1. What is Professional Tax?
Professional tax is a state level tax which is imposed on income earned by way of profession, trade, calling or employment. The tax is based on slabs depending upon income of individual who may be self-employed or working as employee of an entity. At present the maximum tax that can be imposed is restricted to is Rs. 2500/-.
2. Applicability of PTEC and PTRC:
3. What is Enrolment certificate and what is Registration certificate?
Every employer in specific states is required to deduct taxes from salary when paid to one or more employees when payment made exceeds Rs 5000(this limit is for Maharashtra) and deposit with state government. That entity is required to obtain registration certificate. When person is employed in profession by two or more employers and is getting salary/wages exceeding Rs. 5000 but employer is not deducting professional tax then the individual needs to get enrolment certificate from authority.
4. What are the Required Documents?
The Certificate of PTEC or PTRC is to be applied by a person within Thirty days from the date he is liable to pay Professional tax.
5. Registration process for PTEC and PTRC:
STEP 1: Creation of Temporary Profile
STEP 2: Change Password of Temporary Profile
STEP 3: Navigating & Completing the Registration Tab
STEP 4: Enter Address, Place of Business and Bank Details
STEP 5: Tick the Declaration & Upload documents
STEP 6: Preview & Download
STEP 7: Submit Completed Application form
STEP 8: After Reviewing the application there can be grant of Registration Certificate or Rejection of the Application.
Note: This working is as per our research and it cannot be considered as complete data. It is as per our knowledge. There can be modification in the contents of this working from time to time as and when required.
Prepared By : Ramya C Nathan | (Research intern at UFAS)
Approved By: Reetika Siddharth Upadhyay | (Founder UFAS)