Professional tax registration is required for employers and persons engaged in any profession or trade.
Professional Tax is like Income tax but is collected by the State Government. But unlike its name suggests it is not just levied only on professionals. It is a tax on all kinds of professions, trades and employment and levied based on the income of such profession, trade and employment.
It is levied on employees, a person carrying on business including freelancers, professionals etc. subject to income exceeding the monetary threshold if any. .
1. Professional tax is simple to comply with and the compliances relating to professional tax impose very few restrictions.
2. Professional tax payment is a legal requirement, and hence ignoring it can result in any penalty or prosecution.
3. Professional tax is easy to get registered with simplified annual or monthly compliances.
4. The Professional Tax is a source of revenue for the state governments which helps in implementing schemes for the various welfare and development of the region.
5. The deduction can be claimed of earlier paid professional tax on salary.
1. Address proof of establishment
2. Address proof of partners, proprietor or directors as applicable
3. PAN of partners, proprietors and directors as applicable
4. Photo of partners, proprietors and directors as applicable
5. Salary details of employees
6. Financial statements of the establishment
7. Certificate of incorporation and address proof in case of company
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Submit required documents for further process
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