How is profession tax paid in Maharashtra?

How is profession tax paid in Maharashtra?

Maharashtra Profession Tax: Pay Online

  1. Go to Maharashtra Government’s GST Department website.
  2. Kindly select TIN/PAN/TAN number, as applicable and enter the respective number along with the captcha shown in the image.
  3. Now, select the Act under which you want to make the payment.

Who is eligible for professional tax?

This was increased to Rs. 2,500 in 1988, and since then this amount has been kept unchanged. So, as a salaried individual or a professional drawing regular income you, your employer or the respective party from where your income comes can pay professional tax.

What is Prof tax in salary slip?

Professional tax is a tax that is levied by the state government and applies to income you earn through employment. You can often find the deduction for the same on your salary slip each month.

What is difference between PTEC and Ptrc?

PTEC stands for Professional Tax Enrolment Certificate and PTRC stands for Professional Tax Registration Certificate. 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.

What is the due date for professional tax payment in Maharashtra?

Due Date for Payment of Professional Tax Maharashtra In case of entities enrolling before the start of a year on or prior to 31st May, the due date for payment is 30th June. In case of enrolments post 31st May, professional tax needs to be paid within 30 days of the date of enrolment.

When should I pay PTEC?

A person enrolling in PTEC shall pay the tax within one month of registration in the first year. After that, you can do the payment on 30th June of every year.

Why is PTEC required?

PTEC allows to pay professional tax of a business entity and also of the professional or owner of the business. 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.

Where does professional tax come from in Maharashtra?

The professional tax, in Maharashtra, is regulated by the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. The revenue collected is used towards the Employment Guarantee Scheme and the Employment Guarantee Fund. Who Pays Professional Tax in Maharashtra?

What is the penalty for not filing professional tax in Maharashtra?

Professional Tax Maharashtra – Fines and Penalties An employer will be charged a penalty of Rs. 5 per day for each day of not obtaining professional tax registration. Late filing of professional tax return will attract a penalty of Rs. 1,000. A penalty of 10% will apply in case of late payment of professional tax dues.

When do you have to pay PT in Maharashtra?

Compliance under Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975: Every employer not having employees, should only pay annual PT charges of Rs.2500/- on or before 31 st March every year.

What is the rate of professional tax in India?

As this tax is a state subject, the rate of profession tax varies from one state to another. While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. The following are the professional tax rates in key states in India: