PTEC enrollment & interest
This query is : Resolved
21 September 2025
Dear Members,
I am partner in a LLP from Dec 2023 which required me to get registered in PTEC which i have not done till date. So after registration in this month what will be my PTEC interest to be paid?
In section 9 (3A) it is said that "If a person, liable to get enrolled, fails to apply for certificate of enrolment within the period specified under this Act, he shall be liable to pay simple interest at the rate of 1.25 per cent. per month or part thereof of the amount of tax payable, from the 1st July of that year, till the date of payment of such tax, in addition to the amount of tax payable in respect of the year, for which he has remained unenrolled."
1st July of that year means? 1st July 2024 till Sept 25 or 1st July 2023 to Sept 25
Is there a option to pay PTEC together for previous 2 years or payment has to be done for each year? is separate then how do i split interest amount
Please please HELP
I am partner in a LLP from Dec 2023 which required me to get registered in PTEC which i have not done till date. So after registration in this month what will be my PTEC interest to be paid?
In section 9 (3A) it is said that "If a person, liable to get enrolled, fails to apply for certificate of enrolment within the period specified under this Act, he shall be liable to pay simple interest at the rate of 1.25 per cent. per month or part thereof of the amount of tax payable, from the 1st July of that year, till the date of payment of such tax, in addition to the amount of tax payable in respect of the year, for which he has remained unenrolled."
1st July of that year means? 1st July 2024 till Sept 25 or 1st July 2023 to Sept 25
Is there a option to pay PTEC together for previous 2 years or payment has to be done for each year? is separate then how do i split interest amount
Please please HELP
21 September 2025
The interest on delayed PTEC enrolment under Section 9(3A) of the Maharashtra Profession Tax Act is calculated at 1.25% per month or part thereof, starting from the 1st July of the financial year in which the liability first arose until the actual date of payment. For a partner who joined an LLP in December 2023 and is enrolling in September 2025, interest calculation begins from 1st July 2024 (the financial year following commencement), not July 2023, as the Act specifies the liability from the year of default, which is 2024-25, when the person should have been enrolled.
21 September 2025
Interest Period Definition
"1st July of that year" refers to the 1st July of the year for which enrolment and payment should have been made, i.e., the year succeeding the date of becoming liable (here, December 2023 means FY 2023-24, so the liability for FY 2024-25 starts from 1st July 2024).
Interest is payable from 1st July 2024 until the date of payment in September 2025, for each financial year for which one remains unenrolled.
"1st July of that year" refers to the 1st July of the year for which enrolment and payment should have been made, i.e., the year succeeding the date of becoming liable (here, December 2023 means FY 2023-24, so the liability for FY 2024-25 starts from 1st July 2024).
Interest is payable from 1st July 2024 until the date of payment in September 2025, for each financial year for which one remains unenrolled.
21 September 2025
Payment for Multiple Years
PTEC must be paid for each financial year separately; payment cannot be clubbed for previous years.
For each year, calculate the interest from 1st July of that year till the actual payment date. If enrolling and paying in September 2025, interest for FY 2024-25 runs from 1st July 2024 to date of payment; for FY 2025-26, if paying after 1st July 2025, interest applies again from that date.
PTEC must be paid for each financial year separately; payment cannot be clubbed for previous years.
For each year, calculate the interest from 1st July of that year till the actual payment date. If enrolling and paying in September 2025, interest for FY 2024-25 runs from 1st July 2024 to date of payment; for FY 2025-26, if paying after 1st July 2025, interest applies again from that date.
21 September 2025
Calculating and Splitting Interest Amount
Calculate interest for each year separately, using the formula:
Interest = Tax amount × × 1.25% ×
× Number of months or part thereof from 1st July of relevant year till payment date.
When making payment, declare liability for each year and pay corresponding interest for each separately. Your payment receipt and the official portal will typically show a breakdown per year.
Calculate interest for each year separately, using the formula:
Interest = Tax amount × × 1.25% ×
× Number of months or part thereof from 1st July of relevant year till payment date.
When making payment, declare liability for each year and pay corresponding interest for each separately. Your payment receipt and the official portal will typically show a breakdown per year.
21 September 2025
he has to pay PTEC for 23-24 also right with interest
21 September 2025
Yes, definitely.
21 September 2025
Thanks a ton
Your explanation is really helpful, HATSOFF Sir
Your explanation is really helpful, HATSOFF Sir
21 September 2025
You are welcome.
22 September 2025
Good luck..
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