- Odhav, Ahmedabad.
- info@mcare.co.in , camoneycare@gmail.com
- +91 8866864137, 9376977281, Office No -7227884421
- Odhav, Ahmedabad.
- info@mcare.co.in , camoneycare@gmail.com
- +91 8866864137, 9376977281, Office No -7227884421
First, it is compulsory
Second, Professional Tax deduction is exempt from income tax. This means that the amount can be shown as a deduction from your salary income in your income tax returns.
All types of companies come under the purview of Professional Tax, from Private Limited companies to one-person companies, partners of Limited Liability Partnerships to partnership firms, and even sole proprietors. It is advisable for all such entities to apply for Profession Tax registration immediately upon incorporation.
Incidentally, some states also provide tax rebates if Professional Tax is paid in a lump sum for a few years together. This also makes it important for you to be aware of this condition and other rules surrounding professional tax registration in your state.
We are a Consultancy firm based in Ahmedabad, Gujarat, India providing outsourcing services in the field of Finance & Accounting along with All Types of Loans, ROC Work, Accounting Work, GST Work, Income Tax Work, Mutual Fund Advisory And Equity Market Advisory Service to a variety of clients across the globe.