Uploaded on May 30, 2022
Professional tax registration in Chennai is applicable to each organization which conducts business and for people engaged in any profession, trade, calling or employment. The professional tax is calculated by self assessment and is based on the half-yearly gross income of the employee or professional.
professional tax registration
Professional Tax Registration chennai
Professional Tax Registration
Professional Tax Registration in chennai is applicable to each
organization which conducts business and for people engaged in any
profession, trade, calling or employment. The professional tax is
calculated by self assessment and is based on the half-yearly gross
income of the employee or professional.
The Purpose of Professional TAX
Professional tax is levied by the state government of that particular state.
Professional tax registration chennai is the tax that is levied on the income that
is earned by any trade and is remitted by the employer
Who Pays Professional Tax
Self-employed individuals who are working on any kind of profession, business
and trade will come under the category of pt registration and are legally
responsible for paying professional tax to the state government.
The tax is calculated from the annual taxable income of the professionals and
it can be paid annually and also as monthly tax.
Benefits of Professional Tax Registration
Total amount of Professional Tax paid during the year is allowed as deduction
under the Income Tax Act. The Professional Tax is a source of revenue for the
state governments which helps in implementing schemes for the welfare and
development of the region.
Professional Tax Applicable
HUF
Individual
One person Company/Private/Public
Co-operative Society
Body of Individuals
Association of Person
Payment of Professional Tax
Professional tax is debited at a pre-determined slab rate, either
monthly or annually by the Commercial Tax Department of that
particular state.
A self-employed person can pay professional tax online directly
while in case of salaried individuals, it is completely employers’
responsibility to deduct the professional tax and deposit such tax to
that particular State Government.
Professional Tax Registration Process
Filing the Application Online.
Filing the form along with the Requisite Documents.
Submit Hard Copy.
Scrutinization by the Tax Authority.
Issuance of Registration Certificate.
Consequences of Violation of Professional Tax Regulation
Individuals who fail to submit their p tax return are levied for the penalty. All
states enforce a penalty for individual who is not registering professional tax even
after it has become applicable. The amount of penalty for not submitting the
professional tax varies from state to state.
Company Registration Services in Chennai
For registering a New company/startup or any other Related Query
Contact us-
No.13/22, 1st & 2nd Floor, West Karikalan Street,
Adambakkam, Chennai, Tamil Nadu 600088
phone: 7305 345 345
Email: [email protected]
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