Expert Tax Solutions by Speed Filings

Are you ready to streamline your Professional Tax Registration? At Speed Filings, we make the entire process hassle-free, ensuring compliance with ease. Professional tax is a direct tax imposed on those earning income through professions, employment, calling, or trade. Unlike central income tax, professional tax is levied by state or union territory governments in India.

Why Choose Speed Filings for Professional Tax Registration?

• Swift Processing: We specialize in a quick and seamless Professional Tax Registration tailored to your business needs.
• Expert Guidance: Our professionals understand the intricacies of tax regulations, guiding you through the process with expertise.
• Customized Support: Every business is unique. We offer personalized support, ensuring your registration aligns perfectly with your professional status.
• Document Preparation: Let us assist you in preparing and organizing the necessary documents, ensuring a smooth application process.
• Application Submission: Speed Filings takes care of submitting your Professional Tax Registration application accurately to the relevant authorities.
• Timely Processing: With us, expect timely processing, reducing waiting times and allowing you to obtain your Professional Tax Registration promptly.
• Compliance Assurance: We stay updated with ever-changing tax laws, ensuring your registration complies with all necessary tax regulations and guidelines.
• Customer Support: Have questions or concerns? Our customer support team is ready to address your queries and provide timely assistance.

Professional Tax Applicability:

Applicable to individuals, Hindu Undivided Families (HUFs), companies, firms, co-operative societies, associations, and individuals engaged in professions such as law, teaching, medicine, and more.

Professional Tax Applicable States across India:

Refer to the table to know the states imposing professional tax in India.

Professional Tax Rate:

The maximum payable amount per annum is INR 2,500. The tax amount varies based on the gross income of the professional and is usually deducted monthly.

Who Pays Profession Tax?

Salaried and wage earners have the tax deducted by their employer, while self-employed individuals pay it directly to the state government.

Employer’s Responsibility for Professional Tax:

Employers are responsible for deducting professional tax from employees’ salaries and depositing the amount with the state government. Timely submission of returns with payment proof is essential.

Exemptions for Payment of Professional Tax:

Certain individuals, including parents of children with disabilities, members of armed forces, badli workers in the textile industry, and more, are exempted from paying professional tax.

Professional Tax Registration and Compliance:

• Registration is mandatory within 30 days of employing staff or, for professionals, within 30 days of starting practice.
• Application should be made to the state tax department, and if multiple places of work exist, separate applications are required.
• Due dates for payment vary based on the number of employees.
• Professional Tax Return filing is mandatory for those with Professional Tax Registration.

Benefits of Professional Tax Registration:

• Simple compliance process with minimal restrictions.
• Timely payment avoids penalties and punitive actions.
• Acts as a revenue source for state governments.
• Allows for deduction on previously paid professional tax.

Documents Required for Professional Tax Registration:

• Certificate of Incorporation / LLP Agreement
• MOA and AOA
• PAN Card of Company/LLP/Proprietor/Owner/Director
• NOC from the landlord
• Passport size photos of Proprietor/Owner/Director
• Address and identity proof of Proprietor/Owner/Director
• Details of employees and salaries paid
• Additional registrations and licenses

Penalties Related To Professional Tax Registration:

Penalties vary based on state regulations, including penalties for not obtaining registration, late filing of returns, and late payment of dues.

Seamless Professional Tax Registration Services with Speed Filings:

Speed Filings simplifies the process of Professional Tax Registration in India. Our services offer:

• Expert guidance
• Document preparation
• Application submission
• Timely processing
• Compliance assurance
• Customer support

Choose Speed Filings for a stress-free Professional Tax Registration experience. Connect with us today and streamline your tax compliance effortlessly!