It is tax-managed by the State Governments from professional occupied business entities. A person receiving income from salary or services is needed to pay professional tax. Being state-based registration, the measure of tax and the method of registration is distinctive.
Benefits of Professional Tax Registration
1. Be compliant
It helps you to keep your company actively running and legally compliant with state laws.
2. Safeguard from paying penalties
Employers and employees are secured from heavy penalties by doing this registration.
3. Nominal payables
Tax deduction is nominal and it is structured according to a salary range, hence the burden on taxpayers is nominal.
Deductions can be claimed in the salary on the basis of the professional tax paid. The deductions will be allowed in the year corresponding to which the taxpayer made the payments.
1. Select package
Start by selecting an appropriate package from an online website and fill all the required forms on that site.
2. Collect information and documents
Now that website will collect all the required information and documents from you which are essential for the initiation of the process.
3. Preparation of application
The online site will now prepare the application and will register it with the concerned authorities.
4. Professional tax registration certificate
Online website will acknowledge you as the registration gets completed by providing you the registration certificate.
Here are the answers to some of the most frequently asked questions that we have drafted for you. It would help you shed some light on your queries. In case you have more questions then feel free to ask us anytime.
In which states is Professional Tax applicable?
The State Governments of the following states have levied professional tax: Punjab, Bihar, Karnataka, Maharashtra, West Bengal, Andhra Pradesh, Telangana, Tamil Nadu, Gujarat, Assam, Orissa, Sikkim, Kerala, Meghalaya, Tripura, and Madhya Pradesh.
What are the due dates to register and give professional tax?
The scheduled date for the payment of Professional Tax is 30th June for the employees who are recruited before the 31st May of the year. And for those people who filed after 31st May are asked to pay the tax within one month from the date of registration. Employees are requested to file a monthly return accompanied by due tax payment.