Latest Professional tax slab

Sachin

Chartered Accountant

419 Points Joined November 2008

Originally posted by :Pritesh
"	Hi.. Pl send me the latest profesional tax slabs ..regards Pritesh	"

Dear Pitesh,

Profesional tax is charged statewise. please write me about which state professional tax slab you want. write me mail to me my email id is sachinagarwalcallb @ gmail.com

LAXMIKANT JAIPURKAR

Practicing Company Secretary/Tax Consult

403 Points Joined July 2008

Profession Tax Rates for Maharashtra :

Salary upto Rs. 2500/- ------------ NIL

Rs.2500/- to Rs. 3500/- 60/-

Rs. 3501 to Rs. 5000/- 120/-

Rs. 5001 to Rs. 10000/- 175/-

Rs. 10,001 & above Rs. 200/- per month except February. For February - Rs. 300/-

Umesh V Naig

Statutory Analyst

452 Points Joined November 2008

Professional Tax is the State subject and rates are charged as per the law in force.

Hence pl see the slab rates accordingly normally it iwll in the range of 200 -300 based on the salary income slab

umesh

Ankur Agrawal

CS CA Final

239 Points Joined December 2008

sir wt is this professional tax...??

Umesh V Naig

Statutory Analyst

452 Points Joined November 2008

Professional tax is collected by the statutoy bodies of the local government on the profession or businees done and earn the income , even govt sector viz BSNL,etc collect the tax and its is allowed as a deduction on your annual income under income tax laws

SKRAM

CONSTRUCTION

27 Points Joined December 2008

can anyone give the details of New professional tax rate in karnataka

Mohan Ram

Auditor & tax consultant

24 Points Joined April 2009

A good news for the employees who pays karnataka professional tax. The karnataka government is generous in offering relief for innumerable employees. The exemption limit has been enhanced to Rs. 10,000/- with effect from 01.04.2009

The latest Professional Tax Rates will be:

1. Up to Rs.9,999/- Nil

2. Rs.10,000/- to Rs.14,999/- 150

3. Rs. 15,000/- & Above 200

regards

Mohan

Jayesh Sarvaiya

Chartered Accountants

175 Points Joined October 2008

plz send me previuos & current both professional tax rates

Avinash

TAX ACCOUNTANT

25 Points Joined April 2009

IS THERE ANY AMMENMEND FOR PROFESSION TAX FROM A.Y.2009-10???

IF YES, PLEASE SEND ME!!

THANK YOU,

Avinash

TAX ACCOUNTANT

25 Points Joined April 2009

IS THERE ANY AMMENMEND FOR PROFESSION TAX FROM A.Y.2009-10???

IF YES, PLEASE SEND ME!!

THANK YOU,

tirupati

accountant

23 Points Joined May 2009

Schedule of rates of tax on professions, trades, callings and employments after Budget:

Although new rates been passed in budget but they shall come into force on such date as the state Government may, by notification in the Official Gazette, appoint. ((Government of Maharashtra appointed the 1st July 2009 to be the date from which new profession rates will come into force)

Sr. No.	Class of Persons	Rate of Tax
1.	2.	3.

1.	Salary and wage earners. Such persons whose monthly salaries or wages,
	(a) exceed rupees 5,000 but do not exceed rupees 10,000	175 per month
	(b) exceed rupees 10,000	2500 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

2.	(a) Legal Practitioners including Solicitor and Notaries;	2500 per annum
	(b) Medical Practitioners, including Medical Consultants and Dentists;	2500 per annum
	(c) Technical and Professional Consultants, including Architects, Engineers, R.C.C. Consultants, Tax Consultants, Chartered Accountants, Actuaries and Management Consultants;	2500 per annum
	(d)Chief Agents, Principal Agents, Insurance Agents and Surveyors and Loss Assessors registered or licensed under the Insurance Act, 1938, U.T.I. Agents under U.T.I. Scheme, N.S.S. agents under postal Scheme;	2500 per annum
	(e)Commission Agents, Dalals and Brokers (other than estate brokers covered by any other entry elsewhere in this Schedule);	2500 per annum
	(f)All types of Contractors (other than building contractors covered by any other entry elsewhere in this Schedule); and	2500 per annum
	(g)Diamond dressers and diamond polishers; having not less than one year’s standing in theprofession.	2500 per annum
3.	(a) Members of Association recognised under the Forward Contracts (Regulations) Act, 1952	2500 per annum
	(b) (i) Member of Stock Exchanges recognised under the Security Contracts (Regulation) Act, 1956;	2500 per annum
	(b) (ii) Remisiers recognised by the Stock Exchange;	2500 per annum

4.	(a) Building Contractors;	2500 per annum
	(b) Estate Agents, Brokers or Plumbers, having not less than one year’s standing in the profession.	2500 per annum

5.	Directors (other than those nominated by Government) of Companies registered under the Companies Act, 1956, and Banking Companies as defined in the Banking Regulation Act, 1949,*Explanation :* The term ‘Directors’ for the purpose of this entry will not include the persons who are Directors of the companies whose registered offices are situated outside the State of Maharashtra and who are not residing in the Stateof Maharashtra.	2500 per annum

6.	(a) Bookmakers and Trainers licensed by the Royal Western India Turf Club Limited;	2500 per annum
	(b) Jockeys licensed by the said Club	2500 per annum

7.	Self-employed persons in the Motion Picture Industry, Theatre, Orchestra, Television, Modelling or Advertising Industries, as follows:
	(a) Writers, Lyricists, Directors, Actors and Actresses (excluding Junior Artists), Musicians, Play-back Singers, Cameramen, Recordist, Editors and Still-Photographers,	2500 per annum
	(b) Junior Artists, Production Managers, Assistant Directors, Assistant Recordists, Assistant Editors and Dancers.	1000 per annum

8.	Dealers registered under the Maharashtra Value Added Tax Act, 2002, or Dealers registered only under the Central Sales Tax Act, 1956, whose annual turnover of sales or purchases,-
	(i) is rupees 25 lakh or less	2000 per annum
	(ii) exceeds rupees 25 lakh	2500 per annum

9.	Occupiers of Factories as defined in the Factories Act, 1948, who are not covered by entry 8 above	2500 per annum

10.	(1)(A) Employers of establishments as defined in the Bombay Shops and Establishment Act, 1948, where their establishments are situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 – Such employers of establishments,-
	(a) where no employee is employed	1000 per annum
	(b) where not exceeding two employees are employed	2000 per annum
	(c) where more than two employees are employed	2500 per annum
	(B) Employers of establishments as defined in the Bombay Shops and Establishments Act, 1948, where their establishments are not situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 – Such employers of establishment,-
	(a) where no employee is employed	500 per annum
	(b) where not exceeding two employees are employed,	1000 per annum
	(c) where more than two employees are employed	2500 per annum

	(2) Persons owning / running STD / ISD booths or Cyber Cafes, other than those owned or run by Government or by physically handicapped persons;	1000 per annum
	(3) Conductors of Video or Audio Parlours, Video or Audio Cassette Libraries, Video Game Parlours;	2500 per annum
	(4) Cable Operators, Film Distributors;	2500 per annum
	(5) Persons owning / running marriage halls, conference halls, beauty parlours, health centres, pool parlours;	2500 per annum
	(6) Persons running / conducting coaching classes of all types	2500 per annum
11.	Owners or Lessees of Petrol / Diesel / Oil Pumps and Service Stations / Garages and Workshops of Automobiles	2500 per annum
12.	Licensed Foreign Liquor Vendors and employers of Residential Hotels and Theatres as defined in the Bombay Shops and Establishments Act, 1948.	2500 per annum
13.	Holders of permits for Transport Vehicles granted under the Motor Vehicles Act, 1988, which are used or adopted to be used for hire or reward, where any such person holds permit or permits for,-
	(a) three wheeler goods vehicles, for each such vehicle	750 per annum
	(b) any taxi, passenger car, for each such vehicle	1000 per annum
	(c) (i) goods vehicles other than those covered by (a)	1500 per annum
	(c) (ii) trucks or buses	1500 per annum
	for each such vehicle : Provided that the total tax payable by a holder under this entry shall not exceed rupees 2,500 per annum.
14.	Money lenders licensed under the Bombay Money-lender Act, 1946	2500 per annum
15.	Individuals or Institutions conducting Chit-Funds	2500 per annum
16.	Co-operative Societies registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960 and engaged in any profession, trade or calling –
	(i) State level Societies	2500 per annum
	(ii) Co-operative sugar factories and spinning Mills	2500 per annum
	(iii) District level Societies	750 per annum
	(iv) Handloom weavers co- operative societies	500 per annum
	(v) All other co-operative societies not covered by clauses (i), (ii),(iii) and (iv) above.	750 per annum

17.	Banking Companies, as defined in the Banking Regulation Act, 1949.	2500 per annum
18.	Companies registered under the Companies Act, 1956 and engaged in any profession, trade or calling.	2500 per annum
19.	Each Partner of a firm (whether registered or not under the Indian Partnership Act, 1932) engaged in any profession, trade, or calling.	2500 per annum
20.	Each Co-parcener (not being a minor) of a Hindu Undivided Family, which is engaged in any profession, trade or calling.	2500 per annum
21.	Persons other than those mentioned in any of the preceding entries who are engaged in any profession, trade, calling or employment and in respect of whom a notification is issued under the second proviso to sub-section (2) of section 3	2500 per annum

Note: 1.

Notwithstanding anything contained in this Schedule, where a person is covered by more than one entry of this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his case. This provision shall not be applicable to entry 16(iv) of the schedule.

Note: 2.

For the purposes of Entry 8 of the Schedule, the Profession Tax shall be calculated on the basis of the “turnover of sales or purchases” of the previous year. If there is no previous year for such dealer, the rate of Profession Tax shall be Rs. 2000. The expressions “turnover of sales” or “turnover of purchases” shall have the same meaning as assigned to them, respectively, under the Maharashtra Value Added Tax Act, 2002. ”

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