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.

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(Querist)
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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 January 2020 yes. In maharashtra professional tax is required to be paid on stipend
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Spurto Consultancy Services

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Spurto Consultancy Services (Expert)
23 January 2020 Yes, PT to be deducted on stipend in Maharashtra if it exceeds Rs. 7500 per month.
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