Regarding professional tax

PTEC is usually for an individual or a company

PTRC is for any concern which has employees be it proprietor/ firm etc

Prof tax returns ie PTRC are usually filed anually but if u enrol for first year its monthly

For PTEC just payment is required no returns

Thanks a lot,

but in that case, if one registers himself in the middle of the year say, December then does he requires to file return for the previous months & also does he requries to pay prof tax for the prior months (i.e. before Nov). 

Moreover, does interest & late filing penalty required to be paid?

Please do help on that too.

Suppose you already had a business then you may pay for max 5 years with penalty if you havent registered. U need to pay PT from the day u have employee's. Yes interest penalty is to be paid. For the first time registration u need to file monthly and also pay tax monthly

Sir

What is the rate of interest chargeable on late payment of Prof Tax & late filing of return?

Kindly, help with that

Thanks

interest is 1.25% pm and late fee is 1000 per return