Penalties Imposed in Case of Violation of Professional Tax Regulation

The individual who defaults in the timely payment of the professional tax would be liable for a penalty by the state government if the concerned person has not registered for the professional tax even after it has become applicable. The penalty varies from state to state. The penalty shall be levied in the following cases.

Failure to Obtain Registration

Here, the defaulter will be liable for the penalty for the period during which he remains unregistered.

Late Deposition

Here, the penalty shall be levied due to a delay in depositing the required amount to the government.

Non-Deposition Of Amount

If a person fails to deposit the requisite amount it can be recovered by the officials together with Interest from the assets of such defaulter and applicable penalty. Moreover, they have the power to attach his bank account also. In severe cases, prosecution cases also can be filed.

Further, the penalty can be levied for failing to initiate any payment within the due date and failing to file the return within the specified due date.

• A penalty of Rs 5/- per day is applicable for the late obtainment of the registration certificate.
• The penalty will be 10% of the amount of tax, where there is non/late payment of professional tax.
• In case of late filing of returns, the individual will be liable to pay Rs 1000, and if there is a delay which exceeds one month, the penalty would be Rs 1000.

Persons Accountable to Collect and Pay Professional Tax

Professional tax is a tax that must be paid by every individual who earns income; however, The calculation of the professional tax and the amount which needs to be collected varies from state to state. The slab rate for the payment and collection of tax is predetermined by every state. The tax is collected by the Commercial Tax department of the respective state either monthly or annually through the PTEC or PTRC Certificate. However, the maximum amount is Rs. 2500 per year

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Our clients can also track the progress at all times on our platform. If you have any questions about the TDS Return Filing, our experienced representatives are just a phone call away. Canjain will ensure that your communication with professionals is charming and seamless.

Canjain Assistance in Professional Tax Registration

• Purchase a Plan for Expert Assistance
• Add Queries Regarding Professional Tax Registration
• Provide Documents to Canjain Expert
• Prepare Application for Professional Tax Registration. Complete all Admissibility Criteria for Preliminary Screening
• Complete Procedural Actions
• Get your professional Tax Registration done at your Door Step!

The elementary information would be mandatory from your end to start the process. The Attorney will begin working on your request once all the information is provided and the payment is received.