Profession tax, directorate of commercial taxes,government of west bengal. A few categories of individuals can claim exemption from paying professional tax. In this post, we will see how the rates are applicable for different professions and at what rates. Dear sir kindly give me the professional tax slab rate financial yer 2010 11. Mar 07, 2016 maharashtra professional tax slab rate fy 201516 professional tax calculation chart for state of maharashtra. Chhattigarh professional tax rates, slabs, returns, act. Professional tax has been in practise for a long time. Maharashtra government has presented its additional budget on 05th june 2014 through its deputy chief minister and finance minister shri ajit pawar in his budget fm has increased minimum salary limit for profession tax. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords.
Professional tax slab rates state wise in india 201920 july 18, 2019 may 7, 2019 by rajesh m here you can find state wise professional tax slab rates of each state in india for 201920 along with with their payment due dates, associated forms, and website details. Majority of the states imposes the professional tax via various collection methods. In this activity, we assign a professional tax ptax rate to a slab code. Co mp professional tax amendment notification 2012 pdf download archive.
Goods and service tax allocation of gst taxpayers to state authorities as on 08. Here we see the various professions which fall under pt and the rates at which they are. However, the maximum levy of professional tax cannot exceed rs 2,500 in a financial year. The professional tax rates is based on the income slabs set by the. The pt rates were changed for the state of west bengal for the financial year 2016 17. April 24, 2019 professional tax rates in maharashtra. Javascript must be enabled in order for you to use the site in standard view. Professional tax is charged by respective municipal corporations and most of the states in india charge this tax. What is professional tax and professional tax slab rate in india.
While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. Professional tax slab rates in india for financial year 201617. Mar 27, 2020 professional tax interest on non payment on of professional tax, article 276. The professional tax slab rates in maharashtra on salary. Professional tax slab of gujaratrevised pdf download citehr. Maharashtra government has presented its additional budget on 05th. Deduction of halfyearly profession tax in chennai part i. Profession tax enrollment incentive scheme 2009,the maharashtra state tax on professions, trades, callings and employments act 1975. Professional tax is deducted by the employer and the amount. Professional tax slab rates in india for financial year.
All states professional tax rates simple tax india. Maharashtra professional tax slab rate, latest news bankbazaar. The state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. Income tax slab rates for fy 201819 ay 201920 february 2, 2018. As per new notification, entities having a professional tax liability of more than rs. Professional tax slab rates in different states updated for. Salaried, selfemployed individuals, and companies in maharashtra are levied with professional taxes on their income from several sources. State government of maharashtra levies professional tax at the rate of rs. Under the act the maharashtra state tax on professions. Department of goods and services tax department of goods. Go live of online filing of appeal applications along with appeal payments under vat and cst act. The professional tax rates is based on the income slabs set by the respective state governments. Professional tax slab rates state wise in india 201920 july 18, 2019 may 7, 2019 by rajesh m here you can find state wise professional tax slab rates of each state in india for.
Here a list of states with enactments passed for effective implementation of professional tax administration is provided for your ready reference. Please note that the rates of profession tax are amended and the new. Revised rates of professional tax in maharashtra greythr. New professional tax slabs amendment pdf download citehr. As this tax is a state subject, the rate of profession tax varies from one state to another. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act. Since the profession tax falls under the ambit of the. Professional tax rates for the fy 201920 wealthtechspeaks. New site like for how to pay how to pay professional tax online maharashtra has been introduced.
Professional tax slab for tamil nadu has been revised 2018. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975. Professional tax slab rates state wise in india 201920. Block will be used to display browser versions to be supported by portal. Gujarat professional tax slab rate how to register. Professional tax or pt is the tax which is applied on all types of professions such as salaried individuals of both government and. In exercise of the powers conferred by section 5, read with subsection 1 of section 7 of the employees provident funds and miscellaneous provisions act, 1952 19 of 1952, the central government hereby makes the following scheme, further to amend the employees provident funds scheme, 1952.
The total amount of professional tax paid during the year is allowed as deduction under the income tax act. Updated professional tax rates in maharashtra pt tax. Professional tax is to be paid by both salaried and selfemployed individuals, who work in government or private organizations or any other modes of employment. Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. In this post, we will discuss the relative changes in the tax slab for 2016 17 for different entities. The total taxable income then will be your current income for the financial year minus the investments made for which tax exemptions can be availed. The professional tax amount to be paid depends on the professional tax slab rate of the particular state. If you want to continue this discussion or have a follow up question, please post it on the network. Professional tax rates in maharashtra t he state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments.
Professional tax calculator, professional tax rates for ap, assam, bihar, chhattisgarh, gujarat, mp, karnataka, kerala, orisa, tamil nadu, tripura, wb. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, lawyer, doctor etc. Some of the states which currently impose a professional tax in india are maharashtra, gujarat. Meghalaya professional tax slab rates for financial year 2016 17. Minimum wages in karnataka for 201617 pdf download. Aug 14, 2019 latest income tax slab rates for fy 2016 17.
Maharashtra profession tax act, 1975 salary and wage earners, such person whose monthly salaries or wages are. The professional tax slab rates are revised every fiscal year and can be paid online by nonsalaried persons. Maharashtra stateamendt to tax on professions, trades, callings and employments rules, 19756. Profession tax is a direct tax levied on all kinds of professions, trades and employment in proportion to the income of the individual. Schedule of rates of tax on professions, trades, callings and. What i assume according to the tax slab, the professional tax cut from the salary of rs 6774 should be rs.
May 02, 2018 professional tax slab rate in madhya pradesh. Employers are required to deduct profession tax, at prescribed rates, from salary wages. Different states have different cover rates and methods of collection for profession tax. Profession tax pt is levied by local authorities such as city corporations and municipalities on employees and employers. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act, 1975 which came into effect from 1 st april 1975. Professional tax in maharashtra state doc download archive professional tax for various cities in india xls download archive if gross salary fluctuate one may get down from p.
What is professional tax and professional tax slab rate in. Updated profession tax rates in maharashtra taxguru. Laearn about professional tax see all the details like share subscribe email. Madhya pradesh falls under the category of states that charge professional tax. Gujarat professional tax slab rate professional tax is charged on salaried individuals and is paid to the gujarat state government. Maharashtra profession tax act scope every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax. However, the maximum professional tax that may be levied by any state has been capped at rs 2500. Schedule to the west bengal state tax on professions. We have consolidated the highlights of the tax related proposal presented by mr. Maharashtra govt, has amended profession tax act wef 1. In case of salaried individuals, employers are responsible for deduction of the professional tax from the salary of the respective employees and deposit the same with the concerned authority. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has. Professional tax slab rates in different states updated.
Profession tax in maharashtra is levied with reference to the maharashtra state tax on professions, trades, callings and employment act, 1975 and came into effect from 1041975. Accurate professional tax slabs, benefits for puducherry. Professional tax is levied through predetermined slab rates by the respective states. According to the income tax act, one can claim for tax deductions at the time of paying the tax for the fiscal year, after showing proof that the investments have been made. Updated professional tax rates in maharashtra, latest professional tax rates in maharashtra. Professional tax is levied based on the income revenue. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule. Profession tax enrollment incentive scheme 2009,the maharashtra state tax. Oct 25, 2017 in this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Professional tax slabs for indian states sensys blog. Professional tax is the tax by the state governments in india. Deduction of halfyearly profession tax in chennai part i posted by gautham on february 4, 20.
The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Everyone from small business owners to doctors are liable to pay this tax. Maharashtra state budget for 201617 udyog software. The pt rates were changed for the state of west bengal for the financial year 201617. Professional tax is levied based on the incomerevenue earned by an individual or entity. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Sproimgpayrollpayroll india professional tax assign amounts for professional tax deduction table. Professional tax maharashtra professional tax slab in. Professional tax interest on non payment on of professional tax, article 276.
Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref. Thus, now for profession tax enrolmentregistration there is no need for. Professional tax is levied through predetermined tax slabs and is paid on a monthly basis. Under the act the maharashtra state tax on professions, trades, callings and employments act, 1975. For more information on professional tax slab, please refer to our other blog on the topic. Professional tax rates in maharashtra mumbai professional. Commissioner, corporation area, employer, month, person, profession tax. Professional tax act department of goods and services tax. Maharashtra professional tax slab rates for financial year 201617. Profession tax is the tax levied and collected by the state governments in india. Given below is the revised professional tax slab rate for madhya. Professional tax in maharashtra state doc download citehr. The maharashtra state tax on profession, trades, callings.
Every person engaged actively or otherwise in any profession, trade, callings or employment and falling under one or the other of the classes mentioned in the second column of schedule i appended to profession tax act, is liable to pay profession tax. Under the act profession tax department of goods and. The professional tax slab in west bengal for 201617. Maharashtra professional tax amendment in ptec and ptrc.
Maharashtra professional tax slab rate, latest news. The tax has to be paid to the state government and the professional tax amount to be paid depends on the income of the individual in accordance with the income tax slab rates of that state. The professional tax slab rates on salary and wages in maharashtra are as follows. Maharashtra government has presented its additional budget on 05th june 2014 through its deputy chief minister and finance minister shri ajit pawar in his budget fm has increased minimum salary limit for profession tax from rs. Amendment in profession tax slabs maharashtra govt, has amended profession tax act wef 1. Professional tax payment shall be monthly or annually. Senior citizen individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year. Now pay tax under ptec and ptrc together in one challan. Professional tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state. Assam professional tax rates, slabs, returns, act, rules. Madhya pradesh professional tax ptax revised slab rate. Professional tax in india statewise professional tax. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act 1975 which came into effect from 1st april 1975.
Profession al tax slabs, profession al tax slabs all states, profession al tax slabs andhra pradesh, profession al tax slabs assam, profession al tax slabs gujarat, profession al tax slabs karnataka, profession al tax slabs kerala, profession al tax slabs maharashtra, profession al tax. In this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Professional tax slab rates professional tax is a tax imposed by the state governments of india on salaried individuals, working in government nongovernment entities, or in the practice of any profession, including chartered accountants, doctors, lawyers, etc. As per the latest professional tax slab in maharashtra 201819 there is no need to pay professional tax up to a salary of 7500 rs, from 7501 rs to 0 rs there is a professional tax of 175 rs and for above 0 rs there is a professional tax. The set of professional tax slabs in india are different for all the 12 states in india and some of the states have formulated different professional tax slabs for men, women, and the senior citizens of the respective states.
Professional tax slabs state wise professional tax rates state wise. It is subject to a minimum limit of earning and levied as per the states applicable slab rates. Professional tax slabs state wise simple tax india. Maharashtra profession tax act, 1975 arp consulting. Professional tax is levied by the state governments in india on individuals with salaried income, employed in government or non government sector, or practicing any profession, or carrying out any form of business activities. Pt is calculated on the basis of the earned gross salary of employees. Proessional tax slab rate for the state of maharashtra is levied as per constitutional power under clause 2 of article 276 where state are empower to charge the professional tax as per the slab rate defined time to time. This article is very much specifically for the changes in the professional tax rates. Under the act profession tax department of goods and services. State wise professional tax slabs and rates has been shared below. Professional tax slab rate in madhya pradesh 201617.
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