Professional Tax Rate of company and Employee

Chandrakant Parmar (11 Points)

02 November 2021

sir ,Private limited company and Employee Professional tax Turnover wise ? How much Limit of Turnover in one Financial Year ?

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CA Raj Doshi (Practising CA) (5868 Points)
Replied 02 November 2021

For Maharashtra state
PTEC
Pvt Ltd Co. - 2500 p.a
Directors - 2500 p.a

PTRC
Male Employees having monthly salary:
Upto 7500 - NIL PT
7501 to 10000 - Rs. 175 PT
10001 and above - Rs. 200 PT ( Rs. 300 for Feb Month Salary )

PTRC
Female Employees having monthly salary:
Upto 10000 - NIL PT
10001 and above - Rs. 200 PT ( Rs. 300 for Feb Month Salary )

Note 1 : Senior Citizens above 65 years of age are exempt from PT
Note 2 : Professional Tax ( PT ) of Employees is based on employees salary and not turnover nor number of employees
Note 3 : Professional Tax ( PT ) of Pvt Ltd Co. to be paid irrespective of company operations till the time it is wound up.