12 October 2010
Can anyone tell me what is the rate of interest on professional tax in maharashtra and what is the meaning of part thereof? in case of profession tax , is there any interest on late payment.how interest is calculated?
Returns are required to be filed on or before the last date of the month to which the return relates. It should contain details of salaries paid and the amount of tax deducted in respect of the month immediately preceding the month to which the return relates. Due dates for payment of Profession Tax and for filing the returns in Maharashtra:- For the persons holding Enrolment Certificate - 30th June. For any delay in the same, interest @ 1.25% per month will be charged. Bank payment challans to be received by all Enrolment Certificate holders by mid June.