PROFESSION TAX ON STIPEND

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In Maharashtra, companies are required to deduct Profession Tax (PT) from stipends paid to employees if the monthly stipend amount exceeds Rs. 7,500. This means that for a stipend of Rs. 9,000, the employer must deduct the relevant Profession Tax as per the Maharashtra Profession Tax Act.

07 January 2020 Is profession tax under the Maharashtra Profession Tax act to be deducted from stipend paid by a company. Stipend amount is Rs 9000.

23 January 2020 yes. In maharashtra professional tax is required to be paid on stipend

23 January 2020 Yes, PT to be deducted on stipend in Maharashtra if it exceeds Rs. 7500 per month.


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