Professional Tax Registration

Rs.3,990.00

Professional tax is usually a slab amount based on the gross income of the professional

Professional Tax Registration

Price: Rs.3,990.00

Professional Tax is a tax levied on professions and trades in India. It is a state-level tax and has to be compulsorily paid by every member of staff employed in private companies. The owner of a business is responsible to deduct professional tax from the salaries of his employees and pay the amount so collected to the appropriate government department.

Professional tax is usually a slab amount based on the gross income of the professional. It is deducted from his income every month. Some of the state governments that have levied professional tax are Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh. In the case of salaried employees and wage earners, the Employer is liable to deduct professional tax with the State Government. In the case of other classes of Individuals, this tax is liable to be paid by the person himself.

State Governments and Local Authorities are empowered to collect professional taxes on professions, trades, callings and employment. The amount of professional tax collected does not exceed Rs.2500 per annum.

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Benefits

  • A deduction from salary can be claimed by the taxpayer on account of professional tax paid. The deduction for professional tax will be allowed in the year in which the tax is actually paid by the employee

Eligibility

  • Employers in certain states are required to mandatorily obtain professional tax registration, deduct and pay service tax on behalf of employees

  • Failure to obtain professional tax registration or remit professional tax could result in fines and penalties that accrue over time

Documents

  • PAN Card of applicant

  • Aadhar card of applicant

  • Photo of Applicant

  • Certificate of Incorporation/Partnership deed/LLP agreement of company

  • Cancelled cheque with company name

  • Electricity bill of company and applicant address (NOC if rented)

  • COI of Company