Profession tax for company

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2012 Can you please let me know what are the Interest/penalty applicable for late payment of Profession tax of company?

for Maharashtra

21 June 2012 It is state levy. plz tell me which state you belong to???

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2012 for Maharashtra Mumbai


21 June 2012 1. The rate of interest is one and quarter percent per month of the amount of such belatedly paid tax

2.The penalty prescribed as per section 5(6) for giving false information in application for Registration Certificate or Enrolment Certificate is equal to three times the tax payable under the Profession Tax Act



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