Professional Tax registration is mandatory within 30 days from the date of recruitment of the employee in the company or, in the case of professionals, 30 days after the start of activity. An application for a registration certificate must be sent to the state tax authority within 30 days from the date of recruitment of personnel for its business activities.
1) Self-attested copies of PAN
2) Authentication from the partners (if applicable)Address proof of business which may include latest utility bills, ownership document or NOC from the owner of premises.
3) Financial statement of the business.
4) Salary details of employees.
5) Two Photographs of the Authorized Signatory.
6) Cancelled cheque of the current account of the business.
An individual carrying on any business or profession, trade or employment is required to pay professional tax in Maharashtra.
Professional tax must be paid by each individual. Sanctions are introduced in case of non-compliance.
Yes, business tax rates vary from state to state. Professional tax rates in Maharashtra will be different from those in Tamil Nadu. But the maximum amount that can be deducted as professional tax is Rs.2500 per year.
