Today we discuss on the PTRC Registration in Maharashtra. It is commonly known as PTRC. Meaning of PTRC, person liable to deduct PTRC,how to apply for PTRC, Penalty for failure to apply for PTRC, Slab rate of PTRC in Maharashtra.
Who is liable to apply for PTRC Registration in Maharashtra ?
This certificate is to be obtain by every person who is an employer (other than Government Officer) and liable to deduct & deposit Professional Tax on behalf of an employee.
When to Apply for PTRC Registration in Maharashtra?
An Employer has to apply for PTRC certificate within Thirty days from the date he is liable to deduct Professional tax on behalf of employees. He has to apply to the Prescribed authority within a prescribed time with a prescribed application.
Procedure for PTRC Registration in Maharashtra?
An person can filed the online application on PTRC and submit the documents required to the department.
What are the consequences in failure to apply for the PTRC certificate within the time limit in in Maharashtra?
An Employer who is liable to apply for the registration certificate failed to apply for the same within the time required then the Authorised department may levy a Penalty of Rs. Five 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 PTRC certificate in in Maharashtra?
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.
How to pay PTRC payments?
An PTRC holder can pay the payments online and offline. for online payment visit here Gras and for offline payments visit the bank accepting payments and submit the challan.
Slab Rate for PTRC in Maharashtra in financial year 2014-15
Professional tax is not deducted of all the employees it is deducted only if salary of an employee cross the specified limit. The professional Tax slab rates are not constant. The professional Tax slab for financial year 2014-15 & so on are as follows:
Slab Rate up to 30 June,2014
| Monthly Salary | Professional Tax Deducted |
| Less Than Rs. 5,000/- | Nil |
| Exceeds or equal Rs. 5,000/- but do not exceeds Rs. 9,999/- | Rs. 175 per month |
| Exceeds or equal Rs. 10,000/- | Rs. 200 per month except the month of Feb. For Feb Month it is Rs. 300. The total Do not exceed Rs. 2,500 P.a. |
Slab Rate after 30 June,2014
| Monthly Salary | Professional Tax Deducted |
| Less Than Rs. 7,500/- | Nil |
| Exceeds or equal Rs. 7,500/- but do not exceeds Rs. 9,999/- | Rs. 175 per month |
| Exceeds or equal Rs. 10,000/- | Rs. 200 per month except the month of Feb. For Feb Month it is Rs. 300. The total Do not exceed Rs. 2,500 Per annuam. |
What is the due date PTRC Payment & Filing of PTRC Return for PTRC holders?
The due date of payment & filing of return date remain same. Before filing the return first you have to make the payment for the same. The Due date depends upon the tax liability.
If Tax liability during the Previous year is less than Rs. 50,000/-:
Then return should be filed yearly. The due date of Payment & return filing date is 31st March of the financial year to which return relates.
If Tax liability during the previous year is Rs. 50,000/- or more:
Then return should be filed monthly. The due date of payment & return filing date is last date of the month to which return relates.
What is the Penalty for Non Payment of Professional Tax by PTRC holder?
If an enrolled person or registered employer fails to make the payment of tax within the prescribed time or a date which is specified in demand notice without reasonable or proper cause, the Prescribed authority may levy a penalty equal to 10%, of the amount of tax due after giving an opportunity of being heard.
