Today we discuss Professional Tax Enrollment Certificate in Maharashtra it is commonly known as PTEC in Maharashtra. in this blog we will discuss who will liable to apply for PTEC, how to apply for PTEC, Due date of PTEC payments and any PTEC return to be filed or not.
Who is liable to apply for Professional Tax Enrollment Certificate in Maharashtra?
This certificate is to be obtain by every person who is liable to pay tax under this act (other than salary or wages earners in respect of whom tax is paid by employer). The list of person who is liable to pay tax is given under this Act.
When to Apply for Professional Tax Enrollment Certificate in Maharashtra?
A Person has to apply for PTEC certificate within Thirty days from the date he is liable to pay Professional tax. He has to apply with a prescribed application to the Prescribed authority within a prescribed time.
What are the consequences in failure to apply for the PTEC certificate within the time limit?
An Employer who is liable to apply for the enrolment certificate failed to apply for the same within the time required then the Authorised department may levy a Penalty of Rs. Two for each day of delay after giving an opportunity of being heard
What are the consequences of providing false information at the time of application for registration for PTEC certificate?
The prescribed authority may after giving him a reasonable opportunity of being heard, imposes a penalty equal to three times the tax payable under this act.
Due date of Payment for Professional Tax Enrollment fee
The Tax due from Enrolled person for each year should be payable as follows:
In respect of Person who is enrolled before commencement of year or enrolled on or before the 31st May: Tax is to be paid befor 30th June or such later date as the Commissioner may by notification in the Official Gazette, specify in respect of that year.
In respect of Person who is enrolled after 31st May: Tax is to be paid within one month of the date of enrollment.
In respect of Person whose rate of Tax is revised: Tax is to be paid within one month of the date of revision.
Is there any lump sum payment scheme for PTEC holder persons?
Yes, there is a lump sum payment scheme for enrolled persons. The person who is required to pay Rs. 2,500/ per year have an option to have Rs. 10,000/- for five years. In between such period if there is any change in the tax rate then there is no effect of the same on Tax already paid.
Online Payment of PTEC
An PTEC payment can be done online by visit on the website GRAS and click on the PTEC button and mentioned your PTEC number allocated to you and pay the payments. If you forgot the PTEC number click on know your TIN and mentioned your name to find the TIN number.
Due date of filling PTEC return
No returns are filling for PTEC holders. Only Tax is to be paid.
Penalty for Non Payment of Professional Tax by PTEC holder
If an enrolled person fails to make the payment of tax within the due date the professional tax authority may levied a penalty equal to 10%, of the amount of tax due after giving an opportunity of being heard.
Slab Rate of Professional Tax Enrollment Certificate in Maharashtra
The Professional Tax for Person other than employees can’t exceeds Rs. 2,500/- Per Annuam. The Professional Tax amount differs from person to person. Every person other than Partnership firm or HUF are liable to pay Professional tax if they are doing any business, profession, trade, calling or employment in the state of Maharashtra. The Slab for each category of person is announced by notification or circulars.
|Sr. No.||Class of Persons||Rate of Tax|
|(a) Medical Practitioners like doctors, including Medical Consultants and Dentists;||Rs. 2500 per Year|
|(b) Legal Practitioners like lawyers including Solicitor and Notaries;||Rs. 2500 per Year|
|(c)Chief Agents, Insurance Agents, Principal Agents, and Surveyors and Loss Assessors registered or licensed under the Insurance Act, 1938, N.S.S. agents under postal Scheme, U.T.I. Agents under U.T.I. Scheme,;||Rs. 2500 per Year|
|(d) Professional and Technical Consultants, including Chartered Accountants, Architects, Engineers, Tax Consultants, R.C.C. Consultants, Actuaries and Management Consultants;||Rs. 2500 per Year|
|(e)All types of Contractors (other than building contractors covered by any other entry elsewhere in this Schedule); and||Rs. 2500 per Year|
|(f)Commission Agents, brokers and dalals (other than estate brokers covered by any other entry elsewhere in this Schedule);||Rs. 2500 per Year|
|(g)Diamond polishers and diamond dressers; having not less than one year’s standing in the profession.||Rs. 2500 per Year|
|(h) Members of Association recognised under the Forward Contracts (Regulations) Act, 1952||Rs. 2500 per Year|
|(i) (i) Member of Stock Exchanges recognised under the Security Contracts (Regulation) Act, 1956;||Rs. 2500 per Year|
|(i) (ii) Remisiers recognised by the Stock Exchange;||Rs. 2500 per Year|
|(j) Building Contractors;||Rs. 2500 per Year|
|(k) Brokers, Estate Agents or Plumbers, having not less than one year’s standing in the profession.||Rs. 2500 per Year|
|Directors (other than those nominated by Government) of Companies registered under the Companies Act, 1956, and Banking Companies as defined in the Banking Regulation Act, 1949,Explanation : The term ‘Directors’ for the purpose of this entry will not include the persons who are Directors of the companies whose registered offices are situated outside the State of Maharashtra and who are not residing in the State of Maharashtra.||Rs. 2500 per Year|
|(a) Bookmakers and Trainers licensed by the Royal Western India Turf Club Limited;||Rs. 2500 per Year|
|(b) Jockeys licensed by the said Club||Rs. 2500 per Year|
|Self-employed persons in the Motion Picture Industry, Theatre, Orchestra, Television, Modelling or Advertising Industries, as follows:|
|(a) Writers, Actors, Lyricists, Directors, and Actresses (excluding Junior Artists), Musicians, Play-back Singers, Editors, Cameramen, Recordist, and Still-Photographers,||Rs. 2500 per Year|
|(b) Junior Artists, Assistant Directors, Production Managers, Assistant Editors, Assistant Recordists and Dancers.||Rs. 1000 per Year|
|Dealers registered under the Maharashtra Value Added Tax (MVAT) Act, 2002, or Dealers registered only under the Central Sales Tax (CST) Act, 1956, whose annual turnover of sales or purchases,-|
|(i) is rupees 25 lakh or less||Rs. 2000 per Year|
|(ii) exceeds rupees 25 lakh||Rs. 2500 per Year|
|Occupiers of Factories as defined in the Factories Act, 1948, who are not covered by entry 8 above||Rs. 2500 per Year|
|(1)(A) Employers of establishments as specified in the Bombay Shops and Establishment Act, 1948, where their establishments are situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 – Such employers of establishments,-|
|(a) where no employee is employed||Rs. 1000 per Year|
|(b) where not exceeding two employees are employed||Rs. 2000 per Year|
|(c) where more than two employees are employed||Rs. 2500 per Year|
|(B) Employers of establishments as specified in the Bombay Shops and Establishments Act, 1948, where their establishments are not situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 –Such employers of establishment,-|
|(a) where no employee is employed||Rs. 500 per Year|
|(b) where not exceeding two employees are employed,||Rs. 1000 per Year|
|(c) where more than two employees are employed||Rs. 2500 per Year|
|(2) Persons owning / running Cyber Cafes, STD / ISD booths or, other than those run or owned by Government or by physically handicapped persons;||Rs. 1000 per Year|
|(3) Conductors of Video or Audio Cassette Libraries, Video or Audio Parlours, , Video Game Parlours;||Rs. 2500 per Year|
|(4) Cable Operators, Film Distributors;||Rs. 2500 per Year|
|(5) Persons owning / running conference halls, marriage halls, pool parlours, beauty parlours, health centres;||Rs. 2500 per Year|
|(6) Persons running / conducting coaching classes of all types||Rs. 2500 per Year|
|Owners or Lessees of Petrol / Diesel / Oil Pumps and Service Stations / Garages and Workshops of Automobiles||Rs. 2500 per Year|
|Licensed Foreign Liquor Vendors and employers of Residential Hotels and Theatres as defined in the Bombay Shops and Establishments Act, 1948.||Rs. 2500 per Year|
|Holders of permits for Transport Vehicles granted under the Motor Vehicles Act, 1988, which are used or adopted to be used for reward or hire, where any such person holds License or permits for,-|
|(a) three wheeler goods vehicles, for each such vehicle||Rs. 750 per Year|
|(b) any taxi, passenger car, for each such vehicle||Rs. 1000 per Year|
|(c) (i) goods vehicles other than those covered by (a)||Rs. 1500 per Year|
|(c) (ii) trucks or buses||Rs. 1500 per Year|
|for each such vehicle :Provided that the total tax payable by a holder under this entry shall not exceed rupees 2,500 per year.|
|Money lenders licensed under the Bombay Money-lender Act, 1946||Rs. 2500 per Year|
|Individuals or Institutions conducting Chit-Funds||Rs. 2500 per Year|
|Co-operative Societies registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960 and engaged in any profession, calling or trade –|
|(i) State level Societies||Rs. 2500 per Year|
|(ii) Co-operative sugar factories and spinning Mills||Rs. 2500 per Year|
|(iii) District level Societies||Rs. 750 per Year|
|(iv) Handloom weavers co- operative societies||Rs. 500 per Year|
|(v) All other co-operative societies not covered by clauses (i), (ii),(iii) and (iv) above.||Rs. 750 per Year|
|Companies registered under the Companies Act, 1956 and engaged in any profession, calling or trade.||Rs. 2500 per Year|
|Each Partner of a firm (whether registered or not under the Indian Partnership Act, 1932) engaged in any profession, calling or calling.||Rs. 2500 per Year|
|Each Co-parcener (not being a minor) of a HUF (Hindu undivided family, which is engaged in any profession, trade or calling.||Rs. 2500 per Year|
|Persons other than those mentioned in any of the preceding entries who are engaged in any profession, calling, trade or employment and in respect of whom anotification is issued under the second proviso to sub-section (2) of section 3||Rs. 2500 per Year|