A: The registrant(s) may benefit from the lump sum payment system provided for in Article 8(3) of the Professional Tax Act. As a result, one can pay one`s debt for five years by prepayment of an amount of four times the annual tax payable no later than June 30 of the year, i.e. Rs. 10,000 / – (Rs.2, 500 * 4 years) instead of Rs.12,500 / – (Rs.2500 * 5 years). If the amount is not paid by 30 June, it may be paid before 31 March by paying an additional lump sum calculated at ₹ 200 p.m. (w.e.f. 1-4-2000) for the period of delay. An increase or decrease in the tax rate during the above five-year period does not change that person`s tax liability. In case of late payment of professional tax contributions, a contractual penalty of 10% will be charged. In addition, default interest of up to 1.25% per month may be charged. 3) Electronic payment is for all PTRC holders w.e.f.
1/7/2012 empty Government Notification No PFT.1012/ C.R.29/ Taxation-3 Date 14-June-2012. Certain categories of persons may apply for exemption from the payment of business tax. Apart from Maharashtra, what are the other states where business tax is levied? Any employer who deducts and pays business tax on behalf of its employees receives a certificate of registration. Any person subject to business tax, with the exception of those whose business tax is paid by their employer to the state government, will receive a certificate of registration. Late filing of a professional tax return will result in a fine of Rs 1,000. The PTEC payment must be made each year before March 31, in accordance with the March 9 amendment. July 2019 – Article 8 of the Maharashtra State Tax Act 1975 on Professions, Trades, Appeals and Jobs If an employer has employed more than 20 people, he is required to make the payment within 15 days of the end of the month. However, if an employer employs fewer than 20 people, they must pay quarterly (i.e.
no later than the 15th of the following month from the end of the quarter). All States levy a business tax; to name a few – Andhra Pradesh, Assam, Orissa, Karnataka, West Bengal, Tamil Nadu, Gujarat, Kerala, Chhattisgarh, Bihar and Madhya Pradesh. I am facing a problem for April 2020 on the ptrc return date, “no date” will be displayed after selecting 2020-21, how to submit April, May, June, July, August, September 2020 Returns? There is also no rollback of the help desk. hello, I am the owner my business start date is 29.12.2017 I received an email from the PT department regarding the lack of payment from PT, it is mandatory to pay PT and it is mandatory to pay PT. from the start date please also share the formula of the amount of interest ca I have a doubt about the calculation of p.tax on the salary … for example, my gross salary is 10000 /- and according to LWP (vacation without payment) and EPF he draws 7000 / – so he is obliged to pay p.tax???? If the employer`s PTRC liability for the previous year is greater than Rs. 1,00,000, the company is required to pay the PTRC payment and file the tax return at the end of the immediate following month, i.e. at the end of the following month. For e.B., the declaration for the month of April 2021 must be submitted no later than May 30, 2021. In this case, the tax return must be submitted monthly.
The due date for payment and filing of the PTRC statement depends on the Company`s PTRC responsibility for the previous year. If the employer`s ptrc liability for the previous year is less than Rs 1,000,000 as of the 2020-21 fiscal year, the company is required to pay the PTRC payment and file the return no later than March 31 of the year to which the tax return relates. For e.B. The rate of return for the fiscal year 2021-22 must be presented no later than March 31, 2022 if the previous year`s total liabilities were less than Rs 1,00,000/-. In this case, the tax return must be submitted annually. An employer is charged a penalty of Rs. 5 per day for each day he does not receive a professional tax registration. Click here to see the payment procedure for the online MTR form PTRC No. 6 to read If we register with PTRC after 3 years from the date of the registration obligation, what are the consequences. For the due date of the PTEC payment – State of Maharashtra, we refer to the amendment of the respective law of 9 July 2019, in which “the PTEC payment is payable for each year no later than 31 March of the said year” Must be read – Updated professional tax rates in Maharashtra I have registered with the PTRC, the start date was January 1, 2020, but in RC it reflects as April19.
When they contacted the TA office, they said they could not change the effective date. More in the filling of tax returns for Jan20 & Feb20 is its authorized annual filling and from April20 to Feb21 it allows monthly filling.it is correct, because according to the law 1Year is the monthly deposit and 2. The year should be the annual submission. When they were contacted, they said you had registered in 2020-21, so the 1st year is counted as 2020 – 21.is this correct please guide we have a professional tax deposit at PTEC & Company professional tax deposit under PTRC How can something change? Salary for the month of July, paid in August. The ptrc return indicates in the August reporting period what the period will be in Challan and the last date of filing of the tax return Years: Each registered person pays the tax within one month from the date of registration of the first year, thereafter until June 30 of each year. . . .