Profession Tax Registration Certificate (PTRC) periodicity for 2014-15
(Maharashtra Profession Tax)
From August 2011, filing of e-return and from July 2012, e -payment is mandatory for all PTRC holders. The periodicity and due date of payment/filing of returns are as under:
Annual tax Liability during 2013-14
|
Periodicity for 2014-15
|
Due Date for payment
and e-return filling
for F.Y 2014-15
|
is less than Rs. 50,000/-
|
Yearly
|
31st March 2015
|
Tax Liability is equal to or more than Rs. 50,000/-
|
Monthly
|
The last date of the
month to which the
return relates
|
Clarification :
- For yearly return period covered by the return shall be 01/04/14 to 31/03/15. The return shall contain the salary details for the period March 2014 to Feb 2015.
- The monthly return shall contain details of the salaries and wages, paid and the amount of tax deducted by him in respect of the month immediately preceding the month to which the return relates. e.g. Return for the month of April 2014 shall contain the salary details of March 2014.
- Period mentioned on the Payment chalan and period mentioned in the return shall be same.
- Filling of e-return for all PTRC holders is made mandatory vide Government Notification VAT/AMD.1010/IB/PT/Adm-6 Date 14/7/2011.
- As per section 6(3), mandatory Late Fees of Rs. 1000/- per return is applicable, if the return is filed after the due date.
- E-payment is made mandatory to all PTRC holders w.e.f. 1/7/2012 vide Government Notification No PFT.1012/ C.R.29/ Taxation-3 Date 14-June-2012.
- As per Rule 11A of PT Act, an employer registered under this Act shall furnish monthly return till the end of the year in which he is granted the certificate of registration.
