Professional Tax

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    Dir. SAMIR BISWAS New Member

    Dear All

    Please clarify me, whether there is any fine/penalty on late payment of Professional Tax for Directors of Company and Company vice versa ?

    Our one of the client have not paid professional tax for the financial year 2013-14, 2014-15 & 2015-16.

    Therefore, please suggest, what to do ?
  2. Viraj Vyawahare

    Viraj Vyawahare New Member

    For State of Maharashtra, late payment of PT attracts interest @ 1.25% p.m. State may also impose a penalty of 10% of the total amount due.

    Other penalties which may apply are -
    • Delays in obtaining Enrollment or Registration Certificate – Penalty of Rs. 2/= (Rupees Two) per Day.
    • Providing false information regarding enrollment – Penalty of 3 times tax amount
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