Question
I am a director in a private company and also a partner in an LLP. Do I personally owe professional tax?
Answer
Yes: in states that levy professional tax, directors and partners are personally liable to enrol under PTEC and pay Rs 2,500 a year, regardless of salary. In Maharashtra, for example, a company and an LLP must each obtain a PTEC for the entity, and every director or designated partner must also obtain a PTEC in their own name. A single PTEC covers you even with multiple directorships or partnerships, so you pay Rs 2,500 once per year per state. A partnership firm itself is often exempt, but each partner still pays. Estimate amounts with our professional tax calculator.
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.