Profession TAx In Maharashtra
This query is : Resolved
07 August 2009
What is the P.T rate on salary in Maharashtra after budget for this year and it is applicable from when?
08 August 2009
There is a change proposed in the slab of profession tax. This will affect almost all the
entities, as it is necessary to correctly deduct from salaries paid to employees and pay
profession tax.
AMENDMENTS TO THE MAHARASHTRA STATE TAX ON PROFESSIONS,
TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975.
In SCHEDULE I appended to the Maharashtra State Tax on Professions, Trades,
Callings and Employments Act, 1975, (Mah.XVI of 1975) for entry 1, the following
entry shall be substituted, namely,-
Salary and wage earners
Such persons whose monthly salaries or
wages,-
Tax Rate
(a) do not exceed rupees 5,000
NIL
(b) exceed rupees 5,000 but do not
exceed rupees 10,000
175 per month
(c) exceeds rupees 10,000 2,500 per annum, to be paid in the
following manner:-
(a) rupees two hundred per month
except for the month of February ;
(b) rupees three hundred for the
month of February".
There is a change proposed in the slab of profession tax. This will affect almost all the
entities, as it is necessary to correctly deduct from salaries paid to employees and pay
profession tax.
AMENDMENTS TO THE MAHARASHTRA STATE TAX ON PROFESSIONS,
TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975.
In SCHEDULE I appended to the Maharashtra State Tax on Professions, Trades,
Callings and Employments Act, 1975, (Mah.XVI of 1975) for entry 1, the following
entry shall be substituted, namely,-
Salary and wage earners
Such persons whose monthly salaries or
wages,-
Tax Rate
(a) do not exceed rupees 5,000
NIL
(b) exceed rupees 5,000 but do not
exceed rupees 10,000
175 per month
(c) exceeds rupees 10,000 2,500 per annum, to be paid in the
following manner:-
(a) rupees two hundred per month
except for the month of February ;
(b) rupees three hundred for the
month of February".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Building tax payment deduction in rental Income
- Pass word to open justification report for Q1 for FY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
