Profession tax

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himanshu vyas

himanshu vyas (Querist)
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10 October 2012 is there any penalty for late filling of pt return and payment.

Hemant Kumar

Hemant Kumar (Expert)
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11 October 2012 1) Penalty for "late filling of returns" by Employer [Sec. 6(3)]
The authority may impose penalty of ` 300 per return.

2) Penalty for "Non-payment or late payment of tax." by Enrollee/Employer (Sec. 10)
The authority may impose a penalty equal to 10% of the tax due.

3) Interest on late payment of tax. (Sec. 9)
The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m.

Make sure that even one day late payment attracts interest for whole month.

himanshu vyas

himanshu vyas (Querist)
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11 October 2012 may impose penalty???? is it not compulsory? should i pay it myself or wait for an notice?
pt for june paid on 10.10.2012? what is amt of interest? pls show calculation also.

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