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Posted on April 27, 2021
Professional Tax is a tax which is levied by means of the state on the income earned via profession, exchange calling or employment. This tax is levied cantered on slab charges depending on the sales of the man or woman. This slab cost is decided by the state executive; therefore, it varies from state to state. Any amount paid as occupation Tax to the state executive is allowed as a deduction below part 16 of the revenue Tax Act.
Each man or woman dependable to pay tax (both on his possess or on behalf of staff) will have to observe for Professional tax registration in India within the prescribed type with the prescribed authority. We propose those personal constrained companies, one man or woman organizations, companions of limited legal responsibility Partnerships, Partnership companies observe for profession tax registration right away upon incorporation. In the case of salary and wage earners, the professional taxes (PT) are to be deducted by the corporation from income and wages, and the agency is dependable to pay it to the state government.
How to Register for Professional Tax?
Observe for the Registration certificate at your state’s tax division
If in case you have multiple place of work, apply individually to each authority concerned
Files required for Professional Tax
Memorandum of association,
List of directors and their proofs,
Quantity of staff working throughout the fiscal 12 months and
A duplicate of Board decision
Time taken for Professional Tax
Often it takes about 10-15 working days.
Price of Professional tax registration
Cost varies from vendor to vendor. Mainly ranges from INR 2000-4000.
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