Profession Tax Registration


Posted May 26, 2018 by corpaidcs

Profession Tax Registration PTEC and PTRC Online Registration 1,199/- (Inclusive All) Save 30% Cost Duration : 2 - 3 Days

 
What is Profession Tax?
Professional Tax is a Tax levied by the State on the income earned by way of profession, trade, calling or employment. Based on the salary or income levels, the tax is calculated and the same is deducted from the salary by the employers.

If this tax is not paid, the employer who has a certificate from the Government tax department is considered answerable.

What are the documents required for Professional Tax Registration?
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.

No charges for requirement list and Quotation.

What is the Applicability of Professional Tax Registration?
As per the Professions, Trades, Callings and Employment Act 2000 passed by the government, professionals earning a particular monthly income or more are liable to pay professional tax. Professionals refer to people who are specialized professions like doctors; professionals in journalism, Information Technology, etc.

How Profession Tax levies or what are rates of Profession Tax?
The rate of professional tax levied varies from state to state in India. One must verify the prevailing tax rate of their particular state before paying the tax.

What is Professional Tax registration Certificate (PTRC)?
An employer organization is required to get registered and take profession tax number (PTRC).

PTRC gives a power to the company to deduct Professional tax from the Employee’s salary and paid it same to the Government..

What is Professional Tax enrollment Certificate (PTEC)?
Every person doing any business or profession is liable to obtain a Certificate of Enrollment from the Profession Tax Authority. Once this certificate is obtained a person is liable to pay profession Tax.

PTEC is the corporate liability of the company.

What are the rate of Profession Tax?
As Profession Tax are a state Govt. tax rate and other provisions changes state to state.

For example in Maharashtra PT rate are fixed to 2500 per entity except in case of employee drawing salary less than 10000 per month where it Rs.2000 per year .

Is there any Exemptions to Profession Tax?
Certain class of entity and individual are exempt from payment of profession tax.

For example in Maharashtra for Sr. Citizen Profession Tax is exempt..

Professon Tax Registration
PTEC and PTRC Online Registration
1,199/- (Inclusive All)
Save 30% Cost
Duration : 2 - 3 Days
Brows This @ http://www.corpaidcs.com/registrations/profession-tax
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Issued By corpaidcs
Country India
Categories Business
Last Updated May 26, 2018