Professional Tax Registration in Chennai

A professional tax can be described as a type of tax that is imposed by the state government on all salaried people. Taxes on professional tax apply to all professionals working including a lawyer, accountants with chartered status, and physicians. The tax is according to the person's position in the field, profession, or trade. Tax rates differ in states, but the maximum amount that is charged in professional tax amounts is Rs2,500 annually.

Eligibility for Professional Tax:

Professional taxation is applicable for all professions and trades in India. It is payable in full by each employee in any private business that is operating in India. Tax registration for professionals is the responsibility of each business owner, who is required to assume the responsibility of deducting professional taxes and the payment of the same. Self-employed taxation for professionals who earn an income that is regular and monthly must pay taxes for professional work. The term "professional means people who work in specialization areas like media, accountancy, etc.

Documents Required Professional Tax Registration:

• Certificate of incorporation which includes MOA as well as AOA/LLP agreement
• PAN card of the company/LLP is verified by the director of the company
• Office location proof with a NOC from the owner of the building
• A proof of the company's bank account together with the bank statement and canceled cheque
• Photograph of passport size with address and identity proof from all directors.
• Board resolution/statement of consent signed by the partners
• Certificate of establishment and shop
• Attendance register and salary register.

The online registration process for Professional Tax:

i. PAN card, address, and identity proof of all the directors/partners/proprietors of the company must be provided

ii. All employee details should also be supplied

iii. The form for application for professional tax needs to be filled out by employees

iv. Our experts will present it to the authorities concerned.

v. The acknowledgment of receipt will be sent by us within 5 to 7 working days.

vi. The hard copy of the registration will be available in the next 10 working days in all major cities.

vii. In other areas it can take anywhere between 15 and twenty working days.

Why Genuine Tax for Professional Tax Registration?

Genuine Tax will be there to help you anytime you require it. Here are a few ways in which we can assist you with tax preparation online for professionals. registration:

• The application must be prepared
  It's a daunting process to complete the application since the formalities and terms may be difficult to grasp. Our tax experts are trained to make an accurate assessment of your company and then prepare a form to file a tax return with the authorities of the state.
• Complete the application form
  Our specialists will then complete and complete the form to the department responsible in the town or city.
• Registration procedure
  The completed application will be examined in depth by the relevant states government(s). If the application is found to be valid then your tax registration for professional taxpayers is completed.