If you ever have a look at your monthly payslips you will notice that there is a small deduction mentioned along with all the HRA, conveyance, and basic salary break-ups. This deduction is generally amounted to Rs. 200 and is called the professional tax. This tax is generally different for each state and in a certain place you may notice that there is no deduction made under this heading. Levied under Article 276 (2) of the Indian Constitution, Professional Tax is a state tax imposed by the State Government on persons who are earning an income by either practicing a profession, employment, or trade. As this is a state-based tax, the rate of professional tax varies from one state to another. While some states might charge it as a percentage value, others tend to charge it as a fixed amount based on diverse income slabs. As already mentioned, Professional Tax is a state-based tax, and therefore it is rather a difficult task to maintain the different tax slabs for all the states in India. Karma Management Global Consulting Solutions Pvt Ltd., the global giant consultant firm of governance and convenience offers the proper maintenance of all state-based professional taxes and issue the ones best suited for respective individuals. Our range of services in Professional Tax includes:
Accurate and perfect job delivery are the two things that every client expects from the consultants they are partnering with. With 20 years of experience in the field of payroll compliance, governance, and HR services, we have successfully gained our clients’ trust by offering them bespoke solutions, something which they have never imagined. A similar approach applies to our deliverables for filing the professional tax. The slab of charges and the periodicity of the remittances and returns of Professional Taxes differ from state to state. It is essential to meticulously manage these extensive Professional Taxes and it is inevitable that this tedious process cannot be done manually, because if done so it is guaranteed to be full of errors. With our tech-enabled system and using our powerhouse software tool, WE CHECKED, we provide a full-proof solution to our clients where their PTs are deducted accordingly, thus adhering to the labour laws.
WE PROCESS is a thorough, accurate, easy-to-use software application that capably maintains all the different slabs of the Professional Taxes and caters to both small and midmarket clients. Where it really shines is in its user-friendly interface and customizable reporting. This cloud-based solution enables businesses to file their professional taxes better and faster.
Challenge- An organization was having Head office at Mumbai location and employees at different States. The client was having a single PT code for PT contribution of all the employees under the Head office state.
Solution- We as a compliance consultant, suggested the client to contribute the LWF of employees in the respective states.