Professional Tax is levied by state government on all individuals or business which are rendering professionals services in market. If you are rendering any kind of services in market you have to take Professionals Tax Registration. However various state governments has exempted from online Professional Tax Registration. It is applicable on all kind of trade, profession, employment, freelancers subject to income exceeding the monetary threshold. Various state governments do not levy Professional Tax on their traders, professionals, employers, freelancers such as Delhi, Haryana, Uttar Pradesh etc.
However there are two types of certificate which is required to take by business owners
- Professional Tax Registration Certificate [PTRC]- Any person engaged in Profession, Trade and Callings and falling under one or the other of the classes mentioned in the second column of Schedule I shall obtained PTEC.
- Professional Tax Enrolment Certificate [PTEC]- Every employer who has employed even a single employee whose salary is above the prescribed limit for deducting Profession Tax shall obtain PTRC.
Applicability of Professional Tax
Some are the states where Professional Tax Registration in Maharashtra is mandatory such as Maharashtra, West Bengal, Karnataka, Assam etc. If you are employer and getting some income on regular basis, professional tax registration is mandatory for you. Every state where PT Registration is required have their own rate of PT and procedure to levy and collect tax.
Professional Tax RegistrationProfessional Tax may be a tax imposed by the government on all salaried workers including employees, professionals, and trades in India.
It is essential for every business or entity within 1 month after its registration or commencement of business with the help of Tax Consultants in India.Who Pays Professional Tax?Self-employed individuals who are working in any kind of profession, business, and trade will come under the category of professional tax and are legally responsible for paying professional tax to the state government.
It is mandatory for a self-employed individual to get the certificate of Enrolment from the authorized authority in the specified format.If a salaried individual or wage earner’s, Professional tax is deducted from the salary of the employees every month.
An employer cannot make a deposition of the deducted amount without getting the registration certificate from the respective authority.Benefits of Professional Tax Registration OnlineFollowing are the reasonable factors why should one never miss professional tax:Paying knowledgeable tax may be a judicial requirement and if a person avoiding it are often reliable for the penalty or legal issues and self-employed individual and employer should also pay their professional tax depending on their rates or wages provided by their respective state within the prescribed time.Professional tax is straightforward and straightforward to suits.
Rules and regulations governing professional tax enforce minimal restrictions and it's very simple to urge registered with uncomplicated monthly or annual compliances.The deduction is often laid claim of earlier paid professional tax.Being a state tax, the Professional tax a local tax authority’s obligation to get the professional tax deducted from fees of the professional, business income, and salary.Documents Required For PT Registration For Company /LLPCertificate of Incorporation, MOA & AOA / LLP Agreement.PAN card of Company/LLP duly attested by directors of the companyPremises proof of Company and a NOC from the owner of such premisesBank Account of Company: Cancelled cheque and bank statement.List of Directors, passport size Photographs of all Directors, id and address proof.Board Resolution or consent statement of partnersAttendance Register & Salary RegisterWhat is the Procedure of Professional Tax Registration?Procedure for Professional Tax registration may be a State-specific query.
Further, counting on the State’s requirement, Professional tax returns also got to be filed at specified intervals.
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