PT Registration for Branches

• Every bank branch operating in a state must obtain PT registration.
  
• Centralized or head office registration is not sufficient in most states.
  
• Separate registration may be required for each location employing staff.
  
• Registration must be done within the period specified by state law.
  

Deduction from Employee Salaries

• Banks are liable to deduct professional tax from employee salaries.
  
• Deduction is based on state-specific salary slabs.
  
• Deductions must be shown clearly in monthly salary slips.
  
• All types of bank employees, including clerical and managerial staff, are covered.
  

Remittance and Payment Deadlines

• The deducted tax must be remitted to the state tax department.
  
• Remittance is usually monthly but may vary based on employee count.
  
• Timely payment is mandatory to avoid penalties and interest.
  
• Payment must be accompanied by valid challans or digital receipts.
  

Return Filing by Banks

• Banks must file PT returns periodically with the state authority.
  
• Returns include details of employees, salary slabs, and PT amounts.
  
• Filing frequency and formats vary across states.
  
• Returns should be supported by accurate deduction records.
  

Compliance Monitoring and State Coordination

• Banks with multi-state operations must comply with each state’s PT law.
  
• Internal audits often verify PT compliance branch-wise.
  
• Non-compliance at any branch may lead to notices or penalties.
  
• Coordination with HR and payroll departments ensures adherence to rules.