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Professional taxes are levied and collected by the state government. The maximum amount of professional tax that can be paid is Rs.2500. However, the amount is determined by the professional’s gross revenue. The employer will deduct the tax if you obtain professional tax registration in Mumbai every month. This amount, which is withheld from employees’ salaries as professional tax, must be submitted with the appropriate state government. Professional Tax Registration Procedure in Mumbai – service provider, registration office.

Professional Tax Registration Procedure in Mumbai

Within 30 days after hiring the employees, the professional tax registration application must be submitted to the state tax department. If there are many places of business, each authority must submit a separate application for each place of business that falls under their jurisdiction.

If professional tax is not paid on time, a penalty of Rs.5 per day would be imposed. In addition, if payment is missed or is late, a penalty of 10% of the tax is levied, as well as a penalty of three hundred rupees.

SattvaCFO can help you secure professional tax registration in Mumbai; contact our professionals immediately.

FAQ

Is professional tax applicable in Mumbai?

Late payment accrues interest at a rate of one and a quarter percent per month on the outstanding balance.

How can I register for professional tax in Maharashtra?

Individuals who fall under the following categories are subject to professional tax in Mumbai:

• A single person
• Undivided Hindu Family (HUF)
• Whether incorporated or not, a company/firm/cooperative society/association of people.

What are the documents required for professional tax registration in Maharashtra?

If the exemption is sought on the basis of physical disability or the ward’s physical/mental handicap, the relevant medical certificate issued by a government hospital must be submitted.

Who is liable to register under profession tax in Maharashtra?

Employers can withhold professional taxes from employee salaries and pay them to the state government at defined rates. Individuals who are not salaried can pay it to the government through local officials or online.

Service Provider for Professional Tax Registration in Mumbai

Professional taxes are quite similar to income taxes, except they are collected by the state government. SattvaCFO can help you get a professional tax registration in Mumbai.