Professional Tax Registration Service
Professional Tax may be a tax levied on professions and trades in india. it’s a state-level tax and should be mandatorily paid by each member of employees used in private companies. The owner of a business is accountable to deduct skilled tax from the salaries of his staff and pay the quantity thus collected to the appropriate government department.
Professional tax is sometimes a slab-amount supported the gross financial gain of the skilled. it’s subtracted from his financial gain monthly. a number of the state governments that have levied skilled tax ar Mysore, West Bengal, Andhra Pradesh, maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh. just in case of salaried staff and wage earners, leader is prone to deduct skilled tax with the government. just in case of other class of people, this tax is liable to be paid by the person himself.
Benefits of Professional Tax Registration:
- Several states have made necessary to receive professional tax registration for employers to decrease and pay service tax on the part of employees.
- As it is a compulsory statutory requirement so incompetent to obtain professional tax registration or absolve professional tax could occur in fines and penalties that increase over time.
- The advantage of professional tax registration is that it can be concerned & complied with quickly.
- A reduction of salary can be demanded by the taxpayer on account of professional tax funded.