PT Registration
Profession Tax is levied by the state governments on the employees, employers, traders and working professionals (CA, CS, lawyers, doctors, etc). It is applicable to all forms of business entities. Employers need to register themselves as well as their employees under this Act. The burden of registration and payment of tax is on the employer. Being a state tax, the tax rate, registration process, due dates, penalty and late fees are different in different states.
Every business owner or professional service provider should obtain a PT registration for their business. The tax is calculated based on gross income slabs. Maximum amount payable under profession tax is Rs 2,500 for employer and Rs 2,500 for each individual employee. If an entity has employees working across various states, then the entity needs to obtain profession tax registrations in all the states. Profession tax is applicable irrespective of the number of employees and turnover from business or profession.