Profession Tax Amnesty Scheme Working

Profession Tax Amnesty Scheme Working -
Valid from 01.09.2007 to 31.10.2007

Under the Profession Tax Amnesty Scheme - for Registered persons

In case you have registered yourself and have a Enrollment Number, working would be as under:

1. Basic Tax + Interest (@2% p.m)* + Penalty (Rs.300/year)

* The rate of interest is taken as 2% for ease of computation. Earlier it was 1.25%.

Now take entire Basic Tax Amount + 10% x (Interest + Penalty)

E.g: You have not paid profession tax for the 2005-2006, 2006-2007, 2007-2008.

So calculation would be -

YEAR = BASIC TAX + INTEREST + PENALTY
1. 2005-2006 = 1700 + 1020 + 300
2. 2006-2007 = 2500 + 720 + 300


Interest for 2005-2006 is calculated @ 2 % p.m for 30 months, 2006-2007 for 18 months & so on.

So total payment would be Rs.4200 + 174 + 60 = Rs.4434/-

In case of unregistered person, P.T would be waived upto 2002. Thereafter Basic Tax and Interest working would be the same as registered person. But penalty would be Rs.2/day (comes to Rs.730 per year) instead of flat Rs.300 p.a.

The working has to be submitted in Annexure 1 to the Profession Tax Department along with self attested photocopy of the challan through which payment has been made in the bank.

In case you need any clarifications/Excel PT Amnesty Working Sheet (free of charge), you can mail me/comment.

You can also get Excel Utility from Mera Consultant for Rs.300/-

PS: Do confirm the calculations and check the circular regarding Amnesty scheme before relying on the contents posted here.