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The article discusses the applicability of the Professional Tax Enrollment Certificate (PTEC) for directors of companies registered in Karnataka. As per a notification, directors of companies registered in Karnataka and those nominated by state-owned financing agencies are exempt from professional tax. The exemption applies even if the company's registered office is not located in the state of Karnataka under the Companies Act or if the company is incorporated in Karnataka under the Companies Act. However, Directors, Actors, and Actresses (Excluding Junior Artists) must pay professional tax and fall under serial number 4 in the prescribed schedule.
In summary, the combination of company tax responsibilities, firm partner exemptions, explicit exemption notifications, and the absence of a separate director category in the enrollment portal suggests that directors, especially those associated with registered companies in Karnataka, may not be individually liable for professional tax. It emphasises the importance of understanding the interplay between corporate and individual tax obligations for directors. This clarification aims to comprehensively understand the exempted class and the corresponding schedule classification for directors seeking enrollment under professional tax regulations.