Profession tax registration

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amit (Querist)

22 April 2013 sir can u explain me the brief idea about profession tax i.e
1. who has to get registered
2. when it is applicable and for whom
3. tax liability on profession tax
4. due date for filing and payment of profession tax

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

09 September 2013 please mention the state

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

10 August 2024 Certainly! Here’s a brief overview of Profession Tax (PT) in Maharashtra, focusing on Thane:

### **1. Who Has to Get Registered:**

- **Employers:** Any individual, firm, or company that has employees in Maharashtra must get registered for Professional Tax Registration Certificate (PTRC). This applies to businesses, corporations, partnerships, and individuals employing staff.

- **Professionals and Self-Employed Individuals:** Individuals who are self-employed or practicing professionals (e.g., doctors, lawyers, consultants) need to get a Professional Tax Enrollment Certificate (PTEC).

### **2. When It Is Applicable and For Whom:**

- **Employers:** PT is applicable to employers who have employees working for them in Maharashtra. This includes any organization, company, firm, or individual employing staff.

- **Self-Employed/Professionals:** Individuals who earn income through their profession or business are required to pay PT if their income exceeds the exemption limit.

### **3. Tax Liability on Profession Tax:**

- **For Employers (PTRC):** Employers must deduct PT from their employees' salaries and pay it to the Maharashtra State Government. The amount varies based on the salary slab.

- **For Self-Employed/Professionals (PTEC):** Self-employed individuals must pay PT based on their income level as per the slabs specified by the Maharashtra State Government.

### **4. Due Date for Filing and Payment of Profession Tax:**

- **Filing Returns for Employers (PTRC):**
- **Monthly:** PT returns need to be filed every month, detailing the amount of tax deducted from employees.
- **Due Date:** Typically, the return for a particular month should be filed by the 20th of the following month. For example, PT for January should be filed by the 20th of February.

- **Filing Returns for Self-Employed/Professionals (PTEC):**
- **Annual:** Self-employed individuals or professionals usually need to file an annual return.
- **Due Date:** The annual return should be filed within the specified date, typically by 30th June for the preceding financial year. For example, for the financial year April 2022 to March 2023, the return should be filed by June 30, 2023.

- **Payment:**
- PT should be paid along with the return submission. For employers, it’s done monthly, while for self-employed individuals, it’s done annually.

### **Additional Information:**

- **Penalties:** Late payment or non-compliance can attract penalties and interest as per Maharashtra's regulations.

- **Forms and Registration:**
- **Form I**: For PT Registration (PTRC)
- **Form II**: For PT Enrollment (PTEC)
- **MTR-6**: For Payment of PT

### **Steps to Register:**

1. **Application Submission:** Submit the application form (Form I for PTRC and Form II for PTEC) along with necessary documents.
2. **Documents Required:** Proof of business (e.g., partnership deed, certificate of incorporation), PAN card, address proof, etc.
3. **Verification:** The application will be verified by the local tax office.
4. **Certificate Issuance:** Upon approval, you will receive the PTRC/PTEC.

For more specific and up-to-date details, visit the [Maharashtra State Tax department’s website](https://www.mahagst.gov.in/) or contact the local tax office in Thane.

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