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FilingsFirst offers a hassle-free and efficient service for obtaining professional tax registration for businesses. Our team of experts helps you complete the registration process in a timely and cost-effective manner.
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Professional tax is imposed by state governments on people and organisations that engage in professional activities, such as physicians, solicitors, and chartered accountants.
Employers are responsible for collecting the tax on behalf of their workers and remitting it to the state government.
The amount of professional tax that must be paid varies by state, and failure to do so may result in fines and other legal repercussions.
PT is imposed by state governments on people and organizations that engage in professional activities.
Employers are responsible for collecting the tax on behalf of their workers and remitting it to the state government.
The amount of professional tax that must be paid varies by state, and failure to do so may result in fines and other legal repercussions.
By paying their professional taxes, individuals and companies have access to local benefits from the state government, including healthcare, infrastructure, and educational institutions.
Paying taxes professionally ensures legal compliance, reducing the chance of fines and other repercussions.
Employers who pay professional tax on behalf of their staff members show their dedication to compliance and foster a positive work environment, both of which can help retain employees.
Paying professional taxes enables one to give back to the community in which they work and live by supporting infrastructure and public services.
Filings First shall guide you in the initial discussion of Registration requirements. This is followed by the collection of basic information
Preparation and application of Professional Tax Registration
We will have untill our application is processed.
Professional Tax Registration Certificate shall be issued
For providing incorrect information in an application for a Registration Certificate or Enrolment Certificate, the penalty set forth in section 5(6) is three times the amount due under the Profession amount Act.
The first time the employer pays any of his employees a salary or wage that is within the taxable limit, that date will be considered the date of responsibility.
Yes, professional tax is applied to independent contractors whose income above the threshold set forth in the professional tax laws in effect in their state of residence.
Not all States and Union Territories charge Professional Tax. The state where Professional tax is not applicable are-
Arunachal Pradesh, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Nagaland, Uttaranchal, Uttar Pradesh, Andaman & Nicobar, Chandigarh, Delhi, Pondicherry, Dadra & Nagar Haveli, Lakshadweep, Daman & Diu
All taxpayers who pay income tax are subject to direct collection by the central government. It is assessed against a specific portion of their income. Professional tax, on the other hand, is an indirect tax that the state government collects. For those who are actively engaged in business, occupation, or employment, a flat rate is applied.
The annual maximum payment for the professional tax is Rs. 2,500. The professional tax is often calculated as a slab amount based on the professional's gross income. Each month, it is subtracted from the employee's pay.
The payment deadline is June 30th if the entity enrolled before May 31st. The payment deadline for enrollments made after May 31 is 30 days prior to the enrollment date.
According to the Professional Tax Rules, some people are excluded from paying Professional Tax. The following people are not required to pay professional tax:
parents of children who have mental or permanent disabilities
Members of the armed forces as defined by the Army Act of 1950, the Air Force Act of 1950, and the Navy Act of 1957, as well as auxiliary force members or reserve personnel stationed in the State.
Badli textile industry workers
a person with a physical impairment that is permanent, such as blindness.
Under the Mahila Pradhan Kshetriya Bachat Yojana, or Director of Small Savings, women are the only agents employed.
Parents or legal representatives of people with mental disabilities.
individuals over the age of 65
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