Professional tax is one source of revenue for the government and is used towards bettering the services for professionals in that state. Thus, it is essential for every employer to deduct professional tax on salary, although there are a few exemptions related to this. Professional tax in India varies from state to state.
Professional tax is calculated every month based on your gross salary for that month. Say your CTC is Rs. 50,000 per month, and after deduction of your EPF, gratuity, and leave deduction or payment towards any loan you may have taken from the company in the past, your gross salary comes to Rs. 40,000
Filling Application in Form I and Form II of taxes on Profession
Our Expert will prepare your prescribed application and collect the documents necessary for submission
Application Submission
Once the application is prepared and documents are collected, we will submit your application to the respective department.
Professional tax Registration Certificate
Once the registration application and the attached supporting documents are verified by the Officer, Registration Certificate is provided.
The professional tax registration procedure varies according to state: The tax slab rates can vary from one state to another, where the business owner has employees under different states , then one has to get a professional tax registration for all the states.
Frequency of filing returns: The frequency with which one needs to file returns will depend on the state the person resides in. Before filing a return it’s important to know the rules of the state.
Get registered as a payee of professional tax in a local professional tax office at that specified state.
It is imperative for all the individuals and businesses that are liable for the tax payment.
Calculate the pay of professional tax in the prescription form.
The payment and calculations done must be audited by the chartered Accountant.
When it comes to employees, the employer has to deduct the salaries of employees for the professional tax.
Once the person gets registered, he is then responsible to pay Professional Tax; different professions are specified with different PT rates.
- Copy of PAN Card of directors
- Passport size photograph of directors
- Copy of Aadhaar Card/ Voter identity card
- Cancelled Cheque Leaves
- Rental Agreement
- Sign on Blank Paper for Verification
- Avoid having your account levied
- Stop tax wage garnishment
- Settle all your outstanding tax debt
- Make sure you don’t get caught up on past returns
- Assist with audits
- Avoid loss of credit score due to unpaid dues
- Enjoy more peace of mind
- Protection of Assets and Income
- Helps you interpret Tax Laws
- Explains to you all the IT processes
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