Professional Tax Registration
GST Registration for Business in India
Profession Tax is a state-level tax and it applies to some states in India on
- Salaried employees and professionals, including CA, lawyers and doctors
- Registration to be taken within 30 days of its applicability.
Our Fee Starts @ Rs. 10,000/- + Applicable GST
Professional Tax
Professional Tax is a state-level tax that applies to salaried employees and professionals, including chartered accountants, lawyers and doctors. Business owners, working individuals, merchants and people carrying out various occupations comes under the purview of this tax.
State in which Professional Tax is applicable:
Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh.
Professional Tax Deduction Slab:
The maximum amount payable per annum towards professional tax is Rs. 2,500. It is deducted from his/her monthly salary by Employer or from Monthly Income in all other cases. Professional Tax deduction monthly slab varies depending on salary /income range and applicable state.
Professional Tax Payment date :
As Professional tax as deducted has to be deposited within the due date. Due date of deposit varies state to state.
Professional Tax Return filing:
Returns to be filed monthly/half yearly or annually depending on state of applicability within the due date.
Send your Requirement here
Applicability of Professional Tax in India
In Which States Apply?
Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh.
To Whom is it Applicable?
> Every self employed professional
> Any entity employing one or more employees
Type of Person
> Every employer.
> Persons acting as Directors of the Companies, the Partner of a firm or designated partner and partners of Limited Liability Partnership (LLP).
> HUF, Firm, Limited Liability Partnership (LLP), Company, Corporations, other Corporate bodies, any societies, Club or Association.
> Professionals includes but not limited ( state to state varies) to Legal Practitioners including Solicitors and Notaries, Medical Representatives including Medical Consultants and Dentists, Doctors, Chartered Accountant, Company Secretaries, Management Consultants, Architectures, Engineers, RCC Consultants, Tax Consultants, Insurance Agents.
Issuing Authority?
State Government
Is there any Return to be filed ?
Yes. Returns to be filed monthly/half yearly or annually depending on state of applicability within the due date. For example, in Maharashtra, returns can be filed annually if the liability is under Rs. 5000, quarterly if the liability is under Rs. 20,000 and monthly if it is above Rs. 20,000. However, in West Bengal, returns need only be filed once every year.
Is there any Penalty Applies for Non Registration or Non Deposit of Tax?
Yes.
