Professional Tax Registration
We do a thorough check of the files you send in
We will appoint an affiliate to process your application
The TIN will be issued within 15 days of the application
About Professional Tax Registration
Professional tax is a tax that is imposed by the State government on all salaried individuals. Professional tax is applicable to all working professionals like chartered accountants, lawyers, and doctors. It is levied based on the individual’s employment, trade or profession. The tax rates differ across all states, however, the maximum amount that can be levied as Professional tax is Rs.2,500 per annum.
Here are the reasons why one should never miss a professional tax payment
It Is A Judicial Requirements
As per the rules and regulations of India, every employee is bound to make the professional tax payment without fail. Employers in many states of India are strictly bound by the judiciary to obtain the registration of professional tax. After the registration, they have to make the deductions and pay the service taxes of all the employees who work under them.
To Avoid Paying Penalties
Failure to professional tax registration results in huge penalties that keep on increasing over time.
Easy To Comply
When something is easy to comply, it won’t be difficult to follow. The professional tax regulations are so easy to follow that and not difficult to comply with. The registration procedures can be done quickly and the further proceedings are also much easier.
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.
The State Government Tax
The local authorities and the state government have the right to collect all the professional taxes based on employment, profession trades and much more. The collected amount of professional tax per annum should not go beyond Rs. 2500 per an annum.
Here is a list of documents required to register for professional tax:
- Certificate of Incorporation, including MOA & AOA / LLP Agreement.
- PAN card of Company/LLP which is attested by the company director
- Place of business proof along with a NOC from the owner of the premises
- Bank account of the company including bank statement and cancelled cheque.
- Passport size photographs, address and identity proof from all the directors
- Board resolution or in other words, the statement of consent by the partners.
- Shop and establishment certificate
- Salary register and attendance register
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