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Professional tax is a state tax, which is levied by the state government. Professional tax can be divided into two parts namely Employer Professional Tax (PTEC) and Employee Professional Tax (PTRC). Though both the taxes are deposited with the government by the employer only, there is a difference in nature.
Employer Professional Tax (PTEC) is a fixed amount that is to be paid by the employer as his professional tax e.g. in the state of Maharashtra the professional tax payable by the employer or business (PTEC) is Rs. 2500/- per year. Employee Professional Tax (PTRC) on the other hand depends upon the monthly earnings of the employee. The employer deducts a certain amount from the salary of his employer every month and deposits the same with the state government. The maximum professional tax for the year in case of employee (PTRC) cannot exceed Rs. 2500/-.
Professional tax has been levied by the state governments of Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Chhattisgarh, Kerala, Orissa, Meghalaya, Tamil Nadu, Assam, Tripura, Madhya Pradesh, and West Bengal.
You can choose any of our packages based on your requirements.
A business consultant from MyEfilings will call and consult you about professional tax registration.
We will collect and verify the documents required for professional tax registration.
A business consultant from MyEfilings will apply for the professional tax registration of your business and submit the documents.
A professional tax registration number will be allotted within 7 to 9 days if all the documents are in order.
|Amount of PTRC liability||Due Date and Type of Return|
|First Year of Registration||Monthly returns before last day of month|
|Less than Rs. 50,000||On or before 31st March of the Year for which the return relates (Yearly return)|
|More than Rs. 50,000||On or before the last date of the month to which the return relates (Monthly return)|
In case the employer fails to file the return within the due date then the employer is liable to pay late fee of Rs. 1,000 before filing the return.