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Professional tax in jharkhand

KUNDAN KUMAR (Tax consultancy) (247 Points)

29 August 2018

WHETHER it is mandatory for a small trader to take profesional tax registration in jharkhand ? if yes, in how many days i should apply for such registration ?

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Vinod Babu (24191 Points)
Replied 29 August 2018

Professional Tax is deducted by the employers from the salary of the salaried employees and same is deposited with the State Government. For other individuals, they have to directly pay it to the Government or through the Local Bodies appointed to do so. The tax has to be collected and deposited as per the timeline provided by the respective State Government. In case, one fails to do so, penalty and late fee would be applicable.
The Tax may be paid to the Government on Monthly, Semi Annually or Annually basis depending on nature of business and the respective State Laws. Professional Tax Return needs to be filed at the end of the Financial Year.
For the Financial Year 2018-19, few states have made minor alteration which has been updated in the site. Also few more States have been added to the list. In case of any clarification, please get in touch with the Commercial Tax Department of the respective State.