Documents Required for PTEC / PTRC
To obtain a Professional Tax Enrollment Certificate (PTEC) or Professional Tax Registration Certificate (PTRC), the following documents are typically required:
It’s important to note that the specific requirements may vary based on the state or jurisdiction where you are applying for PTEC/PTRC. It is advisable to check with the local tax authorities or consult a professional for any additional documents or specific requirements.
₹2,000.00
PTEC/PTRC-
What Is PTEC/PTRC ?
PTEC stands for Professional Tax Enrolment Certificate and PTRC stands for Professional Tax Registration Certificate. Usually these Registrations are required to conduct business in Maharashtra and in many other States. PTEC allows to pay professional tax of a business entity and also of the professional or owner of the business. In other words PTEC allows the company to pay the companies and their director’s professional tax, also in case of individual like professionals and sole proprietor (provided he does not have any employees) all have to register under PTEC.
On the other hand PTRC allows the employer to deduct and deposit professional tax from the salary of its employees and deposit it to government. Both PTEC and PTRC are required by a regular company to pay its own professional tax, as well as the professional tax for all its employees as is applicable. But, in case the Company and LLP does not have any employee then it will only require to pay PTEC and not PTRC and pay for Directors and Partners.
Who Is Responsible for Paying Professional Taxes?
Employers are accountable for computing, collecting, and paying professional tax to the appropriate State Government on behalf of their staff. They must do so in conformity with the legal requirements of the relevant State, including any financial requirements.
A person engaging in a trade or profession, such as an employer, corporation, partnership business, limited company, etc., is also obligated to pay professional tax on that trade or profession in line with the financial barrier (if any) specified by the relevant State’s regulations.
PTEC/PTRC
PTEC stands for Professional Tax Enrollment Certificate and PTRC is Professional Tax Registration Certificate. PTEC permits to pay the professional tax of the business entity (Private Ltd, Public Ltd, OPC, etc) and also of the owner or professional (sole proprietor, partner, director, etc).
PTEC and PTRC is like Income tax but is collected by the State Government. It is a tax on all kinds of professions, trades and employment and levied based on the income of such profession, trade and employment. It is levied on employees, a person carrying on business including freelancers, professionals etc.
Online PTEC/PTRC Services.
