[hfe_template id=’7421′]
PT Registration & Process in Thane, Mumbai
What is professional tax Maharashtra?
The name implies, professional tax is a tax, that is charge by the state on business, trade, calling or employment income. This tax is based on slab rates based on an individual’s income. This is similar to the income tax, with the only difference being that the income tax is collected by the central government while the professional tax is collected by the state government. The maximum tax is to be charged Rs.2500.
Documents are required For PT Registration
• PAN card
• Aadhar card copy
• Canceled cheque
• Passport size photo
• Electricity bill of a Registration office/place of business in case of the rented property then rent agreement
• Photo signature
• Details of business
• Number of employees at the workplace
• Commencement Of business date
• Email ID & phone number
These documents are required for PT Registration, For further guidance, Bashmakh & Co is there to assist you.
FAQs
what is the rate of PF contribution
The rate for PF contribution is 12% by the employee and 12% by the employer.
is the Interest on PF taxable
The interest on PF is tax free only after five years if you keep your EPF investment intact till retirement what you get on retirement is completely exempt from tax but interest earned on EPF after employment is taxable.
Will PF registration help in collection of pensions?
Out of 12% the 8.33% of employers contribution is diverted to the EPS or pension scheme and remaining 3.67% is invested in EPF.
What’s App
Contact Now
Contact us now!
Contact (+91) 8779526602 for advice
Contact (+91) 8779526602 for advice
Contact Now
What’s App
Contact Now
[hfe_template id=’447′]