Maharashtra Professional Tax Payment and Return

Maharashtra Professional Tax Payment and Return

E-payment and E-return are mandatory nowadays. Every employer, either under the PTEC or PTRC, must pay the amount of tax along with filling up the tax return form within the mentioned period.

For Maharastra, Payment can be made online either through the Mahavat portal or GRAS. In the case of an e-return, employers can file the return form with all details and submit it through the Mahavat portal. 

Some essential information that must be known to all is,

• If an employer’s tax liability is less than Rs.5000, he must plan for an annual return on or before the 31 March of the year to which the return relates. 

• If an employer’s tax liability is between Rs.5,000/ and Rs.20,000/- he should make a plan for a quarterly return on or before the last date of the following mentioned quarters.

• 1st quarter is between April to June, and e-payment and e-return should be within 30 June.
• 1st quarter is between July to September, and e-payment and e-return should be within 30 September.
• 1st quarter is between October to December, and e-payment and e-return should be within 30 December.
• 1st quarter is between January to March, and e-payment and e-return should be within 30 March.

• If an employer’s tax liability is s Rs.20,000/- or more, he should plan a monthly return within 30 days of the mentioned month.   

For the first year, any employer registered under this act can furnish a quarterly return for that year and achieve a Registration Certificate for the same.