The Punjab State Tax on Professions, Trades, Callings and Employment Act, 1977

The Punjab State Tax on Professions, Trades, Callings and Employment Act, 1977 (commonly know as Profession Tax Act) came into force with effect with the object of levying tax on professions, trades, callings and employments. It extends to the whole state of Punjab. 

Compliances


Applicability

 (1) These rules may be called the Punjab Professions and Trades Tax Rules, 1977.

  2. These rules shall come into force at once.

(a) “Act” means the Punjab Finance Act, 1977;

(b) “District Officer / Director, Excise and Taxation” means an officer appointed by the Government to discharge the functions and to perform the duties of a District Officer / Director, Excise and Taxation, in any specified area.

(c) “District Officer/ Excise and Taxation Officer” or Deputy District Officer/ Excise and Taxation Officer means an officer appointed by the Government to discharge the functions and to perform the duties as such in any specified area.

(d) “Drawing and Disbursing Officer” means an officer from whom a person serving under the Government of the Punjab or Government of Pakistan draws his pay.

(e) “Form” means a Form appended to these rules, and includes a statement or communication on plain paper containing the same particulars as are specified in the corresponding forms.

(f) “Principal Officer” means the Secretary, Treasurer, manager, agent or an executive officer of a local authority, company, body or association and includes any local representative of such authority, company, body or association upon whom the “District Officer / Excise and Taxation Officer or Deputy district Officer / Excise & Taxation Officer”, as the case may be,” has served a notice of his intention to treat him as the principal officer thereof.

(g) “Tax” means the tax payable under Section 3 of the Act.

(h) “Treasury” means a treasury or sub-treasury or a branch of Bank in the Punjab authorized to receive payment on behalf of Government.

(i) “Year” means the financial year commencing from the 1st July and ending on the 30th June.

References

Acts & Amendments

Bare Act

100% statutory compliance

All statutory deductions for PF, ESI, Professional tax, IT, etc., are automatically updated by our payroll system as per the latest laws and amendments.

100% statutory compliance

All statutory deductions for PF, ESI, Professional tax, IT, etc., are automatically updated by our payroll system as per the latest laws and amendments.