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HR Zone » Compensation and Benefits » About Professional Tax and PF

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About Professional Tax and PF
Ayesha
Ayesha Picture
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Posted 03-07-2012Reply

Dear All,



Need a clarification on two components: 1. PF and 2. Professional Tax.



The company i work with has now split into two separate companies, but management is the same.

one is Maharashtra registered, and recently in march we registered the second company in AP. Both the companies have a single work location...Hyderabad.



The management receives salaries from both the accounts, but pay professional tax only to Maharashtra registered company, but PF is active in both accounts



I want to know if a employee can have two active PF accounts simultaneously.

Also want to know about the professional tax in this scenario. Why professional tax deducted only from one salary account and not from the other?



Can anyone help me get a clarity on these?



Thanks



Vamsidhar
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  Rated +1 | Posted 03-07-2012

Hi Ayesha,

An employee is not supposed to have two active PF accounts, it will be considered as dual employment.

Vamsi

Ayesha
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116 Posts
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  Rated 0 | Posted 04-07-2012

Thanks for the reply Vamshidhar.

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