Categorization Based on Economic Activity

• Industries are classified under PT laws according to the nature of their operations.
  
• Categories include manufacturing, trading, services, agriculture, and IT sectors.
  
• Each category has specific PT applicability based on business type and scale.
  
• The classification helps determine tax liability for employers and self-employed persons.
  

Slab-Based Classification by Income

• PT liability is determined by income brackets specific to industry categories.
  
• Self-employed individuals in different industries fall under varied slab rates.
  
• Income from professional, commercial, or industrial activities is considered.
  
• Higher income groups within each industry pay higher PT amounts.
  

Occupation-Specific Grouping

• PT laws define classes such as engineers, architects, lawyers, doctors, and consultants.
  
• Separate categories exist for factory workers, traders, contractors, and retailers.
  
• Each group has a fixed or variable PT rate depending on income level.
  
• The classification covers both individuals and business entities.
  

State-Wise Variation in Classification

• Each state in India defines industry categories under its own PT Act.
  
• The classification and rates differ from one state to another.
  
• States may introduce new industry categories or update existing ones.
  
• Businesses must refer to the local schedule of professions, trades, and callings.
  

Applicability for Employers and Establishments

• Employers are liable to deduct and pay PT for employees in specific industries.
  
• Industrial classification affects the registration requirement and filing frequency.
  
• Establishments in multiple industries may have different obligations per unit.
  
• PT compliance is mandatory regardless of company size if income threshold is met.