Professional Tax is a tax collected by State Governments from the professionally occupied business entities. A person earning income from salary or professions such as Chartered Accountants, Company Secretaries, Lawyers, etc. is required to pay professional tax. For the purpose of this registration, the employers, professionals, traders, etc. come under the purview of registration.
This tax is deducted from the salary of the employer, which is later eligible for deduction from the computation of taxable income. The registration is obtained by the employers and business owners with the respect Municipal Corporation. Being it State based registration, the rate of tax and method of registration is different. Further, there are two types of registrations being – PTEC and PTRC registrations.
Advantages of Professional Tax Registration:
- Be compliant
- Nominal payables
- Safeguard from paying penalties
We at Wise Tax Filings make it easy and inexpensive to register your professional tax. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for Professional Tax Registration:
ID proof
A self-attested copy of ID proof of Proprietor/ Partner/ Director
Address Proof
Self-attested copy of address proof of Proprietor/ Partner/ Director. Shop and Establishment Certificate(if any )
Photographs
3 copy of passport size photograph of the Proprietor/ Partner/ Director
Incorporation Documents
MoA – AoA of Company, Partnership Deed/ LLP Agreement, etc. along with the registration certificate, if any
Complete registration in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the information.
3. Your registration is complete.
It only takes 10-15 working days!
Day 1
- Registration Requirement for Consultation
- Collection of Basic Information
- Provide Required Documents
Day 2 – 4
- Preparation of registration application
- Application for professional tax registration
Day 5 onwards
- Processing by Government Department
Day 15
- Professional Tax Registration Certificate
Frequently Asked Questions:
Who shall obtain the Professional Tax Registration?
The responsibility to obtain a registration lies with the owner of the business or profession. The business owner/employer is required to deduct the professional tax based on the professional tax slab from the salaries of employees and pay the same to Government before the 15th day of each month or quarter as applicable.
What is enrolment certificate?
Also known as the Professional Tax Enrolment Certificate (PTEC), this registration is obtained for the payment of taxes by the employers.
What is the registration certificate?
The employers are required to obtain the registration when employees are appointed. This makes the employees eligible to deduct the professional tax from his employee’s salaries. Registration should be obtained within the 30 days of employing staff.
More Questions? Our Experts are here to help, fill out the form on this page or
Call us at: 1800 123 0000 or Email us: hello@wisetaxfilings.com