Get Profession Tax Registration (Maharashtra)
Step 1: Send the duly signed Documents by WhatsApp
Step 2: Documents checked and uploaded
Step 3: PTEC or PTRC Certificate generated
- Pan Card
- Address Proof
- Cancel Cheque of saving a/c
- 7-10 days
- Quick Registration
- Proper guidance on PT Registration
- Guidance on PT return filing
Professional Tax Registration
Professional Tax or PT as it is called is a state level tax levied by Maharashtra Govt. on all the business, Trade, Professional service provider and Calling. It is a yearly tax when levied on business owners such as proprietors, Partners, and Directors of Company, who need to pay maximum Rs 2500/- every year. Every GST registered dealer whether dealing in taxable or exempt goods also needs to Register under PTEC and pay PT Return. Recently Profession Tax Department of Maharashtra is sending SMS to all GST Registration holders to register for PT and file its return. If you have also received such intimation, then simply contact us and we will do all related compliance for you. We can do compliance for all over Maharashtra.
Let It Clear The Confusion
What is Profession Tax?
Professional Tax is a State level Tax on Professions or Employment. Profession tax is applicable both on Individuals and organizations (Proprietorship, Partnership, Companies, Hindu undivided Family, Societies etc.)
What are different types of PT registrations?
1) Registration of Individual, Professionals and Companies
Every person doing any business or profession is liable to obtain a Certificate of Enrollment from the Profession Tax Authority. Once this certificate is obtained a person is liable to pay profession Tax.
2) Registration of PT on behalf of employees
An employer organization is required to get registered and take profession tax number (PTRC). PTRC gives a power to the company to deduct Professional tax from the Employee’s salary and paid it same to the Government.
Rate of Profession Tax and Exemptions
As Profession Tax are a state Govt. tax rate and other provisions changes state to state. For example in Maharashtra PT rate are fixed to 2500 per entity except in case of employee drawing salary less than 10000 per month where it Rs.2000 per year.
To understand the Profession Tax provision of your state contacts us at 8080809061.
Exemptions to Profession Tax: – Certain class of entity and individual are exempt from payment of profession tax. For example in Maharashtra for Sr. Citizen Profession Tax is exempt. Women employees Drawing salary upto Rs 10000/- pm also exempt.
Maximum Profession tax limit:- As per amendment in 1988 PT maximum limit for one entity is fixed to 2500 , However many states are perusing Parliament to increase it to Rs 7500.
Keep watching here to get update
No Double profession tax:- This is a frequently asked question that if a person is working as salaried person and also running a proprietorship.
Who need to take PTEC registration?
Following person need to take PTEC registration immediately without delaying:-
- Proprietor of a single owner firm
- All Partners of Partnership Firm
- All Directors of a Company
Who need to take PTRC Registration?
Every employer who has employees drawing monthly salary Rs 10000/- and above need to register for PTRC and deduct Rs 200 from employees monthly salary and pay to PT dept along with PTRC return
Does he need to register at both the places and pay taxes twice?
The answer in No, Provided his employer and his business firm both are located in same state.
Similarly if a person is director in more than one company and all those companies are located in a state he needs to pay profession tax once.
I am a doctor should I also required to register for PT?
Yes if you are a registered doctor with medical council of India or any other council dealing in allopathic, homeopathy, naturopathy or any other discipline of treatment , then it is required for you to take registration and pay PT.
If I have taken GST Registration, should I also need to take Profession tax registration?
Yes, any Business, Profession , Trade or calling operating for profit motive in Maharashtra need to take profession tax number and pay PT every year by filing appropriate challan and return. Now Maharashtra Profession tax department has started sending notice for all GST registered dealer who has taken GST but not registered for PT.
Why to choose AKT Associates for Profession Tax registration?
Experience- That Matters:- At AKT Associates we have been our client’s obvious choice since more than 20 years in Navi Mumbai and Mumbai area. We are one of leading online Profession tax consultant service Navi Mumbai and Mumbai Area For serving you with the best results we use our experience of decades which has exposed us with deep understanding of these agreements.
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.