What is Profession tax ?
Profession tax is a special kind of tax that the State Government asks people to pay if they have jobs. This includes people who work for the government or private companies, as well as those who have their own businesses, like doctors, lawyers, engineers, and artists. The amount of profession tax you pay depends on how much money you earn, and each state has its own rules about this. If you pay profession tax during the year, you can subtract that amount when figuring out your income tax. For people who have jobs, their bosses take out the profession tax from their paychecks and send it to the State Government. People need to pay their taxes to the government or to special groups that help collect them. The money has to be paid on time, just like the state government says. If someone forgets or is late, they might have to pay extra money as a fine.
Exemptions in Professional Tax
- The state government levies a direct tax known as the professional tax. Consequently, the mode of payment may vary from one state to the next.
- A member of the military (following the rules of the Army, Air Force, and Navy)
- A person who has a mental or physical challenge, like being unable to see or hear.
- A parent whose child has a challenge.
- There are charity hospitals in areas that are smaller than a taluk.
- Temporary workers in a factory are called badli workers.
- People who run schools that teach up to 12th grade or pre-university classes.
- A person from another country who works for the local government.
- Anyone who is older than 65 years.
- Women who work as agents in the Government’s Mahila Pradhan Kshetriya Bachat Yojana.
Why Choose Us for Professional Tax Services?
Viriksha HR Solution is one of the best providers of professional tax services in Chennai. They offer a broad range of business and individual solutions, which are tailored to meet the specific needs of the client. Here is why you should consider working with us:
1. Experienced & Professional Team
Viriksha HR Solution is a professional with a lot of experience in professional tax services. This is the reason why they provide top-notch services.
2. Full Tax & Compliance Knowledge
We do precisely what is needed, on time, and in full accordance with the local and state tax laws. We strive to reduce the possibility of making mistakes and the occurrence of fraud.
3. Timely & Responsive Service
Some clients have mentioned that they have received a prompt response from the Viriksha team and were pleased that they could schedule an appointment at a time that was convenient for their business.
4. Trusted by Businesses
Being well-established in Chennai and known for being dependable, Viriksha HR Solution is a reliable source of professional tax and HR solutions for companies that want to work with a trustworthy partner.
For business professionals looking for the most trustworthy tax services, Viriksha HR Solution is committed to providing the necessary solutions that are both compliant and efficient.
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