Complete Professional Tax filing services with the able assistance of experts
Today, right from professionals to traders all those individuals or companies that earn income in some form are required to pay professional taxes. In some states in case of delay a penalty and an interest is levied. Here’s where we make sure that we make timely filings of Professional Taxes for you so that you don’t have to pay any penalty plus you save on taxes.
Thorough reconciliation of information provided with keen attention to detail
You will be put through one of our experienced and expert in-house CAs who will file your return for you and will be your single point of contact.
With us on the job for you, you can get in touch with the expert assigned to you and can get endless consultations.
We will send you regular reminders in advance to share credentials like certificate of incorporation, MOA and so on so that you don’t miss the date of filing the compliances.
Entire process can be done online through calls, email and WhatsApp. We will file your ROC compliance and share the acknowledgment receipt.
Our website mentions each and every aspect of pricing and the costs involved hence, there are no hidden charges.
We will make a detailed summary for the Professional tax in Excel and share it with you for approval
The responsibility to obtain a registration lies with the owner of the business or profession. The business owner/employer is required to deduct the professional tax based on the professional tax slab from the salaries of employees and pay the same to Government before the 15th day of each month or quarter as applicable.
Also known as the Professional Tax Enrolment Certificate (PTEC), this registration is obtained for the payment of taxes by the employers.
The employers are required to obtain the registration when employees are appointed. This makes the employees eligible to deduct the professional tax from his employee’s salaries. Registration should be obtained within the 30 days of employing staff.
The State Governments of the following states have levied professional tax: Punjab, Bihar, Karnataka, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat, Assam, Sikkim, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh.
The maximum amount payable per annum towards the professional tax is ₹ 2,500. The professional tax is usually a slab-amount based on the gross income of the professional. It is deducted from the employee’s income every month.
Yes, if you have more than one place of work, you have to make a separate application for professional tax registration to the concerned authority.
For delays in obtaining Registration Certificate, a penalty of ₹ 5/- per day is levied. In case of non/late payment of profession tax, the penalty will amount to 10% of the amount of tax. In case of late filing of returns, a penalty of ₹ 300 per return will be imposed.
The due date for the payment of Profession Tax is 30th June for the employees enrolled before 31st May of the year. The people enrolled after 31st May of a year are requested to pay Profession Tax within one month from the date of enrolment. Employers are requested to file monthly return along with due payment of tax.
In cities like Ahmedabad, both the registration must be obtained simultaneously. In a few places, Shop & establishment registration is a requirement for this application. Hence, it depends on the law of where the jurisdiction of the premise is situated.
