Professional Tax Registration
Professional Tax Registration
Registration Of Professional Tax for Company
INR 5500/-
Offers Included
Documents Requried
- PAN Card
- Rental Agreement
- Electricity Bill
Value Added Services
- Free Business Mail
- Free Current Account Opening
- Free Zoho Invoicing and Payroll Platform
Exclusive partnership with
Registrations
Professional Tax Registration
Professional tax is a direct levy imposed on individuals engaged in various professions, employments, callings, or trades, differing from income tax regulated by the Central Government. Governed by state or union territory governments in India, professional tax affects a broad spectrum of professionals and entities. At Ask Associates, we specialize in offering comprehensive Professional Tax Registration Certificate and Compliance services, ensuring seamless adherence to regulatory requirements.
Professional Tax Applicability
This tax pertains to individuals, Hindu Undivided Families (HUFs), as well as various entities such as companies, firms, co-operative societies, or associations, whether incorporated or not. Professionals including but not limited to lawyers, teachers, doctors, and chartered accountants, are among those obligated to pay professional tax.
Professional Tax Rates and Applicability Across India
Professional tax rates and applicability vary from state to state. The maximum annual liability stands at INR 2,500, with the tax usually structured as a slab amount based on the individual’s gross income. Tax collection is facilitated by the Commercial Taxes Department of respective states or union territories.
Responsibility and Exemptions
For salaried individuals, employers are responsible for deducting professional tax from wages and remitting it to the state government. Self-employed professionals are required to directly settle their professional tax dues. Exemptions are available for specific categories such as parents of children with disabilities, members of the armed forces, and individuals above 65 years of age.
Professional Tax Registration Certificate and Compliance
Professional tax registration is compulsory within 30 days of employing staff or commencing professional practice. The application process involves submission to the state tax department. Compliance entails timely payment, with deadlines varying based on the number of employees.
Benefits and Penalties
Registration offers benefits such as simplified compliance, revenue generation for state governments, and eligibility for tax deductions. However, failure to register or comply with regulations may result in penalties, including fines and imprisonment, as stipulated by state laws.
Committed Team, Comprehensive Business Services
Committed Team, Comprehensive Business Services
Documents Required
- Incorporation Certificate
