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Interest on Professional Tax

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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?

12 October 2010 For any delay in the same, interest @ 1.25% per month will be charged.

12 October 2010 interest is on Late Payment or on late filing




12 October 2010 What is due date for payment and what is due date for filing return

12 October 2010 On late payment

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.

12 October 2010 what is the rate of interest on late filing?
and for interest calculation hoe month should be calculated?

12 October 2010 suppose if may months Profession Tax is paid On 15th oct then interest will be for how many months?




12 October 2010 Return is filed at the time of making payment itself. Interest for one day also considered as month.

12 October 2010 if interest is on late payment that what is the due date for payment?

is it 15th of next month.

12 October 2010 yes it is 15

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?




12 October 2010 yesyes

12 October 2010 Thanx a lot...



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