Payroll Updates Professional Tax

Professional Tax rule Amendment 2019 to 11(3) and 28(1).

Government of Maharashtra vide notification no PFT-2019/C.R.8/Taxation-3 has amended rule 11(3) and rule 28(1) of of the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975. The major changes have been towards the returns and payment of tax by employers in certain cases, the tax liability limit for certain people towards the submission of returns has been increased from the existing Rs.50,000 to Rs.100,000. For more detailed information please refer the notification attached for reference.\

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Sr. No

Periodicity

Tax Liability during
previous year – (Old)

Due Date for payment and e-return
filling

Tax Liability during
previous year – As per new Amendment (06-06-19)

1

Yearly

Tax Liability is less than Rs 50,000/-

31st March of the Financial Year to which the return relates

Tax Liability is less than Rs 100,000/-

2

Monthly

Tax Liability is equal to or more than Rs 50,000/-

The last date of the month to which the return relates

Tax Liability is equal to or more than Rs 100,000/-

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