Profession tax in maharahtra

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Jigar Shah

Jigar Shah (Querist)
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18 May 2013 Is an employer who has completed 65 years of age required to obtain PTRC?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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06 July 2013 Professional tax of Maharashtra: 2012-2013

Maharashtra- This duty is applicable both on individuals and companies as laid down by the guidelines of the Maharashtra Professional Tax Act of 1975.Every individual living in Maharashtra, involved in any business, profession, occupation or employment is legally responsible to pay it and has to get a Certificate of Enrolment from the Professional Authority.As soon as you receive this certificate, you can fulfil your personal tax liability for 5 years by making a one-time payment, which is equivalent to the sum of Professional Tax for 4 years beforehand, getting relief for payment of one year.

Please refer to Profession tax slab of Madhya Pradesh for 2012-13 (page no. 5 & 6) in the attached notification no. 174 dt. 31.03.2012 published in MP Gazette (Extra ordinary ) w.e.f. 01 Apr. 2012.

Person in employment whose annual Salary or wage:-

a) Does not exceed Rs. 150000/- NIL
b) Exceeds Rs. 150000/- but less than Rs. 180000/- Rs. 1500 (Rs. 125 PM)
c) is Rs. 180000/- and more Rs. 2500 (Rs. 208 for eleven months & Rs. 212 for twelfth month)

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