Professional Tax Return Filing
Monthly or annual, depending on your state.
Professional tax is a state levy, so both the rate and the filing frequency vary. Maharashtra requires monthly returns above a threshold and annual below it; Karnataka is monthly; West Bengal is monthly with an annual return on top.
There are two liabilities and they are separate. PTEC covers the entity's or the professional's own tax; PTRC covers what the employer deducts from salaries. An employer with staff generally files both.
The constitutional ceiling is ₹2,500 per person per year, but the penalty for late filing is set by each state and interest runs on late payment.
What is included
- State periodicity and slab rates applied
- PTRC returns for employee deductions
- PTEC payment for the entity
- Challans, acknowledgements and the annual return
What we need from you
- PTEC and PTRC registration certificates
- Monthly salary register
- Details of employees by salary slab
- Previous returns and challans
Questions
What is the difference between PTEC and PTRC?
PTEC is the entity's or professional's own professional tax liability. PTRC is the registration that lets an employer deduct professional tax from employees' salaries and pay it over. An employer with staff usually needs both.
Also in Compliance & payroll
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