Overview
- Statutory Requirement: Employers in certain states are required to mandatorily obtain professional tax registration, deduct and pay service tax on behalf of employees.
- Avoid Penalty: Failure to obtain professional tax registration or remit professional tax could result in fines and penalties that accrue over time.
- Easy Compliance: Compliance with professional tax regulation is easy. Professional tax registration can be obtained easily and compliance maintained easily.
- Tax Deductible:A deduction from salary can be claimed by the taxpayer on account of professional tax paid. The deduction for professional tax will be allowed in the year in which the tax is actually paid by the employee.
Packages
Choose the package that suits you and let us know.
Why you need PTRC Registration?
Professional tax is imposed at the state level in India. It is generally a slab-amount based on the gross income of the professional and deducted every month. Some of the state governments that have levied professional tax are Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh.
Talk to a CA to know more!
Steps Involved
Step 1: Receive Documents
Step 2: Application Drafting
Step 3: Review and Changes
Step 4: PTRC Registration
Documents required
Address proof of establishment
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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