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Individuals drawing a regular income from salary, profession or engaged in trade or business has to pay professional tax. The state government sets a tax slab rate based on which professional tax is calculated. In this article, we will look into the procedure for enrolment for Tripura professional tax.
Tripura professional tax is a tax levied on the persons salaried or engaged in profession or trade. The maximum amount of Rs. 2500 can be levied as professional tax by the concerned authority in the state of Tripura.
The professional tax is levied based on the tax slab rates by the state government.
The employer deducts professional taxes[1] from the employee’s salary, and the money deducted must be deposited to the respective government account within 30 days of deduction along with proof.
A person who is liable to pay professional tax must be registered within 90 days from the engagement in any trade, profession, employment and calling.
The following people are exempted from paying professional tax:
The tax slab rate for professional tax are:
Monthly Gross Income from
Amount
Applies to
Less than Rs. 7500
Rs. 150 per month
Applies to all the employees
Ranges between Rs. 7501 to Rs. 15,000
More than Rs. 15,000
Rs. 208 per month
N / A
Rs 2500 p.a
Applies to all the directors
Applies to the employer or establishment registered under the Tripura shops & establishments act, 1975 (other than directors)
The documents that are required to register for professional tax are in the tabular form below.
S. No.
Documents required
1
MoA & AoA
2
Incorporation certificate
3
PAN card
4
Lease agreement
5
Shops & Establishment Registration Certificate or Trade License Copy
To register for a professional tax, there are 2 forms:
The steps to be followed for enrolment in professional tax are:
Due Date
The due date to pay professional tax is the last day of the month depicting the salaries paid by the employer in the preceding month of the payment or deduction.
Penalty
The penalty to be imposed in case of:
The amount of Tripura professional tax is calculated based on the tax slab rate set by the respective state government. The procedure for enrollment and payment of professional tax in the state of Tripura is mentioned in the article.
Read our article:All you need to know about Telangana Professional Tax Registration
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