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)
|
Sr. No
|
Class of
enrolled person
|
Due Date
|
|
1
|
Person who stands enrolled before
the commencement of a year or is enrolled on
or before 31st May of a year.
|
30th June of that year
|
|
2
|
Person who is enrolled after the
31st
May of a year.
|
Within one month of the date of
enrollment.
|
|
3
|
Person who is enrolled and the
rate of tax at which he is liable to pay tax is revised.
|
Within one month of the date of
such revision.
|
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.)
|
Sr.No
|
Tax
Liability during previous year
|
Tax Liability during
previous year
|
Due
Date for payment and e-return
filling
|
|
1
|
Yearly
|
Tax Liability is less than Rs 50,000/-
|
31st March of the Financial Year to which the return
relates
|
|
2
|
Monthly
|
Tax Liability is equal to or more than Rs 50,000/-
|
The last date of the month to which the
return relates
|
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