Professional tax is a state level tax and not a union tax. Employers coming under the jurisdiction of states which levy professional tax are required to collect PT from employees and remit the same to the government.
Delay in obtaining Professional Tax Registration Certificate incurs a penalty of Rs. 5/- per day. In case of non/late payment of profession tax, penalty will be 10% of the amount of tax. In case of late filing of returns, a penalty of Rs. 300 per return will be imposed.
Assesses will be required to make timely payments of the PT collected and file PT returns according to the rules laid down by the respective state government.
Yes. Every employer falling under the specified criteria should mandatorily register with the state authority
Professional tax is applicable in Karnataka, Andhra Pradesh, West Bengal, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura, Telangana and Madhya Pradesh.
ation in Form I [See Rule 3(1)]Application for Registration ]and Form II (See Rules 4(1) and 6(2)) of tax on Professions, Trades, Callings and Employments Act, 1987 by furnishing the following details a) Address proof b) Bank account with Branch name c) firm registration certificate d) mail ID e) TIN/VAT Number.