Details

Profession Tax (PT) is a state-specific tax levied on salaried employees, professionals, and business entities. In Maharashtra and several other states, employers are required to deduct PT from employee salaries and deposit it with the state government. R V K & Associates provides end-to-end support in profession tax registration and return filing, ensuring timely compliance under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.

Types of Profession Tax Registration:

• PTRC (Professional Tax Registration Certificate): Required by employers for deducting and remitting tax on salaries paid to employees.

• PTEC (Professional Tax Enrollment Certificate): Applicable to professionals, business owners, directors, and partners for payment of tax on their own earnings.

Our Profession Tax Services Include:

1. Registration Services:

• Assessment of registration requirements based on business nature and employee strength

• Application for PTRC and/or PTEC through the Maharashtra GST portal

• Document preparation and submission

• Follow-up and communication with the Profession Tax Department

2. Monthly/Annual Return Filing:

• Monthly return filing for PTRC if employee strength exceeds threshold

• Annual return filing where eligible

• Computation of tax liability and preparation of challans

• Filing returns within the prescribed due dates

3. Payment Assistance:

• Calculation of due taxes under PTEC and PTRC

• Challan generation and online payment assistance

• Ensuring accurate mapping of payments to correct registration numbers

4. Compliance Monitoring and Advisory:

• Monitoring of due dates and changes in profession tax rules

• Advice on applicability of exemptions and thresholds

• Maintenance of compliance records for inspection/audit purposes

5. Rectification and Amendments:

• Filing of revised returns, if required

• Correction of registration details through amendment requests

• Resolution of notices and queries from the department

Regulatory Compliance:

• Adherence to the Maharashtra Profession Tax Act and Rules

• Filing through the official Mahagst.gov.in portal

• Secure handling of login credentials and employee data