Professional tax is the tax levied by the some state governments. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection of Professional Tax. In India, professional tax is imposed at the state level. However, not all states impose this tax. The states which impose professional tax are Karnataka, Bihar, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat, Assam, Kerala, Meghalaya, Odisha, Tripura, Madhya Pradesh, and Sikkim.
Business owners, working individuals, merchants and people carrying out various occupations comes under the purview of this tax.
Professional tax is levied by particular Municipal Corporations and majority of the Indian states impose this duty. It is a source of revenue for the government. The maximum amount payable per year is INR 2,500 and in line with tax payer’s salary, there are predetermined slabs. It is also payable by members of staff employed in private companies. It is deduced by the employer every month and sent to the Municipal Corporation. It is a mandatory to pay professional tax. The tax payer is eligible for income tax deduction for this payment.
After receive the above document our expert prepare application in require form and submit required form in Authority, when process is completed, Authority will be issued certificate in 7-10 days .
If no. of employees is less than 20 then due date of Professional Tax payment is 15th of next month of quarter end and date of filing return is 15th of next month of quarter
If no. of employees is more than 20 days then due date of professional Tax payment is 15th of next month of each month end and date of filing return is 15th of next month of month