professional tax

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15 July 2011 How to get registration under Professional Tax

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 July 2011 I here with providing detailed information as to who has to enroll under Professional tax and those who have already enrolled which are the forms to be filed and maintained.

Registration under professional tax:

Who have to enroll for Professional tax?

• All persons viz self-employed professionals/ traders liable to pay tax under Karnataka tax on prefessions,trades callings and employments Act 1976 have to register within 30days of commencement of profession, trade or callings

• All employers who are paying salary of Rs.10000.00 and above per month for each employees have to enroll within 30 days from the commencement of the payment of salary liable to pay profession tax, deduct and pay tax in respect of such employees every month.

Following are the persons liable to pay Annual tax up to maximum of Rs.2500.00 PA on professions, trades, callings and employments:

1. Salary/wage earners whose salary is Rs.10000.00 and above PM

2. Legal practioners including solicitors and notaries public

3. Tehcnical / professional /Tax /plumbing consultants.

4. All agents’ surveyors or UTI agents whose income is not less than Rs.36000.00 PA

5. Chartered accountants and Actuaries.

6. Medical practioners, Dentists, Radiologists, pathologists and para medial professionals.

7. Engineers, RCC consultants, Architects and Management consultants.

8. Members of stock exchanges.

9. Estate agents or Brokers.

10. Race horse owners, trainers

11. Film directors/distributors

12. Dealers registered under KST act 1957.

13. Employers of establishments defined under Karnataka shops and establishment act.

14. Licenced liquor dealers

15. Owners of Residential hotels or lodgings houses

16. Owners of cinema theatres, touring talkies, video parlors, MSO’s Dish antennas

17. Owners of Transport vehicles.

18. Money lenders licensed under KML act.

19. Individuals / instinututions conducting chit funds.

20. Co-operative societies registered under KCS Act.

21 Banking companies defined in the Banking regulation act.

22. Companies registered under Companies Act 1956.

23. Partners of a firms engaged in any profession, trade or calling

24. Photo/film processing labs

25. Nursing homes, hospitals

26. Beauty parlors, drycleaners, interior decorators

27. All travel agents.

28. Journalists

29. Advertizing agencies

30. Xerox centers, STD/ISD booths

31. Video cassette libraries.

32. Owners of kalyan mantaps.

33. Cinematograph film processors.

34. Transport contractors forwarding / clearing agents.

35. Bankers who are financing the trade against hundies

36. Persons running weigh Bridges.

37. Persons operating couriers services.

38. Persons operating wireless/pager services.

39. Persons engaged in placement services.

40. Private radio broadcasters and operators.

41. Yoga and reiki training centers.

42. Astrologers, astropalmist, numerologist and faith healers

43. Brokers, commission Agents and the like for purchase and sale of used vehicles.

44. Agents, consultants of any business enterprises.

45. Persons other than above, who are engaged in any profession, trade, calling or employment and who are paying tax under Income Tax act. 1961.

Failure to enroll or register within due date attracts penalty.

All registered employers are informed to file Annual return in form 5 for the financial year 2009-10 on or before 30th May 2010.

FOR MORE INFORMATION:-

commercialtax.gujarat.gov.in/vatwebsite/.../ProfessionTaxEmployers.doc

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