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What Is the Due Date for Payment of Professional Tax?

The current TDS (Tax Deducted at Source) and TCS (Tax Collection at Source) rates have been reduced by 25% as part of the recent economic booster dose announced by FM Nirmala Sitharaman. Professional fees will also be charged at this reduced rate. Let us know more about Due Dates For Profession Tax Payment

All business owners must know the final dates for payment of annual professional taxes in their respective states. At the same time, they should be aware of the professional tax slabs in their state. They might have to pay additional sums of money if they surpass the professional tax payment due date. Let us see more about the due dates for professional tax payment and professional tax meaning.

In this blog, let us see the due date for payment of professional tax of employee, professional tax payment due date in Maharashtra, professional tax due date in Tamil Nadu, PT payment due date in Kolkata, and professional tax payment due date in Karnataka.

Profession tax is levied at the state level (but not all states) on all workers. This includes the salaried, whether working in government or non-government entities, the self-employed and professionals, including Chartered Accountants, Doctors, and Lawyers. This tax has existed since the 1970s, and states have conferred the power of levelling the Tax under Clause (2) of Article 276. The rate at which Profession tax is charged is based on income slabs set by the respective state governments. However, the maximum Professional Tax that any state can levy in a year is ₹2500. This is a tax deduction amount. Professional tax is a source of revenue for state governments, helping implement schemes for the welfare and development of the region.

Professional Tax Payment Due Date of payment in Maharashtra

  1.  In the case of tax liability of less than ₹50,000 in the previous year, the due date for payment of professional tax (PT) is 31 March. 
  2. 2. In the case of tax liability of more than ₹50,000 per month, the due date is the last day of the month for which the return is filed. 
  3. 3. In case it is the first year of registration, the due date for payment of professional tax (PT) is the last day of the month for which the return is being filed.

Profession (PT) Tax Due Date of Payment in Tamil Nadu

Every person who is liable to pay professional tax should file their return by 31st December for the entire year. This is extendable by one month.

Professional Tax Due Date of Payment in Karnataka

Every person who is liable to pay professional tax should file their returns by the 15th of the next month for which you should file the return.

Professional Tax Due Date of Payment in Kolkata

The return period is quarterly for registered employers with annual tax liability up to ₹3000. Such employers shall furnish the quarterly return within 30 days of the expiry of each quarter and pay tax before filing such return. Other employers with annual tax liability exceeding ₹3000 shall furnish quarterly returns within 30 days of the expiry of each quarter and make a monthly tax payment within 21 days of the next month in respect of the first two months of each quarter.

In India, Professional Tax Payment Due Dates are listed by state,

S No State Periodicity Professional Tax Payment Due Date
1 Andhra Pradesh Monthly It is always the 10th of the month
2 Assam Monthly Usually on the 28th of each month
3 Bihar Yearly The 30th of November is always the same
4 Gujarath Monthly On the 15th of each month
5 Jharkhand Yearly Every year on October 31st
6 Karnataka Monthly Every month on the 20th
7 Kerala Half Yearly 28th of February and 31st of August
8 Madhya Pradesh Monthly Every 10th of the month
9 Maharashtra Monthly On the last day of every month
10 Manipur Yearly Taking place on the 30th of March
11 Meghalaya Monthly Every 28th of the month
12 Odisha Monthly On the last day of every month
13 Mizoram Yearly On June 30th
14 Puducherry Half Yearly The 30th of June and the 31st of December
15 Sikkim Quarterly The 31st of July, the 31st of October, the 31st of January, and the 30th of April
16 Tamil Nadu Half Yearly On the 30th of September and the 31st of March
17 Telangana Monthly Every 10th of the month
18 West Bengal Monthly Every 21st of the month

Conclusion

As we have provided the information, every state has its own set of due dates for paying professional taxes. All people required to pay professional taxes must pay the tax before the due date for payment. 

There is a possibility of fines being issued to the person liable for the payment if the payment is not made on time. Legal action can also be taken against the person liable for the payment. If you still have any doubts or feedback, Please leave us your comment below.

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