Professional Tax Registration
Professional tax (PT) is levied by state governments in India on the income of professionals, traders and salaried employees. It is regulated by state governments, each with its own business tax laws. Here is an overview of business tax records:
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INTRODUCTION
What is Professional Tax Registration?
Business taxes are taxes levied by state governments on commercial enterprises. A person who earns income from salary or from a profession such as chartered accountants, company secretaries and solicitors is liable to employment tax. For the purpose of this registration, employers, employees, traders and others come on the registry.
This tax is deducted from the employer’s paycheck, which can then be deducted from the total taxable income. For a municipal corporation, employers and corporate owners get registration. The tax rate and registration process is different because this is a registration state. In addition, there are two other types of labels: PTEC and PTRC registration.
ADVANTAGES
Advantages of Professional Tax Registration in India
Be compliant
aids in maintaining the ongoing operation of your business and its legal compliance with state legislation.
Safeguard from paying penalties
Both the employer and the employee are protected from severe fines.
Nominal Payables
The state government deducts nominal taxes that are structured based on salary ranges, such that the burden on taxpayers is minimal.
A LIST OF DOCUMENTS
Documents required for Professional Tax Registration
ID proof
A copy of the proprietor, partner, or director's self-attested identification
Address Proof
A self-certified copy of the proprietor, partner, or director's proof of address. Certificate of Shop and Establishment (if applicable)
Photograph
Three copies of the proprietor, partner, or director's passport-size photo
Incorporation Documents
Copies of the partnership deed, LLP agreement, memorandum of agreement, and, if applicable, the registration certificate
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Complete registration in 3 Easy Steps
1. Respond to Quick Questions
- Our questionnaires take less than ten minutes to complete.
- Give the essential information and paperwork needed to convert a proprietorship to a partnership.
- Pay using a safe and secure payment gateway.
2. Experts are Here to Help
- Relationship Manager assigned to provide guidance on professional tax registration
- application preparation by professionals
- Application submission to the relevant department
- Certificate of Registration
3. Your Business is Established
- All it takes is 10-15 working days*
Process of Professional Tax Registration
Day 1
- Registration Requirement for Consultation Collection of Basic Information Provide Required Document
- Gathering of Foundational Data
- Give the Necessary Document
Day 2 - 4
- Getting the registration application ready
- The professional tax registration application
Day 5 onwards
- Processing by the Department of Government
Day 15
- Certificate of Professional Tax Registration
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The business owner or employer must withhold professional tax from employee salaries in accordance with the professional tax slab and remit the amount to the government by the fifteenth day of the corresponding month or quarter.
This registration, which is often referred to as the Professional Tax Enrollment Certificate (PTEC), is acquired so that the employers can pay their taxes.
- When an employee is appointed, the employers must obtain the registration. As a result, the employee is qualified to have the professional tax withheld from their pay. Registration needs to be completed within 30 days after hiring employees.
The following states have labor taxes imposed by their respective state governments: Madhya Pradesh, Andhra Pradesh, Telangana, Andhra Pradesh, Tamil Nadu, Gujarat, Assam, Sikkim, Kerala, Meghalaya, Orissa, Tripura, and West Bengal.
- A maximum of ₹ 2,500 is required to be paid annually for professional tax. Professionals typically pay a slab-amount professional tax, which is determined by their gross income. Each month, it is subtracted from the employee’s pay
- Yes, you must apply to the relevant government separately for professional tax registration if you work at more than one location.
