APPLY YOUR P-TAX REGISTRAION AT KRISHNANAGAR

Krishnanagar municipality was established in 1864 and is one among the oldest municipalities. it's claimed to be named once Krishna Chandra Ray (1728–1782). Previously, the town (village) was known as ‘Reui’. The Rajbari designed here during the reign of Zaminder Krishna Chandra Roy is a prominent tourist attraction, although the remnants of the past glory are worn and only a dilapidated structure of the exquisite places with carving on its inner walls stay today.

 

Krishnanagar is found at 23.4°N 88.5°E. the area of the municipality is around sixteen km2. it's located on the southern banks of the Jalangi river. it's an average elevation of fourteen metres (46 ft). The Tropic of Cancer passes through the outskirts of Krishnanagar. The latitude of the Tropic of Cancer is 23° 26′ 5″ N.

 

 

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Professional Tax

Professional Tax Professional Tax is like Income tax but is collected by the State Government. But unlike its name suggests it is not just levied only on professionals. It is a tax on all kinds of professions, trades and employment and levied based on the income of such profession, trade and employment. It is levied on employees, a person carrying on business including freelancers, professionals etc. subject to income exceeding the monetary threshold if any. State government empowered to make laws with respect to professional tax though being tax on income under Article 276 of the constitution of India which deals with tax on professions, trades, callings and employment. Professional tax is a deductible amount for the purpose of Income-tax Act, 1961 and can be deducted from taxable income. Professional tax is collected by the Commercial Tax Department. The commercial tax department of the respective states collects it which ultimately reaches the fund of Municipality Corporation.

 

Who are responsible to pay professional tax?

In case of employees, an employer is a person responsible to deduct and pay professional tax to the State Government subject to the monetary threshold if any provided by respective state’s legislation, employer (corporate, partnership firms, sole proprietorship etc) also being a person carrying on trade/profession is also required to pay professional tax on his/her trade/ profession again subject to the monetary threshold if any provided by respective State’s legislation.

 

Who are exempted from paying Professional Tax?

Foreign employees are exempt from paying profession tax. Indians employed by the Foreign office and consultant are excluded from taking the certificate of registration .

 

What is Professional Tax Certificate?

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: (Professional Tax Registration Certificate): Government or Non- Government employer deducts the tax from the employee’s wages and deposit the same to the government.

Professional tax is applicable once the person begins his profession or business within 30 days of starting the profession. In case the company has its presence in different places, then it is required to take registration for each such place.

 

What is the Applicability of Profession Tax?

Company/Firms/LLP: Company, firms, LLP, Corporation, societies, HUF, Associations, clubs are taxable entity.

Professionals(Individuals): Legal Practitioners like solicitors, Notaries, medical representatives like dentist, 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.

 

What are the Documents required for professional tax Registration?

Acknowledgement of the online form, along with the print out of the digital form submitted.

Copy of PAN Card.

Residence proof of Partner, Director, Proprietor.

Proof of Constitution of business like Certificate of Incorporation.

Address proof of Business place. Blank Cancelled Cheque.

Establishment Certificate.

PAN& PTEC details.

 

Who is responsible for deducting professional Tax?

An employer is responsible for deducting the professional tax from the salaries of his/her employees and deposit the collected amount in the appropriate government department, also to file a return to the department in a prescribed form with proof of tax payment within certain period of time. Employer (Corporate, solo Proprietorship, Private Limited) is also liable to pay the tax on his trade or business. And other class of individuals, the tax can be paid directly to the government or through the authorized local body.

 

Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information.

 

IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.
 

 

 

 

 

 

 

 

 

 

 

 

 

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