PROFESSION TAX ON STIPEND

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ACCOUNTS08 (Querist)
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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.

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

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

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