Professional Tax Return Filing
Professional tax return filing ensures accurate, timely submission of your income tax returns by certified experts. Maximize deductions, minimize errors, and stay compliant with the latest tax laws. Ideal for individuals, freelancers, and businesses seeking hassle-free tax solutions.
Professional Tax Return Filing with Easy My Tax
Professional Tax Return Filing is a legal requirement for individuals and businesses who are liable to pay Professional Tax. This tax is imposed by state governments on professionals, salaried employees, and those engaged in trades or businesses. Easy My Tax offers reliable and efficient PT return filing services, ensuring complete compliance with state regulations.
What is Professional Tax?
Professional Tax is a state-level tax applicable to salaried individuals, professionals, freelancers, and business owners. Unlike Income Tax, which is imposed by the central government, Professional Tax is collected by the respective state governments. The maximum amount payable annually is Rs. 2,500.
What is a Professional Tax Return?
A Professional Tax Return is a statement filed with the state government, showing details of tax paid during the financial year. Filing this return is mandatory for those registered under Professional Tax.
Who Should File a Professional Tax Return?
- Employers: Responsible for deducting and depositing PT on behalf of their employees. They must also file the return.
- Self-Employed Individuals: Required to calculate, pay, and file PT returns themselves.
- Registered Businesses: Must file PT returns regularly as per state rules.
States Where Professional Tax is Applicable
Professional Tax is applicable in several Indian states, including:
Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, West Bengal
Professional Tax Slab Rates
Slab rates differ from state to state. A general classification includes:
- Monthly Income below Rs. 15,000 – Nil or nominal
- Monthly Income Rs. 15,001 to Rs. 25,000 – Moderate rate
- Monthly Income above Rs. 25,000 – Max rate (up to Rs. 200 per month)
Due Dates for Filing PT Returns
Return due dates vary by state. Most states require monthly, quarterly, or annual returns. It’s essential to file within the due date to avoid penalties.
Exemptions from Professional Tax and Return Filing
The following individuals are usually exempt:
- Persons earning below the minimum PT slab
- Senior citizens (above 65 years)
- Persons with permanent disabilities
- Parents or guardians of disabled children
- Members of the armed forces
- Badli workers in textile industry
- Women agents under certain savings schemes
Penalties for Late Filing or Non-Compliance
Delays or non-compliance can attract serious penalties. For example, in Maharashtra:
- Rs. 5/day for failure to register
- Rs. 1,000 for late filing
- 1.25% monthly interest on delayed payments
- 10% penalty on unpaid tax
Documents Required for PT Return Filing
Common documents needed:
- PAN and Aadhaar
- Address proof (Passport, Voter ID)
- Bank details
- Salary or income details
- Tax payment challans
- Professional Tax registration certificate
- Shop & Establishment license (if applicable)
Step-by-Step Process with Easy My Tax
- Professional Tax Registration (if not already done)
- Identify applicable slab and state rules
- Collect all required documents
- Prepare PT return as per format
- Submit the return with payment proof
- Get acknowledgment of return filing
Benefits of Filing PT Return with Easy My Tax
- Avoids penalties and legal actions
- Ensures compliance with state tax laws
- Improves financial and credit profile
- Access to social benefits like pensions and government schemes
- Hassle-free and professional filing experience
- Transparent pricing and timely service
Why Choose Easy My Tax?
Easy My Tax provides expert-led, end-to-end services for Professional Tax Return Filing. From registration to return submission, we manage everything so you can focus on your business. Our services are fast, affordable, and compliant with state-specific laws.
