Professional Tax Registration
Overview
Professional Tax Registration
Professional Tax is a tax imposed by some of the state governments in India on persons earning income from salary or practising professionals such as Chartered Accountant, Company Secretary, Lawyer, Doctor etc. and from the company, LLP, Directors and Designated Partners.
For Whom
Applicability of Professional Tax Registration
- Company /LLP / Firm - The persons like HUF, firm, Limited Liability Partnership (LLP), Company, Corporations, other Corporate bodies, any societies, Club or Association is considered as a taxable person under Professional Tax. Or every branch of the above said persons are treated as the separate person for the purpose of registration with the Professional Tax Department and Tax payments.
- Individual Professionals - Legal Practitioners including Solicitors and Notaries, Medical Representatives including Medical Consultants and Dentists, Doctors, Chartered Accountant, Company Secretaries, Management Consultants, Architectures, Engineers, Tax Consultants, Insurance Agents, and Surveyors all kind of Contractors etc.
- Directors & Partners - Persons acting as Directors of the Companies, the Partner of a firm or designated partner and Partners of LLP are also considered as Professionals. Hence, to comply with the provisions of Professional Tax law the Directors and Partners are required to obtain registration under PT Act, within 30 days of their appointment.
- As an Employer - The professional tax on salaried individuals in applicable state is to be collected by the employer after making the appropriate deduction from the salary of the employees and to deposit with the professional tax department. The employer needs to obtain registration with professional tax department within 30 days of its applicability
Documents Required
- Address proof of establishment
- Address proof of partners, proprietor or directors as applicable
- PAN of partners, proprietors and directors as applicable
- Photo of partners, proprietors and directors as applicable
- Salary details of employees
- Financial statements of the establishment
- Certificate of incorporation and address proof in case of company
- Board Resolution or consent statement of partners
- Premises proof of Company and an NOC from the owner of such premises
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'Square' symbolizes integrity and equilibrium in our work, while 'Finserv' underscores our passion for delivering cutting-edge financial services and advisory.
Steps for Applying
Process for Applying Professional Tax Registration
- Fill – Fill the online application form – form 49A
- Pay – Make Payment online
- Sign – Download the prefilled application and affix photos and signature.
- Send – Send the signed application and supporting documents by post or courier to the address provided in the welcome mail
Although this is a State-specific, so every state could have different procedure, however following are the general steps involved here.
Business Registration / Incorporation
Register the Business as Proprietorship /Partnership / Limited Liability Partnership or Private Limited Company
Application to Professional Tax Department
Submit online application for Employer Registration (Enrolment Certificate) to Professional Tax Department with all supporting documents
Obtaining Certificate of Enrolment (EC)
Benefits
Why pay Professional Taxes?
Here are the reasons why one should never miss a professional tax payment
It Is A Judicial Requirements
As per the rules and regulations of India, every employee is bound to make the professional tax payment without fail. Employers in many states of India are strictly bound by the judiciary to obtain the registration of professional tax. After the registration, they have to make the deductions and pay the service taxes of all the employees who work under them.
To Avoid Paying Penalties
Failure to professional tax registration results in huge penalties that keep on increasing over time.
Easy To Comply
When something is easy to comply, it won’t be difficult to follow. The professional tax regulations are so easy to follow that and not difficult to comply with. The registration procedures can be done quickly and the further proceedings are also much easier.
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