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Professional Tax Registration

The basic requirements for company registration are:

  • Restricted rights to transfer shares

  • At least two members

  • Limited liability

  • Not more than 200 members

  • Minimum of two directors

  • No minimum capital requirement

  • Should use the words private limited

  • Mentioning the above words in the memorandum is necessary

Professional Tax is a tax collected by State Governments from professionally occupied business entities. A person earning income from salary or professions such as Chartered Accountants, Company Secretaries, Lawyers, etc. is required to pay professional tax. For the purpose of this registration, the employers, professionals, traders, etc. come under the purview of registration.

This tax is deducted from the salary of the employer, which is later eligible for deduction from the computation of taxable income. The registration is obtained by the employers and business owners with the respect to Municipal Corporation. Being it State-based on registration, the rate of tax and method of registration is different. 

 

Further, there are two types of registrations being – PTEC and PTRC registrations.

Document Required

In the registration process of the company, the following documents:

  • ID proof (A self-attested copy of ID proof of Proprietor/ Partner/ Director)

  • Address Proof [Self-attested copy of address proof of Proprietor/ Partner/ Director. Shop and Establishment Certificate (if any)]

  • Photographs (3 copy of passport size photograph of the Proprietor/ Partner/ Director)

  • Incorporation Documents (MoA – AoA of Company, Partnership Deed/ LLP Agreement, etc. along with the registration certificate, if any)

Anita Mishra,

Co-Fonder and Director

"Co-Fonder and Director, STGA Consultants Anylyz.com is unarguably the best place for any tax-related matter that you might have. I used their service during the peak tax season and was amazingly surprised by the fast responses and turnaround time. Since then I have recommended the service to several friends and family members who have been nothing but delighted by the service."

Keshav Sharma,

Director, Dewans Coffee

“We used Anylyz.com to register our Pvt. Ltd. company over the last couple of months. It was not a straightforward process but they made it a smooth ride for us. Their executives were responsive and communicated everything in a timely manner. Highly recommended service for new businesses.”

Anand Aggarwal,

Director, HPT & Co. 

“There were tax demands emanating assessment tax case. As a growing company, you don’t need a gyan company to manage your finance/accounts/taxes, you need someone who knows HOW TO GET THINGS DONE. Anylyz.Com is a problem-SOLVING firm, best for any growing company.”

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