Professional tax is the tax charged by the state governments in India. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretaries, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection. In India, professional tax is imposed at the state level. However, not all states impose this tax.
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Under Maharashtra - Every employer registered under this shall furnish to the prescribed authority a return in such form, for such periods and by such dates as may be prescribed showing therein the salaries and wages paid by him and the amount of tax deducted by him in respect thereof.
Provided that the Commissioner may, subject to such terms and conditions, if any, as may be prescribed, permit any employer to furnish a consolidated return relating to all or any of the places of business of such employer in the State, for such period or periods, to such authority, as he may direct.
TAX LIABILITY | PERIODICITY | MONTH OF SALARY TO BE COVERED | DUE DATES |
---|---|---|---|
If less than Rs 50,000/- in previous year | Annually | March to the P.Y. and April to February of the current year | 31st March |
If more than Rs 50,000/- in previous year | Monthly | Salary of previous month | End of the month for which return is filed |
In case of 1st year of registration | Monthly | Salary of previous month | End of the month for which return is filed |
Note: Professional tax return is required to file in case of PTRC registration.