How to pay employer professional tax 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 to pay company professional tax online in Maharashtra?
- Visit the Maharashtra Government's GST Department website.
- Tap on e-payments.
- Choose the option as per your professional tax payment.
- Choose the TIN/PAN/TAN number and enter the captcha.
- Now choose PTRC or PTEC act as per your convenience.
Who is liable to pay PTEC in Maharashtra?
PTEC (Professional Tax Enrolment Certificate) in Maharashtra is for independent workers who must pay the professional tax themselves. Required PTEC Registration for Company itself, its directors, and partners in LLP or partnership firms, proprietors, and professionals associated with the business.
Is professional tax paid monthly or yearly in Maharashtra?
Maharashtra Professional Tax Payment Due Date
For instance, businesses that enrolled before May 31 of a given year must pay this tax by June 30 of that year. On the other hand, organisations that enrolled after May 31 of a fiscal year must pay professional tax within one month of the enrolment date.
How many employees are required for professional tax registration in Maharashtra?
How many employees are required for PT Registration in Maharashtra? Every individual with an income is liable to pay Professional Tax. Accordingly there is no specific number of employees required to pay Professional Tax.
What is the due date for PT payment in Maharashtra?
Professional tax payments are due on April 1 and October 1 of each respective half-year. Employers and individuals who miss a payment deadline for Professional tax are subject to a 2% monthly penalty. A 10% additional penalty will be assessed for Professional tax non-payment.
What is the new PT rule in Maharashtra?
| Men Monthly Gross Salary | Amount Payable as Professional Tax |
|---|---|
| Up to Rs.7,500 | Nil |
| Rs. 7,501 to Rs.10,000 | Rs. 175 per month |
| Above Rs. 10,000 | Rs. 200 per month except for the month of February and Rs. 300 for the month of February |
What is the difference between Ptrc and PTEC in Maharashtra?
PTEC and PTRC:
PTEC stands for Professional Tax Enrollment Certificate and PTRC is Professional Tax Registration Certificate. PTEC permits to pay the professional tax of the business entity (Private Ltd, Public Ltd, OPC, etc) and also of the owner or professional (sole proprietor, partner, director, etc).
Who is exempted from PTEC in Maharashtra?
Ans: 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.
Who is exempted from professional tax in Maharashtra?
It is subject to a minimum limit of income and charges differ as per the applicable slab rates of the states. Note: Senior citizens and handicapped persons with more than 40% physical or mental disability are exempted from paying Professional tax in Maharashtra.
How can I register professional tax in Maharashtra?
- An application must be made in Form 1 within 30 days of becoming liable to pay the professional tax.
- Once Form 1 is submitted an acknowledgment with the date and time for attending the registration authority is generated.
How to download professional tax challan in Maharashtra?
- Select the Other Acts Registration option.
- Click on RC Download.
- Enter the PAN card number/TIN number.
- Click on Get Status.
- You will get to see the PTRC challan next.
- Click on Save and Download Challan, and it will get done.
Is Ptrc return monthly or yearly in Maharashtra?
| Annual Tax Liability During the Preceding Year | Periodicity | Due Date for Payment & E-Return Filing |
|---|---|---|
| Annual Tax Liability less than Rs. 50,000 | Annually* | 31st March of the respective F.Y. |
| Annual Tax Liability equal to or above Rs. 50,000 | Monthly | Last day of the respective month. |
What is the applicability of Ptrc and PTEC in Maharashtra?
Registration & Filling of PTEC and PTRC is Mandatory for : All types of paid professionals working or trading in India. According to the regulation, every professional acquiring a regular monthly wage is obliged to pay this particular tax.
What is the cost of PTEC registration in Maharashtra?
2500/-. What is enrolment certificate and what is registration certificate? Every employer in specific states is required to deduct taxes from salary when paid to one or more employees when payment made exceeds Rs 5000(this limit is for Maharashtra) and deposit with state government.
What is the penalty for late payment of professional tax in Maharashtra?
In Maharashtra, for example, the penalty for late registration is Rs 5 per day. There is also 1.25% monthly interest for late payment, a 10% penalty on the tax amount for non-payment/delay of professional tax, and a penalty of Rs.1,000-2,000 for late return submission.
What is the payment due date?
The due date is the payment deadline or the latest time limit set to pay a financial obligation. The term is generally used in the context of bill payments. When you have a financial obligation with a due date date, it means that you have to pay off the amount owed before the specified date.
Is PTEC compulsory for GST registration in Maharashtra?
In Maharashtra, any business or profit-motivated profession must acquire a Profession Tax Number and annually fulfil their professional tax obligation by submitting the appropriate challan and return. Recently, the Maharashtra Profession Tax Department has mandated that PTEC Compulsory for GST registration.
Is professional tax mandatory in Maharashtra?
The penalty for failure to pay professional tax varies from state to state. In Maharashtra under The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, the penalty for late payment is an interest of 1.25% to 2% per month.
How much is professional tax in Maharashtra?
| Tax slab | |
|---|---|
| Monthly salary | Tax per month |
| Up to Rs. 7,500 | Nil |
| From Rs. 7,501 to Rs. 10,000 | Rs. 175 |
| Above Rs. 10,001 | Rs. 200 & 300* |
Is there any change in professional tax in Maharashtra?
The substituting provision has further provided that female employees / wage earners earning salary or wages more than INR 25,000 per month are covered in the class of eligible persons for payment of professional tax with the same rate of tax as the rate for male employees who earn salary or wages more than INR 10,000 ...
What is profession tax Ptrc in Maharashtra?
| Act | The Maharashtra State Tax On Professions, Trade, Callings And Employments Act, 1975 | |
|---|---|---|
| Upto 7500 | ₹ 0.00 | Nil for Male Employees |
| Between 7501 To 10000 | ₹ 175.00 | For Male Employees |
| Above 10000 | ₹ 200.00 | For Male Employees |
| Above 10000 | ₹ 300.00 | Employer has to deduct on February month only for Male Employees |
Who is liable for PTRC registration in Maharashtra?
Applicability of PTEC and PTRC:
(LLP and All Companies are covered) Applicability of PTRC: This certificate is to be obtain by every person who is liable to deduct profession tax of any employee whose monthly salary is above Rs. 7,500/- in Maharashtra.
How to register for Ptrc in Maharashtra?
- Click on the option “New Registration under various Acts” then “Instructions” page will appear. ...
- After that “Temporary Profile creation” page will appear. ...
- Applicant will login by using credentials as temporary profile.
Can we revise Ptrc return in Maharashtra?
Can revised profession tax return be filled? Yes, revised professional tax return can be filed in Maharashtra if any omission or incorrect statement has been furnished.
