Let the experts of vakilassistlegal offer you the needful aid on the P-Tax Registration & Filing process. P-Tax or Professional Tax is being imposed by all the State Govt. on every paid individual. The P-Tax is inflicted based on the profession, trade, or employment of the individual taxpayer.
Company/Firms/LLP: Company, firms, LLP, Corporation, societies, HUF, Associations, clubs are taxable entity.
Professionals(Individuals): Legal Practitioners like solicitors, Notaries, medical representatives, medical consultants, doctors and other professionals like management consultants, tax consultants, surveyors, CS, CA, Insurance agents, engineers, architects and contractors are all considered as professional individuals who need to pay professional tax.
There are two types Professional tax certificates:
PTEC (Professional Tax Enrollment Certificate): This is paid by the business entity, owner or a professional i.e. Private/Public Limited Company, Sole Proprietor, Director Etc.
PTRC: Government or Non-Government employer deducts the tax from the employee’s wages and deposits the same to the government.
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