PT Returns And Compliances
Introduction
Responsibility of Deduction The owner of a business is responsible to deduct professional tax from the salaries of his employees and pay the amount so collected to the appropriate government department. He/she has to furnish a return to the tax department in the prescribed form within the specified time limit..
Professional tax is just like Income Tax except for the fact that Income Tax is collected by the Central Government and Professional Tax is collected by the State Government. When this tax was first introduced in India, the maximum limit on the tax to be collected was Rs. 250
.
Professional Tax Registration Documents for Companies/LLP/Partnership
- PAN Card. PAN Card of Company must be attested by the Director of the Company. ...
- Certificate of Incorporation. ...
- Bank Account. ...
- Lists. ...
- Address Proof. ...
- Identity Proof. ...
- Other Personal Documents. ...
- Consent.