The Maharashtra State Tax on Professions, Trades, Callings and Employments Acts, 1975
1. The Act extends to the whole of the State of Maharashtra.
2. "person" means any person who is engaged actively or otherwise in any, trade, calling or employment in the State of Maharashtra, and includes a Hindu undivided family, firm, company corporation or other corporate body, any society, club or association, so engaged, but does not include any person who earns wages on a casual basis.
3. "salary" or "wage" includes pay or wages, dearness allowance and all other remunerations received by any person on regular basis, whether payable in cash or kind, and also includes perquisites and profits in lieu of salary, as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form, and on any account or gratuity.
4. The tax payable under this Act, by any person earning a salary or wage, shall be deducted by his employer from the salary or wage payable to such person, before such salary or wage is paid to him, and such employer shall, irrespective of whether such deduction has been made or not, when the salary or wage is paid to such persons, be liable to pay tax on behalf of all such persons.
5. PTRC: - PROFESSION TAX REGISTRATION CERTIFICATE OBTAINS BY EMPLOYER TO DEDUCT & DEPOSIT PROFESSION TAX FROM EMPLOYEE'S SALARY.
6. PTEC: -PROFESSION TAX ENROLMENT CERTIFICATE OBTAINS BY THE PROFESSIONALS AND SELF- EMPLOYED PERSONS.
7. Where an employer or a person liable to registration or enrolment has failed to apply for such certificate within the required time, the prescribed authority may, after giving him a reasonable " opportunity of being heard, impose penalty of ` 5 for each day of delay in case of such employer and ` 2 for each day of delay in case of such person.
8. Revised Return: - If person discovers any omission or incorrect statement therein, may furnish, a revised return in respect of the period covered by the return, at any time before a notice for assessment is served on him in respect of the period covered by the said return or before the expiry of a period of six months from the end of the year to which such return relates, whichever is earlier.
9. If an employer (not being an officer of Government) fails to pay the tax as required by or under this Act, shall be liable to pay simple interest at 1.25% of the amount of the tax payable for each month for the period, for which the tax remains unpaid.
10. If an enrolled person or a registered employer fails, without reasonable cause, to make payment of any amount of tax, within the required time or date as specified in the notice of demand, the prescribed authority may, after giving him a reasonable opportunity of being heard, impose upon him a penalty equal to 10%, of the amount of tax due.
11. Exemptions: -a) the person who have completed the age of sixty-five years.
b) parents of guardians of a child suffering from a physical disability.
Payment Due Dates:-
A) Profession Tax Enrollment Certificate (PTEC) holder-
(Tax is to be paid in chalan no MTR-6)
B) Profession Tax Registration Certificate (PTRC) holder-
(Tax is to be paid in chalan No MTR-6, and online return should be submitted in Form IIIB.)
