What is PTRC?

A Professional Tax Registration Certificate (PTRC) is mandatory for employers in states like Maharashtra where professional tax is applicable. It authorizes employers to deduct professional tax from their employees' salaries and remit it to the government.

Who Needs PTRC Registration?

Every business employing individuals and paying salaries in states where professional tax is levied must obtain a PTRC. These include:

 

Companies (Private Limited, Public Limited)

 

Partnership Firms and LLPs

 

Sole Proprietors with employees

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Benefits of PTRC Registration with BizMantra
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1. Avoid Penalties: Timely registration helps prevent hefty fines.

 

2. Legal Compliance: Ensures your business operates within state tax laws.

 

3. Employee Trust: Transparent tax deduction builds employee confidence.

 

4. Expert Support: Comprehensive assistance for registration and return filing.

Documents Required for PTRC Registration

Entity Type Documents Required
PAN and Aadhaar of Proprietor - Passport-size photo
- Cancelled Cheque
- Latest Electricity Bill of Office
- Rent Agreement (if applicable)
- Date of Commencement of Business
- Email ID and Phone Number
- Certificate of Incorporation
Partnership Firm - PAN and Aadhaar of Partners
- Partnership Deed
- Cancelled Cheque
- Electricity Bill of Office
- Rent Agreement (if applicable)
- Email ID and Phone Number
- Certificate of Incorporation
LLP/Private Limited Company - Memorandum and Articles of Association
- PAN of the Company
- Address Proof of the Office
- Director Details (PAN, Aadhaar, Passport-size Photo)
- Email ID and Phone Number Certificate of Incorporation

PTRC Rates in Maharashtra

Professional tax for employees is calculated based on their monthly salaries:

Monthly Salary Tax Per Month
Up to ₹7,500 (Men) NIL
Up to ₹10,000 (Women) NIL
₹7,500 to ₹10,000 ₹175
Above ₹10,000 Rs. 200 per month except for the month of February and Rs. 300 for the month of February

Due Dates for PTRC Returns
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Annual Liability < ₹1,00,000: File annually by 31st March.

 

Annual Liability ≥ ₹1,00,000: File monthly by the last day of each month.

BizMantra ensures you never miss deadlines by offering timely reminders and professional assistance

FAQ
1. What is PTRC?

Answer:PTRC stands for Professional Tax Registration Certificate, which is mandatory for employers to deduct and deposit professional tax on behalf of their employees.

2.Who needs to register for PTRC?

Answer:Any business or employer with salaried employees in states like Maharashtra, where professional tax is applicable, must obtain a PTRC.

3.How is PTRC different from PTEC?

Answer: PTRC is for employers to deduct professional tax from employees’ salaries and remit it to the government.
PTEC is for businesses, professionals, or sole proprietors to pay tax on their income.

4.What documents are required for PTRC registration?

Answer: Documents include:
PAN Card of the business or proprietor
Aadhaar Card of the owner/partners/directors
Cancelled cheque
Address proof (electricity bill or rent agreement)
Details of employees (including salary structure and joining dates)
Date of commencement of business

5.Is PTRC registration mandatory for all businesses?

Answer:Yes, it is mandatory for businesses with employees in states that levy professional tax. Even if there is only one employee, the employer must register for PTRC.

6.What are the Professional Tax rates in Maharashtra for employees?

Answer: The rates are as follows:
Up to Rs. 7,500 (for men): Nil
Up to Rs. 10,000 (for women): Nil
Rs. 7,500 to Rs. 10,000 (for men): Rs. 175 per month
Above Rs. 10,000: Rs. 200 per month (Rs. 300 in February)

7.What is the penalty for not obtaining PTRC on time?

Answer: A penalty of Rs. 5 per day of delay
Interest on outstanding dues

8.Can I register for PTRC online?

Answer: Yes, BizMantra facilitates a quick and hassle-free online registration process for PTRC. We handle all documentation and submission requirements for you.

9.What are the due dates for filing PTRC returns in Maharashtra?

Answer: If your annual liability is less than Rs. 1,00,000: File returns annually by 31st March.
If your annual liability is Rs. 1,00,000 or more: File returns monthly by the last day of each month.

10.Can I amend my PTRC details after registration?

Answer:Yes, any changes, such as address or employee count, can be updated by filing an amendment application through the tax portal. BizMantra can assist with this process.