Professional / LWF RETURN FILING
Professional Tax and Labour Welfare Fund Services
Make Professional Tax and MLWF compliance hassle-free with our return filing services
Starting from just ₹3,000/-
Efficiently Manage Your Tax and Welfare Obligations
At FAST Solutions, we offer comprehensive services for Professional Tax and Labour Welfare Fund compliance, ensuring that your financial responsibilities are met promptly and accurately.
Professional Tax Filing Service
Professional Tax, a state-specific levy imposed on professionals and salaried individuals, is crucial for maintaining compliance. Our professional tax filing service offers:
1. Hassle-Free Filing:
Say goodbye to delays and complications. With our service, you can ensure 100% accuracy in your filings using cutting-edge software.
2. Dedicated Assistance:
Our team of experts is committed to providing seamless processes and ensuring your satisfaction. Enjoy a hassle-free experience with our trusted services.
3. Expert Guidance:
Get expert guidance on the nuances of professional tax regulations. We provide assistance tailored to your specific needs, ensuring compliance with state laws.
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All fileds are mandatory
Professional Tax Registration and Returns
Professional Tax Registration is mandatory within 30 days of employing staff in a business or, in the case of professionals, 30 days from the start of the practice. Professional tax needs to be deducted from the salary or wages paid amount. Application for the Registration Certificate should be made to the assesse's state tax department within 30 days of employing staff for his business. If the assesse's has more than one place of work, then application should be made separately to each authority with respect to the place of work under the jurisdiction of that authority.
If an employer has employed more than 20 employees, he is required to make the payment within 15 days from the end of the month. However, if an employer has less than 20 employees, he is required to pay quarterly (i.e. by the 15th of next month from the end of the quarter).
Exemptions
There are exemptions provided for certain individuals to pay Professional Tax under the Professional Tax Rules.
The following individuals are exempted to pay Professional Tax:
- Parents of children with permanent disability or mental disability.
- Members of the forces as defined in the Army Act, 1950, the Air Force Act, 1950 and the Navy Act, 1957 including members of auxiliary forces or reservists, serving in the state.
- Badli workers in the textile industry.
- An individual suffering from a permanent physical disability (including blindness).
- Women exclusively engaged as agent under the Mahila Pradhan Kshetriya Bachat Yojana or Director of Small Savings.
- Parents or guardians of individuals suffering from mental disability.
- Individuals, above 65 years of age.
Who is Responsible for Deducting Professional Tax?
The employer is responsible for deducting professional tax from the salaries of his employees and paying the amount so collected to the appropriate state government. An employer has to furnish a return to the tax department in the prescribed form within the specified time along with proof of tax payment.
Professional Tax in India
The maximum amount of Professional Tax that can be imposed by any state in India is INR 2500/-. Total amount of Professional Tax paid during the year is allowed as deduction under the Income Tax Act. The Professional Tax is a source of revenue for the state governments which helps in implementing schemes for the welfare and development of the region. Professional Tax is deducted by the employers from the salary of the salaried employees, and is deposited with the state government. Other individuals, pay it directly to the government or through the local bodies appointed to do so.
Consequences
- Fails to Get Registration
He will be liable to a penalty for the period during which he remains unregistered.
- Fails to Deposit to the Government/ Late Deposition
He will be liable to a penalty for the period during which he remains unregistered.
- On-Deposition of Amount
The officials have power to recover such amount along with applicable penalty and interest from the assets of such defaulter. Moreover, they can attach his bank account also. In serious cases, prosecution case also can be filed.
Labour Welfare Fund Compliance
Labour welfare is essential for promoting social security and improving the standard of living for workers. Our Labour Welfare Fund compliance services include:
- 1. Labour Welfare Fund Registration: Ensure compliance by registering with the Labour Welfare Fund of your respective state government within the stipulated timeline.
- 2. Contribution Management:Efficiently manage contributions from both employers and employees, ensuring timely submission to the Labour Welfare Fund board.
- 3. Expenditure Allocation: Utilize the fund for various welfare activities, including medical facilities, housing assistance, vocational training, recreational facilities, and more, as mandated by state-specific regulations.
Why Choose FAST Solutions?
Expertise:
Benefit from the expertise of our certified professionals who meticulously handle your tax and welfare obligations.
Tailored Solutions:
Our services are tailored to meet the unique needs of professionals, salaried individuals, and businesses across various sectors.
Compliance Assurance:
Rest assured, your compliance needs are our top priority. We ensure that all filings and contributions are made accurately and in accordance with state regulations
