PTRC return – Annual Filing
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
This service is for filing Professional Tax return in regards to professional tax deducted for employees within the state of Maharashtra.
If the Professional tax Liability is less than Rs 100,000 p.a then the return has to be filed annually.
In the first year of registration PT return i.e. Professional Tax return has to be filed monthly.
- Checking eligibility for PT deduction
- Determination of PT liability
- Filing of Return
- Login details
- Copy of PTRC registration Certificate
- Copy of all monthly Challan
What are the different types of Profession Tax payers?
There are 2 types of Profession Tax payers :
a) Profession Tax Enrollment Certificate (PTEC) : Any person engaged in Profession, Trade and Callings and falling under one or the other of the classes mentioned in the second column of Schedule I shall obtained PTEC.
b) Profession Tax Registration Certificate (PTRC) : Every employer who has employed even a single employee whose salary is above the prescribed limit for deducting Profession Tax shall obtain PTRC.
What will happen if I don’t file PT return?
Late filing of professional tax return will attract a penalty of Rs. 1,000. A penalty of 10% will apply in case of late payment of professional tax dues. Additionally, an interest on late payment can be levied at up to 1.25% per month.
What are the due dates for making payments of PTRC?
Due date for making payment is the last date of the month to which the return relates.
What is the maximum amount that can be deducted ?
Maximum amount that can be deducted is Rs.2,500/-.
Can I get any deduction benefit of paying PT if Income tax?
Total amount of Professional Tax paid during the year is allowed as deduction under the Income Tax Act.
How do I know that PTRC Tax Identification Number (TIN) has been allotted to me?
A mail will be sent on registered mail-ID containing digitally signed PTRC immediately after granting TINs.
The user can check the same by entering his PAN at "RC Download" in "Others Acts Registration".
He can download the Registration/Enrollment certificate by clicking 'Print / Preview' button.
Extremely delightful for the services provided by you, thanks a lot in filling my return in short time.
Must take a moment to recognise and appreciate Yash who was managing my papers . He is a diligent and patient guy but on the same hand also persuasive . Appreciate these traits . Wish him all the best .
I used to previously file my ITR through a professional, but I never understood why am I paying interest in my ITR even though I had filed my returns before due date. So, I went to AJVA for Tax Consultation they explained to me why I am paying interest and guided me on the Advance Tax concept and now I give them the required estimation of income and pay advance tax. It has helped me save a lot of money and avoid interest.
I wished to file my ITR at minimal cost, so I was convinced to file it by myself. During filing I came across a lot of queries but ignored it as didn’t seem much important. However, I received a notice from IT department as I had filed a defective return. To resolve this, I contacted AJVA, they not only resolved the issue but also guided me on how to file and where I went wrong.
I run an MSME but I was unaware what is the importance of Udyam Registration Certificate and the process, after consulting AJVA I learned that it is an identity certificate which is mandatory for all MSME’s for recognition. Thankfully I registered as a MSME in time with the help of AJVA and appreciate the co-ordination from the AJVA team.
I had started a new business but I had a lot of queries on how to Incorporate a company, where to apply, what documents are required and lot of other questions. The procedure was complicated and a time taking activity, I was hesitant to hire a professional for the incorporation process. Thankfully I found AJVA and they handled the entire Incorporation process and helped me complete the same in a timely manner.
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