Professional Tax Registration Online in Chennai

Professional Tax Registration

Professional Tax is a tax imposed by the State Government on all salaried workers including employees, professionals, and trades in India. Professional Tax Registration Online in Chennai  may be a compulsory registration process for all the workers employed during a company. It is essential for every business or entity within 1 month after its registration or commencement of business with the help of Tax Consultants in India.

Who Pays Professional Tax?

Self-employed individuals who are working in any kind of profession, business, and trade will come under the category of professional tax and are legally responsible for paying professional tax to the state government. This tax is collected by the Commercial Taxes Department and the tax slabs differ for each state. The tax is calculated from the annual taxable income of the professionals and it are often paid annually and also as monthly tax. It is mandatory for a self-employed individual to get the certificate of Enrolment from the authorized authority in the specified format.

If a salaried individual or wage earner’s, Professional tax is deducted from the salary of the employees every month. An employer cannot make a deposition of the deducted amount without getting the registration certificate from the respective authority.

What are the Documents required for Professional Tax Registration?

·         Proceed below to seek out out the document you would like while registering for professional tax online or offline.

·         PAN Card of LLP/Company which is attested by the director of the corporate .

·         Company’s checking account including canceled cheque and statement .

·         The statement of consent by the partners or Board Resolution.

·         Attendance Register and Salary Register.

·         Incorporation professional tax registration certificate including AOA & MOA and LLP Agreement.

·         Business place proof along side the premises owner’s NOC.

·         Address, identity proof from all company directors, passport size photographs.

·         Establishment and Shop certificate.

Professional Tax Registration Process in India

The professional tax registration procedure is very easy. Here are three details that one must know and understand intimately .

Varies According To State

In case you are a business owner and have employees from different states working for you, then you will have to get a professional tax registration for all the states. The tax slab rates can vary from one state to another. This can make it a cumbersome task for small-scale industries. Many states in North India don't have professional taxes.

The Frequency Of Filing Returns

The frequency with which one must file returns will depend upon the state the person resides in. Hence, before filing for a return it's important to understand the principles of the state.

The Penalties That Await

Professional tax is applicable to all types of business entities. Professional tax are often calculated on the idea of self-assessment. It mainly depends on the professional or employee’s gross income within the half-yearly stage.

If you're an individual who owns a trade or employs staff in your company or may be a working professional, then you'll need to register at the tax authority of the State’s professional tax department. The employer is additionally liable for deducting the professional tax from his/her employee’s salary. The deducted amount shall be paid to the govt when the employer files their professional income tax return .

Whether you belong to the category of knowledgeable who is additionally self-employed otherwise you employ people for your business Chennai Filings can assist you with Professional tax registration online. Our Chartered Accountants and taxation professionals will provide you with the proper guidance and file the returns on your behalf.

The Maharashtra government, for instance, can levy a penalty of about 10 percent of the amount which was delayed. Hence, the more one avoids paying the registration, the more they're going to need to worry about the penalties.