Professional Tax is the tax applied by the various State Governments on salaried persons working in government or non-government entities, or in practice of any profession such as , Lawyers, Doctors, etc. or carry out some form of business. However it is not applicable in each state, some of the states like Maharashtra, Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Assam, Kerala, Meghalaya, Tripura etc. Professional Tax is deducted from the salary of the salaried employees by the employers and same is deposited with the State Government. The rate of professional tax charged is based on the Income Slabs set by the respective State Governments. The tax amount of professional tax paid during the year is allowed as Deduction under the Income Tax Act.
Professional Tax Registration hold your legal structure strong, because of its mandatory nature, registration protects to from non-compliance.
Professional Tax Registration save you from penalties imposed by the state or local authority. Failure to opt registration may you costly.
Compliance with professional tax regulation is easy. Professional tax registration can be obtained easily and compliance maintained easily.
Many governmental bodies requires professional tax registration before going for any kind of bidding in respect of services rendered by you.
It helps your organisation to make better brand image in market because of its strong legal structure which.
By getting Professional tax registration you and your organisation helps in betterment of governance in India and show your contribution towards nation.
It became easy, just follow these steps to get your work done