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Professional Tax Rate of company and Employee

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Chandrakant Parmar

52 Points Posted on 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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Quick Summary

This discussion clarifies the Professional Tax (PT) rates for private limited companies and their employees in Maharashtra. It details the annual PT for companies and directors, and outlines the tiered PT structure for male and female employees based on their monthly salary. Senior citizens over 65 are exempt, and employee PT is salary-dependent, not turnover-based.

CA Raj Doshi

Practising CA

5649 Points Posted on 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.