{"id":1772,"date":"2023-05-25T03:20:10","date_gmt":"2023-05-25T03:20:10","guid":{"rendered":"https:\/\/dev.taxadwise.com\/?p=1772"},"modified":"2023-05-31T06:55:36","modified_gmt":"2023-05-31T06:55:36","slug":"professional-tax-pt","status":"publish","type":"post","link":"https:\/\/dev.taxadwise.com\/professional-tax-pt\/","title":{"rendered":"Professional Tax (PT)"},"content":{"rendered":"\n<p>Professional tax is a direct tax levied on persons earning an income by practicing a profession, employment, calling, or trade. Unlike income tax imposed by the Central Government, professional tax is levied by the government of a state or union territory in India. The tax calculation and amount collected may vary from one State to another, but it has a maximum limit of Rs. 2500\/- per year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Incorporation Process<\/h2>\n\n\n\n<p>The incorporation process for professional tax involves the following steps:<\/p>\n\n\n\n<p>Determine the professional tax applicability based on your profession, trade, or employment.<\/p>\n\n\n\n<p>Register for professional tax with the state government or union territory where your business is located.<\/p>\n\n\n\n<p>Obtain a professional tax registration certificate.<\/p>\n\n\n\n<p>Deduct the professional tax from the salary\/wages of salaried and wage earners and deposit the same to the state government.<\/p>\n\n\n\n<p>Pay the professional tax liability if you are not a salaried or wage earner.<\/p>\n\n\n\n<p>Documentation and Other Considerations<\/p>\n\n\n\n<p>Professional tax is applicable to individuals, Hindu Undivided Family (HUF), companies, firms, co-operative societies, associations of persons, or a body of individuals, whether incorporated or not.<\/p>\n\n\n\n<p>Professionals earning an income from salary or other practices such as lawyers, teachers, doctors, chartered accountants, etc. are required to pay professional tax.<\/p>\n\n\n\n<p>In the case of salaried and wage earners, the professional tax is liable to be deducted by the employer from the salary\/wages, and the same is to be deposited to the state government.<\/p>\n\n\n\n<p>In the case of other classes of individuals, this tax is liable to be paid by the employee himself.<\/p>\n\n\n\n<p>The tax calculation and amount collected may vary from one State to another, but it has a maximum limit of Rs. 2500\/- per year.<\/p>\n\n\n\n<p>In conclusion,<\/p>\n\n\n\n<p>&nbsp;professional tax is a direct tax levied on persons earning an income by practicing a profession, employment, calling, or trade. The incorporation process involves determining professional tax applicability, registering for professional tax, obtaining a professional tax registration certificate, deducting the professional tax from the salary\/wages of salaried and wage earners, and paying the professional tax liability if you are not a salaried or wage earner.<\/p>\n\n\n\n<p>&nbsp;Professional tax is applicable to individuals, Hindu Undivided Family (HUF), companies, firms, co-operative societies, associations of persons, or a body of individuals, whether incorporated or not<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Documents Required<\/h2>\n\n\n\n<ul>\n<li>Incorporation Certificate<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Pricing: Rs3000\/-<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Professional tax is a direct tax levied on persons earning an income by practicing a profession, employment, calling, or trade. Unlike income tax imposed by the Central Government, professional tax is levied by the government of a state or union territory in India. The tax calculation and amount collected may vary from one State to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[18],"tags":[],"_links":{"self":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1772"}],"collection":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/comments?post=1772"}],"version-history":[{"count":2,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1772\/revisions"}],"predecessor-version":[{"id":2014,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1772\/revisions\/2014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/media\/2149"}],"wp:attachment":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/media?parent=1772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/categories?post=1772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/tags?post=1772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}