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Professional Tax is levied on professions,trades and compulsorily paid by every employee.We help in Professional Tax registration and online tax preparation.<br><br><br><br>
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ProfessionalTaxisataxleviedonprofessionsandtradesinIndia.Itisastate-ProfessionalTaxisataxleviedonprofessionsandtradesinIndia.Itisastate- leveltaxandhastobecompulsorilypaidbyeverymemberofstaffemployed inprivatecompanies.Theownerofabusinessisresponsibletodeduct professionaltaxfromthesalariesofhisemployeesandpaytheamountso collectedtotheappropriategovernmentdepartment. Professionaltaxisusuallyaslab-amountbasedonthegrossincomeofthe professional.Itisdeductedfromhisincomeeverymonth.Someofthestate governmentsthathaveleviedprofessionaltaxareKarnataka,WestBengal, AndhraPradesh,Maharashtra,TamilNadu,Gujarat,Assam,Chhattisgarh, Kerala,Meghalaya,Orissa,TripuraandMadhyaPradesh.Incaseofsalaried employeesandwageearners,Employerisliabletodeductprofessionaltax withtheStateGovernment.IncaseofotherclassofIndividuals,thistaxis liabletobepaidbythepersonhimself. VentureCarecanhelpobtainonlinetaxpreparationinIndia,fromjust Rs.4199. NEEDTOOBTAINPROFESSIONALTAXREGISTRATION STATUTORYREQUIREMENT Employersincertainstatesarerequiredtomandatorilyobtain professionaltaxregistration,deductandpayservicetaxonbehalfof employees.
AVOIDPENALTY Failuretoobtainprofessionaltaxregistrationorremitprofessionaltax couldresultinfinesandpenaltiesthataccrueovertime. EASYCOMPLIANCE Compliancewithprofessionaltaxregulationiseasy.taxpreparationservices canbeobtainedeasilyandcompliancemaintainedeasily.
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