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P TAX NOT Paid IN TIME what is the amount of penalty & interest on Rs 150 p tax

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Q: What is the penalty amount if professional tax not paid in time?
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The amount paid has been settled over time through the transfer of economic benefits.


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It represents that much of amount is invested by investors or shareholders in business and which is refundable by business at time of liquidation.


I owe money in for taxes what are the fees if I don't pay by the 15th?

Very important: File your taxes on time (or at least an extension) even if you can't pay. The penalty for not filing is TEN TIMES as much as the penalty for not paying. If you can't pay, there is a penalty of 0.5% per month or partial month for any unpaid amount. In addition to the penalty, there is interest at a variable rate that is currently 4% per year. The penalty increases to 1% per month after the IRS sends a notice of intent to levy. State fees vary by state.


How do you request an extension of the deadline for filing your tax return?

You can get an automatic six-month extension of the deadline for filing your income tax return. To request an extension, submit Form 4868 (Application for Extension of Time to File U.S. Individual Income Tax Return). It's important to remember that the extension gives you extra time for getting your tax return in order for the IRS. But it doesn't extend the time you have to pay tax due (if you're not getting a refund). Any amount not paid by the April deadline is assessed interest. A late payment penalty is charged if you haven't paid at least 90 percentof your total tax by the April deadline. If your return is completed but you can't pay the full amount of tax due, the IRS wants you to file your return on time and pay as much as you can at that time.


Is accrued salaries payable a liability account?

Yes, accrued salaries are those amount which is due but not yet paid and payment is deferred for future time.

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