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.
How is interest calculated on late payment of professional tax in Maharashtra?
Ans: Application for enrolment shall be made within 30 days from date of commencement of profession, trade, calling or employment or within 30 days of becoming liable to pay tax under the Act….Maharashtra Profession Tax Act- Synopsis of PTEC & PTRC.
|Due Date of Payment:||31-12-2019|
|((10,000* 1.25%* 1 month) + (10,000*1.50%*2 months)|
What is the due date for PT annual return?
30th of April
All employers and businesses with Enrollment Certificate must remit their taxes before the 30th of April every year as per the stipulated tax slab. Moreover, employers with the Enrollment Certificate are required to file annual returns within 60 days of the end of the fiscal year.
How interest is calculated for late payment of PT?
For late payment of PT, interest @ 1.25% p.m. is levied and the state may also impose a penalty of 10% of the total amount due….Profession Tax in Maharashtra:
|Monthly Salary Wage||PT Payable|
|b. i) In case of male: exceeds Rs. 7,500 but does not exceed rupees 10,000||Rs. 175 p.m.|
What is the due date for payment of PTEC in Maharashtra 2020 21?
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.
What is the current professional tax slab in Maharashtra?
Professional Tax Slab Rates in Maharashtra 2020-21
|Monthly Gross Salary||Amount Payable as Professional Tax|
|Rs. 7,501 to Rs.10000||Rs. 175 per month|
|Above Rs. 10000||Rs. 2,500 p.a. The amount is can be paid in the following manner: Rs. 200 per month except for the month of February. Rs. 300 for the month of February.|
What is the 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.
When should I pay PTEC?
What is PT renewal?
Profession Tax (PT) is a tax levied on the employment and Profession by respective State Government in India. In Karnataka, Profession Tax is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976.
How can I pay my PT online in Maharashtra?
Go to Maharashtra Government’s GST Department website. Click on ‘e-Payments’. Select the option which is applicable as per the status of your profession tax payment. Kindly select TIN/PAN/TAN number, as applicable and enter the respective number along with the captcha shown in the image.
How is PT interest calculated?
For late payment of Professional Tax in Karnataka, Interest @ 1.25% per month would be levied and a maximum penalty of 50% of the Total Amount due may also be levied by the Karnataka authority….3. Professional Tax in Karnataka.
|Monthly Salary||Amount payable in Karnataka|
|Rs. 15,000 & above||Rs. 200 per month|
What will happen if I don’t pay professional tax?
In case of non/late payment of profession tax, penalty will be 10% of the amount of tax. In case of late filing of returns, a penalty of Rs. 1000 per return will be imposed if you filed after due date in 1 month.
What is the due date for professional tax in Maharashtra?
Professional Tax Due Dates in Maharashtra For the business, enrolling before the commencement of the year or enrolled before 31st May of the financial year, the last date of the profession tax payment is 30th June of that year itself. In case of enrolments post 31st May, professi onal tax needs to be paid within 30 days of the date of enrolment.
What is the last date of Profession tax payment in India?
Monthly salary (in Rs.) Tax (in Rs. Per month) For the business, enrolling before the commencement of the year or enrolled before 31st May of the financial year, the last date of the profession tax payment is 30th June of that year itself.
What is the professional tax due date of payment in Karnataka?
Professional Tax Due Date of payment in Karnataka. Every person who is liable to pay profession tax should file their returns by the 15th of the next month for which you should file the return. Professional Tax Due Date of payment in Kolkata. For registered employers with annual tax liability up to Rs. 3000, the return period is quarterly.
What is the due date for payment of professional tax?
3. In case it is the first year of registration, the due date for payment of professional tax (PT) is the last day of the month for which the return is being filed. Every person who is liable to pay profession tax should file their return by 31st December for the entire year.