Professional Tax in Maharashtra: What It Is & How to Pay It Online?

Introduction

The MahaGST website makes it simple to pay professional tax in Maharashtra. In fact, for those who pay on a monthly basis, e-payment is required. If your tax liability for the year exceeds Rs. 50,000, you must pay and file returns on a monthly basis. This must be completed by the end of the following month. If your liability is less than Rs. 50,000, you can defer payment and file returns until the end of the financial year in March. This article focuses on “How to pay Professional Tax Online in Maharashtra?” But before going through the process let’s have a quick look at “What is Professional Tax in Maharashtra?”

What is Professional Tax in Maharashtra?

The Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975, governs the professional taxation in Maharashtra.

Individuals and organizations such as Companies, Sole Proprietorships, Partnership Firms, Societies, Associations of Persons,  Hindu Undivided Families (HUF), and other corporate bodies are subject to Professional Tax.

Suggested read: What is a Professional Tax? And Who is eligible to pay Professional Tax?

Things to Consider When Filing Professional Tax Maharashtra

• Due Dates

1. The last day of profession tax payment for entities enlisting before the beginning of the year or getting enrolled before the 31st of May of the financial year is the 30th of June of that year.

2. Entities that enlist after the 31st of May of the year are required to pay the profession tax within one month of the enrolment date.

• Penalties

1. Any legally accountable entity that fails to enroll in the profession tax submits false or erroneous information, or fails to pay the profession tax is subject to a penalty determined by the assessing officer under the Maharashtra Profession, Callings, Trades, and Employments Act, 1975.

2. According to the statute, if an employer fails or delays in paying the profession tax, he is liable to pay simple interest at a rate of 2% per month on the tax due.

• Rebates

1. Senior citizens over 65 are excused from paying Profession Tax.

2. In Maharashtra, handicapped people with more than 40% disability, as well as parents of intellectually retarded or physically impaired children, are excused from paying the Profession Tax.

Documents Required for E Payment of Professional Tax Maharashtra

• Aadhar Card Information

• Passport Sized Photograph

• Utility Bills

• PAN Card

• Information related to the Business

• Mobile and Email ID of Individual

• Information on EMployees at the Workplace

• Canceled Cheque

• Date of incorporation of a Business

• Photo Signature of a Taxpayer

How to pay Professional Tax online in Maharashtra?

1. If you need to pay for a Professional Tax Registration Certificate (PTRC), go to the MahaGST website and click on the e-payment link.

2. If you need to pay for a Professional Tax Enrolment Certificate (PTEC), go to the MahaGST website and click on the Ptec e-payment link.

3. Select e-payment after logging in with your TIN number.

4. A MTR Form No. 6 Challan must be displayed. By default, it will include the TIN and the dealer’s name.

5. Choose the type of e-payment (PTEC, PTRC, etc. ), the payment period, the amount being paid, and the location under which you are registered. Remember that in order for the form to be accepted, each field must be filled out.

6. PTEC holders should pay their taxes using Form ID ‘VIII’. Select ‘Other’ and the relevant remark from the adjacent drop-down box for everyone else.

7. After submitting the form, the Government Request Number, or GRN, will be produced. Complete the transaction by clicking Pay.

8. Keep the payment receipt because it serves as proof of payment to the government.

FAQs on the Maharashtra Professional Tax online Payment

1. Is it necessary for me to be there in person for Maharashtra Professional Tax Registration?

No, the entire procedure of registering for professional taxes in Maharashtra is done online. It would not be necessary for the applicant to be there in person.

2. How can I file a revised Professional Tax Return?

If there has been an omission or an incorrect statement made, an amended professional tax return can be filed in Maharashtra. A revised return, on the other hand, can be filed before a notice of assessment is issued or before the six-month period following the end of the year in which the professional tax return was due has expired.

3. In Maharashtra, who is the main regulatory authority for Professional Tax?

The Maharashtra State Tax on Professions, Trades, Callings, and Employment Act, 1976 is the main act that governs professional tax in Maharashtra. All entities, persons, and corporations incorporated in Maharashtra would be required to pay professional tax according to the state’s requirements.

4. What is the difference between enrolment and registration?

Registration is the process by which an applicant obtains Professional Tax Registration in Maharashtra. Enrolment is the process of obtaining a certificate of enrolment for new Professional Tax Registration.

Conclusion

In Maharashtra, salaried people, self-employed, and businesses must pay Profession Tax on their earnings. The state government sets the rates for Profession Tax slabs, with a maximum of Rs. 2500 per year. If you are a salaried employee, the Profession Tax will be deducted automatically from your pay, and the employer will pay the total tax. Non-salaried individuals, on the other hand, can pay it online.

The Maharashtra Profession Act (1975) provides for the imposition of a penalty if a liable entity fails to pay the Profession Tax. To pay the Profession Tax, however, one must get an Enrolment Certificate first after that an entity is eligible for the Professional Tax Payment online in Maharashtra.