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Professional tax refers a state level tax imposed on income which is earned by the way of profession, trade, calling or employment. The tax is based on slabs decided by different states depending upon the income of individual /business /employee of an entity. The maximum tax which can be imposed is restricted to the amount of Rs. 2500/-.
Details of employees in the establishment for the period.
Statement showing details of PT deductions for the period.
Login ID & Password of Professional Tax Portal.
Professional Tax refers to a tax which are collected by State Governments from the professionally occupied business entities.
Every person who is earning income from salary or professions are required to pay professional tax. The employers, professionals, traders, etc. come under the purview of Professional Tax registration.
It is deducted from the salary of the employer, which is then eligible for deduction from the computation of taxable income.
Professional Tax Registration are of two types– PTEC and PTRC registrations.
Professional Tax Certificate are of two types –
Professional Tax Enrollment Certificate (PTEC): PTEC is paid by the owner, business entity or a professional like Private or Public Limited Company, Director Sole Proprietor Etc.
Professional Tax Registration Certificate (PTRC): In PTRC employer whether Government or Non- Government deducts the tax from the employee’s wages and deposits the tax to the government.
Enrolment certificate is also known as the Professional Tax Enrolment Certificate (PTEC), PTEC registration is obtained for the payment of taxes by the employers.
Professional Tax in India is applicable for the individuals and entities like –
Companies, Firms, Limited Liability Partnerships, HUF, Corporation, Societies, Associations, Clubs, Legal Practitioners, Chartered Accountants, Company Secretaries, Tax consultants, management professionals, contractors, Architects, Engineers, Insurance Agents, Surveyors, doctors, etc.
Thus Professional Tax return filing is the responsibility of every businessman, who for fulfilling the very regulation shall deduct the professional tax from an employee’s salary and expense.
All paid Professionals working /trading in India. Every professional who is acquiring a regular monthly wage is required to pay this tax. The professionals would get a unique registration number by registering in the P-Tax portal and using that they can pay the professional Tax.
Following are exempt from paying Professional Tax-
Professional Tax is calculated on the basis of Salary slabs. The maximum amount paid as Professional Tax is Rs.2500 per year. There is no tax under minimum salary. The tax slabs differ from state to state.
Yes, Professional Tax is a compulsory tax which is to be paid by every person eligible and in case of non-compliance penalties are imposed.
The Professional Tax Rules differ and the salary slab structures for levying Professional Tax from state to state and thus each state can set limits and rates. But the maximum amount limit has been set to Rs.2500 per year.
