In which month professional tax rs 300 is deducted in maharashtra?
If you obtained the certificate of enrollment on or before the 31st of May, then you must pay your professional tax before the 30th of June of the same year. If you enrolled after the 31st of May, you must pay the professional tax within a month of the enrollment date.
What is the due date for payment of monthly professional tax in Maharashtra?
If you obtained the certificate of enrollment on or before the 31st of May, then you must pay your professional tax before the 30th of June of the same year. If you enrolled after the 31st of May, you must pay the professional tax within a month of the enrollment date.
What is the new PT rule in Maharashtra?
In Maharashtra, the threshold limit for the deduction of Profession Tax is an income of Rs. 7,500 per month. This means that if an individual's monthly income is less than Rs. 7,500, then they are not required to pay Profession Tax.
How is professional tax calculated in Maharashtra?
The professional tax is determined by the gross monthly income corresponding to the income slab, as per the state where you are employed. So, if your gross income every month is Rs. 30,000 and you are working in Maharashtra, you are liable to pay Rs. 200 every month except February.
How to pay monthly professional tax 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.
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 due date for payment of tax?
| Due Date | Advance Tax Payment Percentage |
|---|---|
| On or before 15th June | 15% of advance tax |
| On or before 15th September | 45% of advance tax (-) advance tax already paid |
| On or before 15th December | 75% of advance tax (-) advance tax already paid |
How much professional tax is deducted from salary in India?
| Monthly Income | Professional Tax Every Month |
|---|---|
| Below Rs. 15,000 | NIL |
| From Rs. 15,001 – Rs. 20,000 | Rs. 150 |
| More than Rs. 20,000 | Rs. 200 |
Is PTEC compulsory for GST registration in Maharashtra?
Apart from Individuals, Company and LLP also required PTEC. Having a Professional Tax Enrolment Certificate (PTEC) is mandatory for obtaining GST Registration in Maharashtra.
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 much is PTEC payment in Maharashtra?
Professional Tax Enrollment Certificate (PTEC)
2500 annually. Companies with Directors will have to obtain the Professional Tax Enrollment number and need to pay Rs. 2500. This payment needs to be made by the company for its existence and getting engaged in the profession in Maharashtra.
What is the rule 11 of profession tax rules in Maharashtra?
| Sr No | Rule numbers | Rules |
|---|---|---|
| 13 | 11 | Returns and payment of tax by employers. |
| 14 | 11A | Special provisions for returns to be furnished by the employer for the first year in which he is granted Registration Certificate |
| 15 | 11B | Special provisions for last return in certain cases |
| 16 | 11C | Payment of tax otherwise than in accordance with return |
Who is eligible for PT in Maharashtra?
Who is eligible to pay Professional in Maharashtra? Entities having professional tax liability of more than Rs. 50,000 need to file monthly professional tax returns before the last date of each month.
What is the PT deduction in Mumbai?
Latest Professional Tax Slab Rates in Maharashtra 2024-25
The professional tax payable in Maharashtra ranges between Rs. 250 and Rs. 2,500 and it depends on the predetermined tax rates and salary of the taxpayer.
How many employees 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 penalty for professional tax in Maharashtra?
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. Additionally, an interest on late payment can be levied at up to 1.25% per month.
How can I download PTEC 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.
How can I pay professional tax online in India?
- Enrollment No.:
- Registration No.:
- Government ID:
- Application No.: Note: If you do not have any application number, Click here to apply for new enrollment.
What is the amnesty scheme for profession tax in Maharashtra?
New Amnesty Scheme, 2023 is called 'Maharashtra Amnesty Scheme 2023 for of Arrears of Tax, Interest, Penalty or Late Fee. Women who make up to Rs 25,000 per month would not be subject to professional tax, as per the Maharashtra Budget.
Is professional tax still applicable in India?
In a nutshell, professional tax will be applicable if either the branch office where the employee is working or the office paying salary is registered as per the state laws. If the head office is registered but not the branch office or office paying salary, then professional tax will not be applicable.
What is the frequency regarding filing of return and payment of tax under Maharashtra Profession Act?
Every assessee 'registered' under the Act shall submit to the assessing authority, a return In Form V every month showing the salaries and wages paid by him and the amount of tax deducted by him from the salaries and wages.
What is the due date for TCS and TDS payment?
This amount is supposed to be deposited on or before the 7th of the following month. However, for the TDS deducted in March, the amount can be deposited till 30th April. For the TDS deducted on the purchase or rent of property, the due date is 30 days from the end of the month in which the amount is deducted.
What is the penalty for TCS?
Penalty for Incorrect Filing of the TCS Return
Under Section 271H, a penalty can be levied if the tax collector files an inaccurate TCS return. A minimum penalty of Rs 10,000 and a maximum penalty of up to Rs 1,00,000 can be levied if the collector files a wrong TCS return.
When should TDS be deducted?
When should TDS be deducted and by whom? Any person making specified payments mentioned under the Income Tax Act is required to deduct TDS at the time of making such specified payment. But no TDS has to be deducted if the person making the payment is an individual or HUF whose books are not required to be audited.
What is the maximum professional tax in India?
Maximum amount of professional tax
Also, as per the Income-tax Act no state can levy more than Rs 2,500 as professional tax in a year. This implies that professional tax per month cannot exceed Rs 2,500 / 12 months i.e., Rs 208.33 per month.
