Professional Tax Registration -PTEC and PTRC

Professional Tax is the tax levied by the several State Governments of India on salaried people operating in government or non-government entities, or in the exercise of any profession, such as CAs, Lawyers, Doctors, etc. or persons who send out some form of business/profession.
Professional tax is taxed at the state level in India. Online p tax verification can be done on the state government website.
Different states have distinct rates and modes of collection. It is not taxed in all states. Professional Tax is decreased from the salary of the salaried employees by the employers and the same is collected with the State Government.

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ABOUT

Professional Tax is a tax-managed by State Governments from professionally occupied business entities. A person receiving income from salary or services such as Chartered Accountants, Company Secretaries, Lawyers, etc. is needed to pay professional tax. For the goal of this registration, the employers, professionals, traders, etc. happen below the purview of registration.

This tax is subtracted from the salary of the employer, which is later available for deduction from the calculation of taxable income. The registration is received by the employers and business owners with the regard to Municipal Corporation. Being State-based registration, the measure of tax and the method of registration is distinctive. Further, there are two types of registrations being – PTEC and PTRC registrations.

Benefits of Professional Tax Registration

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Be compliant

Helps you in keeping your company actively running and legally compliant with state laws.

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Safeguard from paying penalties

Employers and employees are secured from heavy penalties.

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Nominal Payables

The taxes deducted as per the state government are nominal and they are structured according to a salary range, hence the burden on taxpayers is nominal.

 
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Deductions

Deductions can be claimed in the salary on the basis of the professional tax paid. The deductions will be allowed in the year corresponding to which the taxpayer made the payments. 

 

PROCESS FOLLOW

With Pareek G, it is refreshingly simple to register your company online. Here’s what you need to do:

1-2 HOURS
Select Package

Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.

2 WORKING DAYS
Collect Information and Documents

We will collect the basic information and required documents for the initiation of the process. 

 
2 WORKING DAYS
Preparation of application for Professional Tax Registration

We will prepare the application and will register it withthe concerned authorities. 

2 WORKING DAYS
Professional Tax Registration Certificate

We will acknowledge you as the submission gets completed

DOCUMENTS REQUIRED

Pre-requisites

  • A self-attested copy of ID proof of Proprietor/ Partner/ Director
  • Self-attested copy of address proof of Proprietor/ Partner/ Director.
  • Shop and Establishment Certificate(if any )
  • 3 passport size photograph of the Proprietor/ Partner/ Director
  • Incorporation Documents
  • MoA & AoA of Company
  • Partnership Deed/ LLP Agreement

PRICING

Basic Package

Save upto-10% cost on this package

₹ 7,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
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Growth Package

Save upto-20% cost on this package

₹ 9,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
BUY NOW

Premium

Save upto-30% cost on this package

₹ 16,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Trademark Registration
  • 1month free GST filing
  • NDA
  • Guideline for Startup India Registration.
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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FAQ's

The responsibility to receive a registration lies with the owner of the business or service. The business owner/employer is needed to subtract the professional tax based on the professional tax part from the salaries of employees and meet the same to Government before the 15th day of every month or quarter as appropriate.
 
Also recognized as the Professional Tax Enrolment Certificate (PTEC), this registration is received for the payment of taxes by the employers.
 
 
The employers are needed to obtain the registration when employees are designated. This makes the employees available to decrease the professional tax from their employee’s salaries. Registration should be received within 30 days of employing staff.
 
 
 
The State Governments of the following states have levied professional tax: Punjab, Bihar, Karnataka, Maharashtra, West Bengal, Andhra Pradesh, Telangana, Tamil Nadu, Gujarat, Assam, Orissa, Sikkim, Kerala, Meghalaya, Tripura, and Madhya Pradesh.
 
 
 
 
The highest amount payable per annum towards the professional tax is ₹ 2,500. The professional tax is normally a slab-amount based on the gross income of the professional. It is subtracted from the employee’s income each month.
 
 
 
 
 
Yes, if you have more than one place of work, you should make a separate application for professional tax registration to the concerned professional.
 
 
 
 
 
 
For delays in getting a Registration Certificate, a fine of Rs5/- per day is levied. In case of non/late payment of professional tax, the fine will amount to 10% of the amount of tax. In event of late filing of returns, a fine of ₹ 300 per return will be taxed.
 
 
 
 
 
 
 
The scheduled date for the payment of Profession Tax is 30th June for the employees recruited before 31st May of the year. The people filed after 31st May of a year are asked to pay Profession Tax within one month from the date of registration. Employers are requested to file a monthly return accompanying with due payment of tax.
 
 
 
 
 
 
 
 
In cities like Ahmedabad, both the registration must be received simultaneously. In a few places, Shop & establishment registration is a necessity for this application. Hence, it depends on the law where the scope of the premise is located.
 
 
 
 
 
 
 
 
 
You can check the Ptec online on your state government’s website. For example, if you are from Maharashtra check it at the following link: http://mahavat.gov.in/Tin_Search/Tinsearch.jsp
 
 
 
 
 
 
 
 
 
 
1. Go to Department of Goods and Tax, Maharashtra Website.
2. Click on ‘Other Acts Registration’ and select ‘Other Acts Registration’ in that.
3. Now, click on ‘New Registration Under Various Acts’.
4. Get started with the form.