Professional tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2012
HELLO SIR,
PLZ GIVE ME THE DETAILS OF INTEREST RATE ON LATE PAYMENT PROFESSIONAL TAX.....
PLZ GIVE ME THE DETAILS OF INTEREST RATE ON LATE PAYMENT PROFESSIONAL TAX.....
29 May 2012
Interest on late payment of tax. (Sec. 9)
The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m. with effect from 1-7-2004 (2% p.m. up to 30-6-2004.)
Penalty for "Non-payment or late payment of tax." by Enrollee/Employer (Sec. 10)
The authority may impose a penalty equal to 10% of the tax due.
The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m. with effect from 1-7-2004 (2% p.m. up to 30-6-2004.)
Penalty for "Non-payment or late payment of tax." by Enrollee/Employer (Sec. 10)
The authority may impose a penalty equal to 10% of the tax due.
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