Profession tax registration

• • • • • • • • • • • • • • • A Detailed Guide to Professional Tax Registration Certificate (PTRC) Updated on June 11, 2023 , 515 views According to the notification, professional taxpayers will have to jointly pay the The professional tax is the name given to this deduction. Each state imposes this tax in a manner that is often unique; therefore, there are certain states where no deduction is allowed. You will find more details about PTRC, professional tax, and other related aspects in this article. Understanding Professional Tax Most Indian state governments levy a monthly professional tax on your What is PTRC Registration? The company serving as the employer must have a Professional Tax Registration Certificate (PTRC). The employer must withhold professional tax from the employee's remuneration when the employee's compensation exceeds Rs. 7500 per month. Organisations with directors must obtain a professional tax number. In the case of a full-time director or a managing director, the director is considered an employee of the corporation, and the company must deduct at least Rs. 200 per month from each director's income and pay that tax at the proper intervals. The directors are not required to obtain a separate Professional Tax Enrollment number. Who is Liable for Paying the Professional Tax? For the government, professional tax payments are a source of income. If you are salaried, you can pay your professional tax online according to the announced pre-determined profes...

Updated: 30-12-2022 10:07:07 AM As per the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975, individuals (both self-employed and salaried) as well as corporate entities are liable to pay profession tax on their income. However, in order to pay the In order to make the registration process for the profession tax, a hassle-free experience, the state government has made the entire process available online. How to Enroll Maharashtra Profession Tax ? • Go to Department of Goods and Tax, Maharashtra Website. • Click on ‘ Other Acts Registration ’ and select ‘ Other Acts Registration ’ in that. • Now, click on ‘New Registration Under Various Acts’. An instruction sheet will appear, detailed guidelines regarding application process flow, a list of required documents are provided in the instruction sheet. After carefully examining the guidelines, Click “next” • Click on ‘New Dealer’ if you do not have any active registration certificates under any of the acts administered by MSTD and click on ‘Next ’. • Please enter your • A temporary activation link will be sent to your email id. Click on that link and log in using the password sent to your registered mobile number. Once verified, new login id and password will be sent to your registered email id. • Please go to Home Page again. • Click on ‘ Log in for e-Services ’ and then click on ‘ Vat and allied acts ’. • Now, Please enter the user credentials to reset your password. • Once you have reset your pa...

Professional tax is one which is levied on all professions, trade and forms of employment. The tax is not restricted itself to professionals alone as it is collected based on an individual’s income who must have professional tax registration certificate. Therefore, employees, and individuals who own businesses and professionals are taxed under this term if their income exceeds the threshold. According to Article 246 of the Indian Constitution, the Parliament is the only body which can alter laws related to tax on profits. A professional tax, however, is levied by the State Governments; hence, they have the right to make laws and amendments related to those concerns. The article 276 of Indian Constitution deals with the taxes which are applicable on employment, trade, & professional based occupation. Page Contents • • • • • • • • What is the Difference between Tax Deduction at Source (TDS) and Professional Tax deduction? One has to understand a difference between (TDS) Tax Deduction at source and professional tax deduction. Both the terms are often mistakenly used in place of one another. However, the tax deduction at source is the amount cut by the employer based on the predetermined TDS slab. The income here is subject to a tax deduction from source, which includes earnings from fees, rent, salaries, and even interest savings. Therefore, it works as a tax one has to pay in advance. Thus, tax deducted at source leads to Income Tax return filings which help in saving tax la...

The tax charged by the state government on profession tax, employment, or trade, which applies to salaried workers and professionals such as chartered accountants, physicians, and attorneys, is known as profession tax. The Indian Constitution grants state governments under Article 276 to collect a profession tax in India. Accordingly, Maharashtra State Tax on Professions, callings, trades, and Employment Act of 1976, profession tax is charged on Individual/all persons, whether paid or non-salaried. In Maharashtra, even corporate organisations must pay profession tax as mentioned by Maharashtra government. The Online professional tax payment in Maharashtra can be done on Maha GST official website based on slab rate, which can only be made after obtaining the profession tax Registration in India. Maharashtra Regulatory Authority for Professional Tax Payment Online The Maharashtra State Tax “MahaGST” on Trades, callings, Professions, and Employment Act, 1976 governs PTRC/PTEC, online professional tax payment in Maharashtra. According to the requirements of the appropriate state body, such tax must be paid through official MahaGSt website by all entities, persons, and corporations formed in Maharashtra. The Advantages of Online Professional Tax Payment in Maharashtra The mentioned are the advantages of online profession tax payment in Maharashtra in detail. Morale has improved. The online payment of profession tax in Maharashtra boosts morale within the profession since it ind...