal Corporations limits

1,000/-

(b) others

500/-

(iv) Auditing firms (per professionally qualified person)-

(a) within Metropolitan and Municipal Corporations limits

3,000/-

(b) others

2,000/-

(v) Management and tax consultants architects, engineering, technical and scientific consultants-

(a) within Metropolitan and Municipal Corporations limits

3,000/-

(b) others

2,000/-

[(vi) Lawyers

1,000/-]

(vii) (a) Members of Stock Exchanges

5000/-

(b) Money changers-

(i) within Metropolitan and Municipal Corporations limits

3,000/-

(ii) others

1,000/-

(c) Motorcycle/Scooter dealers-

(i) within Metropolitan and Municipal Corporations limits.

5,000/-

(ii) others

3000/-

(d) Motor car dealers and real estate agents-

(i) within Metropolitan and Municipal Corporations limits

10,000/-

(ii) others

5,000/-

(e) recruiting agents-

(i) within Metropolitan and Municipal Corporations limits

10,000/-

(ii) others

5,000/-]

[viii)] Carriage of goods and passengers by road-

(i) within Metropolitan and Municipal Corporations limits

2,000/-

(ii) others

1,000/-

[(ix)] Health clubs and gymnasiums-

(i) within Metropolitan and Municipal Corporations limits

2,000/-

(ii) others

1,000/-]

[(x) jewelers, departmental stores, electronic goods stores, cable operators, printing presses and pesticide dealers

1,000/-]

[(xi) Tobacco venders-

wholesalers

2,000/-]