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Professional Tax in Maharashtra

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Professional Tax is a State level Tax in India on Professions, Trades, Callings and Employments. In Maharashtra (Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975), Professional Tax is applicable both on Individuals & Organizations (Company, Firm, Proprietary Concern, Hindu Undivided Family (HUF), Society, Club, Association Of Persons, Corporation or any other corporate body in Maharashtra per the provisions of the Maharashtra Professional Tax Act of 1975.

Professional Tax For Organizations/ Companies :-

An employer organization is required to get registered under the Professional Tax Act and obtain a Registration Certificate under which the payment in respect of taxes deducted from employees salaries can be made (PTRC).

Also as a firm, the organization is required to obtain Enrollment Certificate and pay Professional tax on it’s behalf (PTEC).

Professional Tax For Director in Maharashtra:-

Every person residing in Maharashtra engaged as a director of companies according Entry 5, is liable and has to obtain a Certificate of Enrollment from the Professional Tax Authority (PTEC).

Exempted Individuals in Maharashtra:-

The following persons are exempted from the provisions of the Professional Tax Act in Maharashtra :

  • Senior Citizen above 65 years age.

  • Handicapped Person with more than 40 % disability or parent of a physically disabled or mentally retarded child.

Due dates for payment of Professional Tax :-

  • Tax of Rs. 2500/- for a year (PTEC).

  • For the persons holding Enrollment Certificate – 30th June.

  • For any delay in the same, interest @ 1.25% per month will be charged.

Professional Tax Penalties:-

  • Delays in obtaining Enrollment or Registration Certificate – Penalty of Rs. 2/= (Rupees Two) per Day.

  • Providing false information regarding enrollment – Penalty of 3 times tax amount.

  • Non-payment of profession tax – Penalty equal to 10% of the amount of tax can be imposed.

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