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Refund of professional tax in itr 1

Rohit Sonare (Accountant) (79 Points)

25 May 2015

i paid income tax for fy 14-15 without including deduction of professional tax. how to claim paid professional tax for income tax refund in itr1. itr 1 has to submit before 31st july. in which field of itr1 i can show pt deduction.

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16 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 25 May 2015

What you show as income from salary in ITR-1 is after deduction of PT. So what u can do is to revise the return to show less income [as reduced by PT u/s 16(iii)] and claim refund to that extent.

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Rohit Sonare (Accountant) (79 Points)
Replied 26 May 2015

can i claim for refund if pt is deducted in fy 2015-16.

CMA Poornima Madhava (CMA) (13112 Points)
Replied 26 May 2015

Oh in that case, you cannot claim deduction in FY 15. PT can be claimed as deduction u/s 16(iii) to the extent it is paid in a FY irrespective of the period for which it is paid. So in this case, you can claim this deduction for next year.

1 Like

Rohit Sonare (Accountant) (79 Points)
Replied 26 May 2015

I would like to know more:

1- can i pay professional tax through cheque? if yes, what is written in "favour of" field.

2- can we claim for refund if we paid PT more than 2500/- a year.(in M.P.) or an employee resigns before receiving salary of 180000/-.

CMA Poornima Madhava (CMA) (13112 Points)
Replied 26 May 2015

Professional tax has to be paid by employer. Why do you want to pay? I think some confusion, what I said is taxable income declared in ITR is after deduction of pt. If income is only 180000 then even if u deduct pt from that, no tax is payable at all in which you can't get any refund. Hope it is clear

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Rohit Sonare (Accountant) (79 Points)
Replied 27 May 2015

Yes, It is clear, thanks

actually i am a fresher accountant and i have to deduct pt of employees in my office.

CMA Poornima Madhava (CMA) (13112 Points)
Replied 27 May 2015

Oh ok, in that case, employer has to pay to the PTO of relevant jurisdiction, refer the regn cert for the same. It can be paid by cheque or even online payment is possible i think (but not sure about MP)

1 Like

Aashish Agarwal (Business - Proprietorship) (17 Points)
Replied 27 December 2015

Respected Subject Matter Experts,

I have recently opened a proprietorship Company in Maharashtra. The Shops & Establishments License was obtained in FY15 whereas the VAT registration was done in FY16. I was told that PT registration is mandatory for VAT registration due to which I applied for PT too.

The tax officer in his certificate of registration for PT, has raised a demand for payment of PT for FY15 (along with tax + interest + penalty), FY16 (along with tax + interest + penalty) and every year henceforth.

My concern is in order to commence operations of my trade, I was required to obtain VAT number. My trade business operations have not even commenced yet. My / said proprietorship company is not having any employees except for me as an owner (without any salary).

In view of above:

1) Should I be required to pay any PT? If not, how should I formulate a reply to the demand notice of the tax officer?

2) Or, can I seek a refund or exemption on income tax to be paid while filing/in my personal income tax return against this PT paid?

Thanking you in advance,

With regards,

Aashish Agarwal.

CMA Poornima Madhava (CMA) (13112 Points)
Replied 28 December 2015

It seems the demand notice that you have received is towards annual renewal charges for PT enrolment. This has to be paid irrespective of the fact whether there are employees are not.
Such charges paid can be claimed as business related expenditure from the income of proprietorship concern

1 Like

Krishna Kumar (2 Points)
Replied 07 October 2017

How i'm Claim my PT

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Prakash Pawar (4 Points)
Replied 01 April 2018

I have working with Ltd company and they are deducted PT from my salary but same time I have working as LIC agent and lic deducted PT from my commission and can I reiumbers this doubled PT

Prakash Pawar (4 Points)
Replied 01 April 2018

Hi if both company deducted PT can I reiumbers the same

sandesh patil (2 Points)
Replied 17 December 2020

Dear SME

I am employee in an organisation, in my salary PT is deducted every month, is this tax is refundable to me.

kinjal adhia (2 Points)
Replied 11 February 2021

Hi I am Fresher Accountant
I want know about Professional tax Deduction .
1.employer has Liability to pay Rs. 75000 yearly pt so return should be filled monthly or annually?
2. Employer deduct pt monthly base so employer has to pay monthly payment or yearly?