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PROFESSION TAX REGISTRATION
@ Rs. 2,999
What is PTEC & PTRC?
PTEC: It is to be obtained by every person (excluding Partnership firm or HUF) who are engaged in their own business after the incorporation or commencement of business. For eg. Professional practitioners like CAs, Doctors, etc.
PTRC: It is to be obtained by every person who is liable to deduct profession tax of any employee whose monthly salary is above Rs.7500.
TO WHOM IT IS APPLICABLE?
- Individuals
- Sole proprietorship
- Partnership firm
- Company
- HUF
DOCUMENTS REQUIRED
Individuals
- Pan card copy
- Email ID & Mobile Number
- Number of employees & their salary details
- Address proof (Electricity bill), If Rented additional details- NOC, Rent agreement
- Cancelled cheque
- Aadhar card copy
- Passport size photo
For Company or Firm
- PAN copy of Company or Firm
- Email ID & Mobile Number of authorised person
- Number of employees & their salary details
- AOA & MOA / Partnership deed
- Certificate of incorporation in case of company
- Address proof (Electricity bill), If Rented additional details- NOC, Rent agreement
- Cancelled cheque
- PAN & Aadhar card copies of directors & partners
- Passport size photo of all directors/partners
FAQs
Professional Tax in Maharashtra is required to be paid by every person engage partly or actively in any kind type of trade, employment, profession, or fall under the Column 2 of Schedule I of the Professional Tax Act.
Yes, for the person liable to pay profession tax in Maharashtra, there are certain categories which consist of individuals, firms, corporations, Hindu Undivided Families, companies, societies, associations, and clubs.
Registration certificates are given to those employers who are required to pay profession tax on the behalf of their employees excluding government officers whereas enrolment certificates are given to those persons, for whom it is mandatory to pay professional tax, excluding those persons whose tax is paid by their employers.
If professional tax registration is not obtained then there is a penalty of Rs.5 per day in case of an employer and Rs.2 in case of a person.
There is a penalty of 10% of the tax due in case of late payment of professional tax. Along with this, an interest up to 1.25% per month can be charged on late payment. However, in case person or employer fails to comply with the Maharashtra Professional Tax Act then authority may impose a penalty of not more than Rs.5000.
In case of submission of incorrect information, while applying for an enrolment certificate or a registration certificate, penalty provisions are prescribed under Section 5(6) of the Profession Tax Act which is three times of the actual tax payable.