How can I generate professional tax paid challan Maharashtra?
Steps-:
- Go to site www.mahagst.gov.in.
- Changed to English by clicking on top of the page right hand side tab.
- Click on e-payment tab and select the option – e-payment returns.
- Select option PAN and enter PAN & captcha.
- Select Act – PTEC Act.
- Form VIII.
- Period as applicable – for e.g. F.Y. 2019-20.
What is the penalty for late payment of professional tax in Maharashtra?
Professional Tax Maharashtra – Fines and Penalties 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.
What is PTEC?
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).
What is CTD number in PT?
You will see that a Commercial Tax Department Reference number (CTD Ref. No.) is generated which is a unique number. Note this number for future use. If the entered details are not correct you can go back and correct the details and follow the process specified above.
Is professional tax deducted every month?
When is professional tax deducted? If you are a salaried individual, then as mentioned under Article 276(2) of the Indian Constitution, your employer will deduct the professional tax based on your salary slab from your gross income every month. It will then be remitted to the state.
Is PT Date Extended?
Karnataka Extends Dues Date for Professional Tax Annual Return and Payment to 30 June 2021.
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.
Can Professional Tax be refunded?
There is generally no refund mechanism under professional tax. However, if the payment is made inadvertently then the professional tax act of the particular state shall mention the way to get it. You cannot get your professional tax back. But you can claim deduction of profession tax file filing your salary returns.
What is PTR for?
For Renewal of Professional Tax – Original copy of the previous Professional Tax Receipt (PTR) – Photocopy of Previous Professional Tax Receipt (PTR) – PRC I.D. – If a representative will process the requirements on behalf of the applicant.