Documents Required
- PAN Card
- Address Proof
- Employee Details
- Registration Certificate of Business (for companies)
Professional tax is a state-level tax imposed by the government on income earned through professions, trades, callings, and employments. It is applicable to salaried individuals as well as professionals like lawyers, doctors, chartered accountants, and freelancers. The tax is levied by various state governments in India under their respective laws and regulations, with rates and slabs varying from state to state.
In states where professional tax is applicable, employers are responsible for deducting the tax from the salaries of their employees and remitting it to the state government. Self-employed individuals need to pay the tax directly by registering with the appropriate authority.
The revenue generated from professional tax is used for implementing schemes aimed at the welfare and development of the region. Despite being a state tax, it is mandatory under the Constitution of India, which allows the state governments to make laws for the levying and collection of such taxes. Professional tax is typically paid monthly or annually, depending on the regulations of the specific state.
Why Register for Professional Tax in Coimbatore?
Professional tax registration in Coimbatore is mandatory for businesses and individuals engaged in any profession, trade, or employment within Coimbatore. This includes salaried employees, freelancers, business owners, and professional practitioners. Non-compliance can lead to legal repercussions and monetary fines.
Professional tax registration in Coimbatore can be obtained online through Solubilis. Our experts assist in the process effectively.
There is no minimum number of employees needed for the requirement to pay professional tax. Employers must deduct professional tax from all their employees, as every individual with an income is liable to pay this tax.
Contact Solubilis. Submit the required documents for PT registration in Coimbatore and fees. When such documents are approved, the registration process gets completed.
In Tamil Nadu, the Commercial Tax Department is responsible for collecting professional tax. Individuals involved in any trade, profession, job, or calling within the Greater Chennai municipal area are required to pay professional tax biannually. This requirement is mandated by the Tamil Nadu Municipal Laws (Second Amendment) Act, 1998. After, registration, it is possible to obtain professional tax returns filing in Coimbatore as well.
The following individuals are exempt from paying professional tax in Tamil Nadu: individuals over 65 years old, guardians or parents of children with mental disabilities, and women agents exclusively working under the female agents working exclusively under the Director of Small Savings or the Mahila Pradhan Kshetriya Bachat Yojana program.
In Tamil Nadu, the maximum professional tax limit is ₹2,500 per year. This is the upper capital set by the state government, and it is typically collected in two installments every six months. The exact amount of professional tax payable may vary based on the individual's income or the nature of their profession, but it cannot exceed this annual limit.
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