Professional tax return periodicity

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shalaka shekhar rao (Querist)
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12 June 2013 Dear Sir/ Madam,
Our Companies Professional Tax liability is more than Rs.50,000/-. Hence our return periodicity is monthly.
My query is that whether we have to filed both return monthly and quarterly or monthly or yearly.

Thanking you,

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 June 2013 It depends on your state PT act. if karnataka it is monthly return only. no quarterly return

shalaka shekhar rao

shalaka shekhar rao (Querist)
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13 June 2013 Respected Sir,
Sorry, I did not mentioned the state. Our Company is register in Maharashtra.
So please guide me as per applicabilty of PT in Maharashtra.
Thanking you,

Best Regards

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 June 2013 Maharastra Professional tax return need to file as

Annual Profession Tax Liability less than Rs. 5000 - Annual Return.

Annual Profession Tax Liability more than Rs. 5000 but less than Rs. 20000 - Quarterly Returns.

Annual Profession Tax Liability more than Rs. 20000 - Monthly Returns

E-payment & E-Return is mandatory

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