Professional Tax Returns
Professional Tax Returns – Classic Partners LLP
Classic Partner – Chartered Accountants for Professional Tax Compliance
What is Professional Tax Returns ?
Professional Tax (PT) is a state-level tax levied on individuals earning an income through profession, trade, employment, or calling. It is applicable to:
Salaried employees (deducted by employer)
Professionals such as doctors, lawyers, CAs, architects, consultants, etc.
Business owners, traders, and self-employed persons
Professional Tax is governed by the State Government laws and must be deposited to the respective State Commercial Tax Department. Employers must deduct PT from employee salaries and deposit the same on time along with Professional Tax Returns.
Who Needs to File Professional Tax Returns?
Employers – Required to register, deduct PT from salaries, deposit it, and file returns.
Professionals & Self-Employed Individuals – Required to obtain PT enrollment and pay PT directly.
Business Entities – Companies, LLPs, Firms, and Proprietors employing staff must file returns.
Documents & Details Required
Professional Tax Registration Certificate (PTRC) for employers
Professional Tax Enrollment Certificate (PTEC) for professionals/self-employed
Salary details of employees (for employers)
Proof of PT payments made
Challans and previous returns filed
Business registration documents (PAN, COI, Partnership Deed, etc.)
Process of Professional Tax Return Filing
Obtain PT Registration – Employer/Professional must first register with State PT authorities.
Deduct & Pay Tax – Employers deduct PT from employees and pay along with their own PT dues.
Prepare Return – Compile salary records, challans, and payments for the filing period.
File Return Online/Offline – As per respective State regulations.
Submit Acknowledgement – Maintain proper filing proof for compliance and assessments.
Due Dates
Monthly or Quarterly Returns – Depending on employee strength and state rules.
Annual Return – In certain states (e.g., Maharashtra requires annual PT return for some categories).
Payment Due Date – Generally the last day of the month following deduction.
Penalties for Non-Compliance
Late filing fees – Ranges between ₹5 to ₹50 per day depending on the state.
Interest on delayed payment – 1.25% to 1.5% per month.
Penalty for non-registration – Can be up to ₹1,000 – ₹5,000.
Prosecution – In extreme cases of willful default.
Why Choose Classic Partner?
Assistance with PT registration (PTEC & PTRC).
Timely preparation and filing of PT returns.
Compliance with state-specific PT laws (Maharashtra, Karnataka, West Bengal, etc.).
Representation in case of PT notices and assessments.
End-to-end support from calculation to challan deposit.
Ensure Timely Professional Tax Compliance with Classic Partner
Whether you are an employer, professional, or self-employed individual, our team of Chartered Accountants ensures smooth Professional Tax Return filing and compliance with all state laws.
