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?
Amit Sheode
(Expert)
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".
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