Professional tax in maharashtra is handled by the maharashtra state tax on professions, trades, calling and employment act, 1975 which came into effect on 1st april 1975. What are the documents required for professional tax. Ii facility of generation and printing of cchallan, challan search. Above inr1 inr300 for february and inr200 for rest of the months. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule. Exemption of late fee us 6 3 of the maharashtra state tax on professions, trade, callings and employment act, 1975 to the government aided educational institutions.
Different states have varying methods of calculating professional tax. Which states that, a person who is liable to pay tax has remained unenrolled. Department of goods and services tax department of goods. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. The maharashtra state tax on profession, trades, callings. Profession tax is a tax may be imposed on professions and employments even though the employee is already paying an income tax.
Never had an issue with calculations or missing any important credits or deductions to the return. Therefore, you are kindly requested to enroll yourself under profession tax act and also obtain pt registration certificate, if applicable. Professional tax in india updated on april 8, 2020, 15321 views. If there is no previous year for such dealer, the rate of profession tax shall be rs. Maharashtra professional tax amendment in ptec and ptrc.
Maharashtra profession tax one time payment of tax scheme. Professional tax is a tax levied at the state level in india. If you are applying for first time choose this option. You are further requested to make necessary payment of appropriate profession tax. In section 3 of the maharashtra state tax on professions, trades, callings and employments act, 1975 hereinafter, in this chapter, referred to as the profession tax act, in subsection 2, after the words every person the words and figures, including limited liability partnership, registered under the. Maharashtra profession tax one time payment of tax. The maharashtra state tax on professions, trades, callings and.
Profession tax means the tax on professions, trades, callings and employments levied under this act. At present the insurance agents are liable to pay profession tax according to their standing in the profession and the. Profession tax is the tax levied and collected by the state governments in india. The orissa state tax on profession, trades, callings and. Maharashtra profession tax otpt schemesummary and practical guide. Amendment in profession tax slabs maharashtra govt, has amended profession tax act wef 1. Profession tax in maharashtra in maharashtra maharashtra state tax on professions, trades, callings and employments act, 1975.
The professional tax slab rates on salary and wages in maharashtra are as follows. Professional tax act maharashtra pdf profession tax act. The professional tax slab rates are revised every fiscal year and can be paid online by nonsalaried persons. Appeal for enrolment registration under profession tax act. Professional tax slab rates in different states updated. Under section 32 of maharashtra profession tax, every person excluding partnership firms and huf engaged actively or otherwise under one or other classes of act is liable to pay tax to the state government. Maharashtra state tax on professions, trades, callings and. The calculation of profession tax changes form state to state, as its a tax collected by the state government. Like other states in india, the maharashtra government also levies professional charges on the income earn from professional sources. Under the act profession tax department of goods and. This tax needs to be paid on earning of salaried people and professionals. Any person who is engaged in any profession, trade, callings and employment in the state of maharashtra is liable to pay profession tax.
The provisions of the maharashtra goods and services tax act, 2017, maharashtra xliii of 2017 regarding recovery of tax shall, mutatis mutandis apply for the recovery of dues under this act. It extends to the whole of the state of maharashtra. Failure to comply with the provisions of the act may result in penal proceedings. Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradeshmp, maharashtra, odisha, telangana ts, tamil nadu and west bengal here. Procedure for submission of returns under profession tax, luxury tax and sugarcane purchase tax act after making payment through gras. Ptrc taxpayers change in periodicity refer trade circular 37 t 0f 2018. Ooernment liable to pay tax under swion 5 shall obtain a certificate of amimont. Every person engaged actively or otherwise in any profession, trade, callings or employment and falling under one or the other of the classes mentioned in the second column of schedule i appended to profession tax act, is liable to pay profession tax. Professional tax rates in maharashtra t he state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. Everything you need to know about professional tax. 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. Javascript must be enabled in order for you to use the site in standard view. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal.
Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. Exemption of late fee us 6 3 of the maharashtra state tax on professions, trade, callings. How to pay professional tax online maharashtra professional. In this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Under the act the maharashtra state tax on professions, trades.
The state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. Profession tax faqs registration 1 who is liable to pay profession tax in the state of maharashtra. Tax on professions, trades, callings and employments act, 1975. Check various due dates maharashtra professional tax. Accurate professional tax slabs, benefits for tamil nadu. Oct 25, 2017 in this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Profession tax is deductible under section 16 iii of the income tax act according to section 16 iii of the income tax act 1961, the profession tax paid by an employee is allowed as a deduction from hisher gross salary.
What is professional tax and professional tax slab rate in india. Professional tax is the tax by the state governments in india. Feb 18, 2020 professional tax due dates in maharashtra. Professional tax rates for the fy 201920 wealthtechspeaks. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. Taxact professional tax software pro tax preparation. Profession tax enrolment user manual 2014 2 first time application a step by step road map this is the view of home page for online enrolment of profession tax. April 24, 2019 professional tax rates in maharashtra. While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. Principal acts may or may not include subsequent amendments. Professional tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state.
In the schedule appended to the maharashtra tax on the entry of goods into local areas act, 2002, after entry 16, the following entry shall be added, namely. Frequently asked question on profession tax pt in maharashtra. In this act, unless the context otherwise requires. Special powers of profession tax authorities for recovery of tax as arrears of land revenue. Professional tax maharashtra professional tax slab in. Professional tax slab rates in different states updated for. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into operation from 141975. Jan 24, 2019 vat forms for maharashtra in excel fillable pdf.
It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Profession tax, directorate of commercial taxes,government of west bengal. Application of provisions of section 22 of maharashtra value added tax act, 2002 and certain provisions of rules made thereunder. New professional tax slabs amendment pdf download citehr. Professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business. Maharashtra profession tax act scope every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule.
Professional tax is the tax charged by the state governments private equity outlook 2011 pdf in india. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. Professional tax in maharashtra some important information. Thank you taxact for making my tax preparation a whole lot easier. Maharashtra stateamendt to tax on professions, trades, callings and employments rules, 19756. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. Maharashtra profession tax act, 1975 salary and wage earners, such person whose monthly salaries or wages are. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act, 1975 which came into effect from 1 st april 1975. As this tax is a state subject, the rate of profession tax varies from one state to another. Maharashtra state tax on professions, trades, callings and employments act, 1975.
It shall be deemed to have come force on the 1 st day of april, 1975. Professional tax act department of commercial tax government. Profession tax notice to companies registered in maharashtra. As per new notification, entities having a professional tax liability of more than rs. Kindly note that epayment of registration fees and deposit under vat and cst acts is to be done on mahavat portal or banks portal. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. The government of maharashtra has made available the facility of collection. Now pay tax under ptec and ptrc together in one challan. Under the act the maharashtra state tax on professions.
Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. In some cases the principal act andor amendment act may not be available. All the ptrc and ptec holders under the profession tax act,1975 maharashtra value added tax act,2005 and the central sales tax act,1956 are requested to fill the requisite information and upload the profession tax. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975. Professional tax act department of goods and services tax. This tax is in addition to any other taxes such as income tax, indirect tax gst etc. For the purpose of this entry banking companies shall mean and include any bank, which came into existence after the year 1949 through separate act but whose operations are governed by the provisions of the banking regulation act, 1949 central act 10 of 1949 irrespective of how the banks came into existence. Professional tax due dates in maharashtra, pt due dates 2020. Office of the commissioner of profession tax, maharashtra. Goods and service tax allocation of gst taxpayers to state authorities as on 08. Taxact professional is very userfriendly and accurate.
Professional tax in india statewise professional tax. As per this act, professional tax is applicable for both individuals and companies. Under the act profession tax department of goods and services. Jul 30, 2007 pt slab of maharashtra state pdf download. Amendment to maharashtra state tax on professions, trade, callings and employment act, 1975, by maharashtra act no. The procedure for obtaining certificate of enrolment and certificate of registration under the profession tax act has been further. Salaried, selfemployed individuals, and companies in maharashtra are levied with professional taxes on their income from several sources. Xxi, form of authority to attend before any profession tax authority. Maharashtra profession tax act, 1975 arp consulting. Vat forms for maharashtra in excel fillable pdf finotax. Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. What is professional tax and professional tax slab rate in. Let us have a look at professional tax forms available for all states in india.
Such person should directly approach the concerned rto for enrollment. The maharashtra state tax on profession, trades, callings and. When the salaries of an employee exceeds 7500 per month a profession tax has to be paid and return filed electronically. Professional tax maharashtra professional tax slab in maharashtra. Im very satisfied with my purchase for the 5th year in a row. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or. Maharashtra government has presented its additional budget on 05th june 2014 through its deputy chief minister and finance minister shri ajit pawar in his budget fm has increased minimum salary limit for profession tax from rs.
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