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profesional tax registration

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Title: profesional tax registration


1
Professional Tax Registration
2
  • A tax is a financial charge imposed upon a
    taxpayer that is an individual or a legal entity
    by a state or any other authorized body with a
    purpose of funding various public expenditures.
    One of such taxes is the Professional Tax.

3
What is Professional Tax ?
4
  • Professional tax is the tax by the state
    governments in India. Anyone earning an income
    from salary or anyone practicing a profession
    such as chartered accountant, company secretary,
    lawyer, doctor etc. are required to pay
    this professional tax. Different states have
    different rates and methods of collection.
  • Professional tax is imposed at the state level.
    Different states have different rates and methods
    of collection. However, not all states impose
    this tax. The states which impose professional
    tax are 
  • Karnataka
  • Bihar
  • West Bengal
  • Andhra Pradesh
  • Telangana
  • Maharashtra
  • Tamil Nadu
  • Gujarat, Assam
  • The professional tax is a source of revenue for
    the State Governments. It is also payable by
    members of staff employed in private companies.

5
Who is responsible to deduct Professional Tax ?
6
  • The owner of a business is responsible to deduct
    professional tax from the salaries of his
    employees and submit the amount so collected to
    the appropriate government department.
  • He has to provide a return to the tax department
    in the prescribed form within the specified time.
  • The return should include the proof of tax
    payment. In case the payment proof is not
    enclosed, the return shall be deemed incomplete
    and invalid.

7
Documents Required
8
  • Common documents required for Professional tax reg
    istration are 
  • Acknowledgment of Online submitted form along with
     the printout of the originally submitted form
  • Self Attested Copy Of PAN Card
  • Proof of the Constitution of Business
  • Proof of the Residence of the Partners, Director 
     Proprietor
  • Proof of the Place of Business (Address Proof)
  • Blank Canceled Cheque
  • Shop and Establishment Certificate
  • PAN and PTEC Details of all the Partners or Direct
    ors
  • Details of the number of employees, as well as the
    ir salary slabs.
  •  
  • Also, it is to be noted that , all these
    documents are required to be self attested

9
Procedure for Registration
10
  • The first step is to get registered as a payee
    of professional tax in the local Professional Tax
    Office under the respective States Act. This is
    mandatory for all individuals, persons and bodies
    who are liable to pay professional tax.
  • As to calculation and payment of these taxes
    through prescribed forms and methods, you have to
    do it yourself. Your calculation and payment has
    to be audited and certified by a Chartered
    Accountant.
  • When it comes to employees however, it is the
    duty of the employer to deduct Professional Tax.
    That is, apart from paying professional tax for
    its own activities, every employer has to
    calculate, deduct and pay the professional tax on
    the salaries paid to employees.

11
How can LegalRaasta help you ?
12
  • Register for Professional tax through LEGALRAASTA
    - Your online companion for professional tax
    registration. We at LegalRaasta have helped over
    thousand companies in professional tax
    registration.
  • You first need to
  • Go to our website www.legalraasta.com and select
    Professional tax registration option.
  • Then Fill our online questionnaire.
  • Select a package. Here you can also opt for
    additional legal services like ITR filing and
    service tax registration and pay accordingly.
  • Submit the required documents online to us and
    you are done on your part we will take care of
    the rest.
  • Once, we are done you will be intimated and in
    case you have any query in between the process or
    if you want to track your application status you
    can freely contact us.
  • That's it about professional tax registration.
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