Professional Tax (“PT”) Compliances are the compliances laid down by many states as being applicable on Companies making payment to its employees working in PT applicable states. Easily manage Professional Tax Compliance for your Startup using Startupfino Services.
- Login Credentials of PT Portal
- KYC proofs of employees
- Monthly payroll summary
- Digital Signature of Authorized signatory
- PTChallan of last three months (If any)
Visit the State Professional Tax Portal and login using credentials.
Prepare the calculation of monthly Professional Tax amount.
Do make the payment of PT amount on or before prescribed due date.
File the monthly or quarterly return after making the payments.
Companies or Employers having employees in the applicable states are responsible to get them registered under Professional Tax laws and do PT return filings.
Companies needs to deduct the contribution of Professional Tax from the salaries of its employees and deposit the same on or before the prescribed due date.
Senior Citizens,or an individual suffering from permanent physical disability including blindness, mentally unstable individuals, etc. are exempted from Professional Tax Deductions.
Non-payment of Professional Tax attracts a penalty of 10% on the amount of tax to be paid.
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