Professional Tax

Professional Tax Registration

Services include:
Professional tax registration for employers having less than 20 employees.

Timeline: 10 - 15 days

Professional Tax:

A professional tax is 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 employee’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.

TaxBarr offers registration of Professional tax for all business entities at the best price in the given time.

Benefits of Professional Tax Registration:

Enforces slightest limitations

Professional tax enforces most minor restrictions as it is easy to comply with its compliances.

Steer clear of penance

To avoid penance, the employer and the employee must pay their professional tax in their respective state.

Registered

Professional tax is simple to get registered because of its easy yearly and periodical(monthly) compliances.

Enforcing Welfare & Development Activities

The Professional tax helps the government in enforcing welfare and development activities.

Claim your Deduction

You can claim your deduction for your early payment of professional tax.

Documents required:

Professional Tax