Prof Tax Return

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20 July 2011 I want to know latest professional tax return filing periodicity in Maharashtra

U S Sharma

U S Sharma (Expert)
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20 July 2011 11. Returns and payment of tax by employers:-

(1) Every employee registered under the Act, shall pay the amount of tax due from him according to the return on or before the date prescribed for filing of such return.

(2) The return shall be in Form III. Such form shall be obtained from the prescribed authority. The registered employer shall furnish the same, duly filled in and signed by him or by a person authorised by him in this behalf, to?

(i)the treasury while making payment of the tax, interest or penalty due as per the return; and

(ii)the prescribed authority in any other case.

(3) Every registered employer whose tax liability during the previous year or a part thereof?

(a)is less than Rs. 5,000 shall furnish an annual return on or before the 31st of March, of the year to which the return relates. Such return shall contain the details of the salaries and wages and the arrears, if any, paid and the amount of tax deducted by him in respect of the twelve months comprising of the month of March of the immediately preceding year and the eleven months from April to February of the year to which the return relates and the arrears, in respect of wages and salaries, if any, for any period prior to the said twelve months paid in such year;

(b)is Rs. 5,000 or more but less than Rs. 20,000 shall furnish quarterly return on or before the last date in respect of the quarter to which the return relates. Such return shall contain the details of the salaries and wages and the arrears, if any, paid and the amount of tax deducted by him in respect of the three months immediately preceding that last month of the quarter to which the return relates as shown in the table below and the arrears in respect of wages and salaries, if any, paid for any period preceding such three months.

TABLE

Quarter ending on.
Months in respect of which
Salary/Wages, etc. are paid
and the amount of tax
deducted.
Due date for
filing the
return.
?30th June
March to May
30th June
30th September
June to August
30th September
31st December
September to November
31st December
31st March
December to February
31st March
(c)is Rs. 20,000 or more, shall furnish a monthly return on or before the last date of the month to which the return relates. Such return shall contain the details of the salaries and wages and the arrears, if any, paid and the amount of tax deducted by him in respect of the month immediately preceding the month to which the return relates and the arrears, if any, for any period preceding such month.

U S Sharma

U S Sharma (Expert)
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20 July 2011 http://www.mahavat.gov.in/Mahavat/GetDataAction?option=Profession%20Tax%20Act#

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