Maharashtra Professional Tax
Every person engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in Schedule I of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT) is liable to pay to the State Government tax prescribed under the said Schedule.
Application for enrolment/registration 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.
Where a person liable for registration/enrolment has wilfully failed to apply for such certificate within required time, the prescribed authority may, after a reasonable opportunity of hearing, impose penalty @ ` 5 (registration)/` 2 (enrolment) per day of delay.
Every registered employer shall pay tax before filing the return as per due dates.
Every enrolled person shall pay the tax within one month from the date of enrolment in the first year, thereafter by 30th June of every year. No return filing is required.
If an enrolled person/registered employer fails to pay the tax in time he shall be liable to pay simple interest @ 1.25% of the tax payable for each month for which the tax remains unpaid. The Commissioner is empowered to reduce/waive this interest in respect of any period, after recording reasons.
Further if the enrolled person/registered employer fails without reasonable cause, to make payment of any tax within the required time the prescribed authority may, after a reasonable opportunity of hearing, impose a penalty equal to 10% of the tax due.
For PTRC If Tax liability during the Previous year is less than Rs. 50,000/-:
Then return should be filed yearly. The due date of Payment & return filing date is 31st March of the financial year to which return relates.
For PTRC If Tax liability during the previous year is Rs. 50,000/- or more:
Then return should be filed monthly. The due date of payment & return filing date is last date of the month to which return relates.