Avail 50% discount on All CS & CMA subjects for Dec batch . Use coupon code Dec14

×
Home > Experts > Others > Interest on Professional Tax


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Interest on Professional Tax (Others)

Report Abuse
This query is : Resolved



( Author )
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?


Aditya Maheshwari

( Expert )
12 October 2010

For any delay in the same, interest @ 1.25% per month will be charged.


CA NIRAV

( Author )
12 October 2010

interest is on Late Payment or on late filing


CA NIRAV

( Author )
12 October 2010

What is due date for payment and what is due date for filing return


Aditya Maheshwari

( Expert )
12 October 2010

On late payment


Aditya Maheshwari

( Expert )
12 October 2010

For employers holding Registration Certificate, the period of returns to be filed on basis of annual tax liability amounts are as follows:

• Annual Profession Tax Liability = Rs. 5000 but = Rs. 20000 - Monthly Returns.

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.


CA NIRAV

( Author )
12 October 2010

what is the rate of interest on late filing?
and for interest calculation hoe month should be calculated?


CA NIRAV

( Author )
12 October 2010

suppose if may months Profession Tax is paid On 15th oct then interest will be for how many months?


Aditya Maheshwari

( Expert )
12 October 2010

Return is filed at the time of making payment itself. Interest for one day also considered as month.


CA NIRAV

( Author )
12 October 2010

if interest is on late payment that what is the due date for payment?

is it 15th of next month.


Aditya Maheshwari

( Expert )
12 October 2010

yes it is 15


CA NIRAV

( Author )
12 October 2010

Month Due Date Date Of Payment months
May 15-Jun-10 14-Oct-10 4
June 15-Jul-10 14-Oct-10 3
July 15-Aug-10 14-Oct-10 2
August 15-Sep-10 14-Oct-10 1
Sept 15-Oct-10 14-Oct-10 0
Total 10


Is this Proper?


Aditya Maheshwari

( Expert )
12 October 2010

yesyes


CA NIRAV

( Author )
12 October 2010

Thanx a lot...


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :








submit










Quick Links





back to the top