Professional Tax Filing:

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A professional tax is a tax or a levy placed on all salaried individuals by state governments. It is assessed based on the individual's occupation, trade, or profession. The tax rates vary by state, but the highest amount imposed as professional tax is 2,500 per year.

 

In India, a professional tax is charged on all crafts and professions. Every employee of a private business operating in India must pay it regularly. Professional tax registration is the obligation of every business owner, who must accept responsibility for professional tax deductions and payments.

 

This tax is deducted from the employer's salary, which is then subtracted from the calculation of taxable income. Employers and company owners must register with the Municipal Corporation to do business. Because it is a state-based registration, the tax rate and registration process vary. Professional tax is a tax on earnings made by workers or self-employed individuals.

 

Professional tax is a state-level tax that presently applies in eight Indian states.

 

Professional Tax Return & Payment Due Date – 10th of the following month.

 

Sit back and relax after you've submitted your details to TAX BARR; our professionals will submit your return and send you an acknowledgment.