Compliances under Professional Tax (Statewise)
At SGCMS, we understand the complexities and nuances of tax regulations that businesses and individuals face today. Our dedicated team of experts is here to provide you with top-notch Professional Tax Compliances services that ensure you remain compliant with the ever-evolving tax landscape. With years of experience and a deep understanding of tax codes, we are committed to helping you navigate the intricacies of tax regulations while maximizing your tax efficiency.
Professional Tax Act
The professional tax is the amount of tax collected by the State Government of India. Any individual who is working and earning income from salary, business or any kind of profession is liable to pay "Tax". Different states in the country have different rules in the collection of the amount as per the (State) Professional Tax Act.
Professional Tax Slab
The Professional Tax is similar to income tax, however, the income tax is collected by the Central Government whereas, Professional Tax is collected by the State Government. At the beginning, when this law was first introduced, Rs. 250/- was the maximum amount to be collected in 1949,, but the slab was soon increased to Rs. 2,500/- by the year 1988.
Since the last few years, the State Government is pursuing the Central Government to increase the maximum limit of the professional tax slab but, it is yet to be implemented. The amount of deduction as per the Tax Act Professional differs in the different states of India.
For statewise slab, click here: https://www.sgcms.com/regulatory-updates/professional-tax-abrief-snapshot/
Why Choose Us
Compliance management is a critical aspect of business operations, and SGC Management Services Pvt. Ltd. stands out as a leader in ensuring that companies remain fully compliant with statutory and regulatory requirements. Here's why we are the preferred partner for businesses across industries:
Comprehensive Statutory Compliance Services
Timely preparation and filing of statutory returns, maintenance of compliance-related registers and records, liaisoning with government authorities.
Pan-India Compliance Expertise
We address state-specific labor laws and regulations, ensuring uniform compliance management across PAN India.
Custom Solutions for Every Business
Each business has tailored solutions based on its size, industry, and geographic presence.
Decades of Expertise in Compliance Management
With over 45 years of experience, we possess in-depth knowledge of statutory regulations and labor laws, including PF, ESI, gratuity, minimum wage compliance, and taxation laws.
Highly Skilled Team of Compliance Experts
Our team of compliance are experts in liaising with regulatory bodies ensures smooth resolution of compliance-related issues, audits, or disputes.
Advanced Platform for Compliance Tracking
Our in-house software, PionHR, streamlines compliance tracking and management through alerts and reminders, digital record-keeping and compliance reports.
Risk Mitigation and Audit Support
We also offer robust audit support, ensuring that all statutory records are audit-ready and meet regulatory standards.
Timely Delivery and Accuracy
Our systems and processes are designed to ensure timely submissions and 100% accuracy, providing peace of mind to our clients.
Trusted by Leading Organizations
Our long-standing relationships with leading businesses across industries are a testament to our commitment and reliability.
Compliances under the following regulations will be
upheld:
- Maintenance of the records as per the (State) Professional Tax
Act.
- Complete formality to register the business under the applicable
Professional Tax Act along with obtaining a license.
- As per the slab provided by the respective Professional Tax Act,
we complete the formality of deduction of monthly/quarterly/ half yearly and annual
professional tax.
- Depositing the professional tax return along with challan as per
the given format.
- Consistently update and inform the employer about amendments or
changes to the Act.
Why SGC Management Services Pvt. Ltd.
Experience :
We are operating in the
field for over 38 years. Thus, with an experience of over 3 decades, we deliver the
best services to our clients.
Expert Staff :
Our team consists of
over 45 experienced and professional staff. They are dedicated towards their field
of expertise to provide the best solution.
Customer Service :
We have a
dedicated 24/7*365 days server for employee self-service (ESS) Portal.
Delivery :
We are completely
professional with our jobs and responsibility. Thus, we know the importance of time.
With the assistance of our expert staff members and advanced infrastructure, we
always provide our services in due time.
Contact us today to explore how SGCMS can transform your employees’ experience. Your success is our commitment.
FAQs
Professional Tax Compliances Related
Tax planning helps you strategically manage your finances to legally minimize tax liabilities. It ensures you retain more of your hard-earned money while complying with tax laws.
Our experts specialize in business tax regulations. We offer services like accurate tax filing, compliance reviews, and representation during audits to keep your business tax-compliant.
Missing tax deadlines can lead to penalties and interest charges. SGCMS ensures your taxes are filed on time to avoid such consequences.
Absolutely. We prioritize client confidentiality and have stringent security measures in place to safeguard your information.
