i) If Tax Liability less than Rs.5,000/- during the previous year or part thereof => Annual Return on or before 31st of March of the year to which the return relates.
ii) Rs.5,000 or more but less than Rs.20,000/- => Quarterly Return and Due Date for Quarterly Return is 30th June, 30th Sept., 31st December, & 31st March.
iii) Rs.20,000 or more => Monthly return on or before the last day of the month to which the return relates.
- E-Return for Profession Tax is compulsory for those firm or company having Profession Tx Liability more than Rs. 20,000/-.
- For Profession Tax Payment Use MTR-6 CHALLAN.
I am reading the subject of income tax as per my syllabus but I need to read about the amendments to keep my knowledge up to date and blogs like this are really helpful.Thanks
ReplyDelete