Ooernment liable to pay tax under swion 5 shall obtain a certificate of amimont. Salaried, selfemployed individuals, and companies in maharashtra are levied with professional taxes on their income from several sources. The government of maharashtra has made available the facility of collection. 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. Profession tax, directorate of commercial taxes,government of west bengal.
Under the act profession tax department of goods and. 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. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Like other states in india, the maharashtra government also levies professional charges on the income earn from professional sources. 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. Thank you taxact for making my tax preparation a whole lot easier. Professional tax slab rates in different states updated. Never had an issue with calculations or missing any important credits or deductions to the return. Ii facility of generation and printing of cchallan, challan search. Exemption of late fee us 6 3 of the maharashtra state tax on professions, trade, callings.
Taxact professional is very userfriendly and accurate. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Professional tax maharashtra professional tax slab in. The calculation of profession tax changes form state to state, as its a tax collected by the state government. As per new notification, entities having a professional tax liability of more than rs. Maharashtra profession tax otpt schemesummary and practical guide. Department of goods and services tax department of goods. 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.
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. This tax needs to be paid on earning of salaried people and professionals. 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. 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.
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. The procedure for obtaining certificate of enrolment and certificate of registration under the profession tax act has been further. 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. While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. 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. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975. Maharashtra professional tax amendment in ptec and ptrc. Different states have varying methods of calculating professional tax. Vat forms for maharashtra in excel fillable pdf finotax. Profession tax faqs registration 1 who is liable to pay profession tax in the state of maharashtra. Check various due dates maharashtra professional tax.
Above inr1 inr300 for february and inr200 for rest of the months. 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. What is professional tax and professional tax slab rate in india. Kindly note that epayment of registration fees and deposit under vat and cst acts is to be done on mahavat portal or banks portal. Professional tax act department of commercial tax government. New professional tax slabs amendment pdf download citehr. 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. Let us have a look at professional tax forms available for all states in india. Goods and service tax allocation of gst taxpayers to state authorities as on 08. Professional tax is the tax by the state governments in india. Professional tax rates for the fy 201920 wealthtechspeaks. Profession tax act 1975 bare act pdf the maharashtra sales tax on the transfer of property in goods. For this purpose the blavatsky lodge of ts is registered with the sales tax department. Frequently asked question on profession tax pt in maharashtra.
The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. Tax on professions, trades, callings and employments act, 1975. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. In some cases the principal act andor amendment act may not be available. 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. 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. Maharashtra profession tax one time payment of tax scheme. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. Now pay tax under ptec and ptrc together in one challan. Form iva, notice under section 7 for audit under pt act 1975, pdf icon.
Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. 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. How to pay professional tax online maharashtra professional. Maharashtra stateamendt to tax on professions, trades, callings and employments rules, 19756. April 24, 2019 professional tax rates in maharashtra. Professional tax maharashtra professional tax slab in maharashtra. Maharashtra profession tax one time payment of tax. Aug 10, 2018 as per the maharashtra state tax on professions, trades, calling and employment act 1975 every working professional and selfemployed professionals like lawyers, doctors and chartered accountants etc need to pay professional tax to the state government. Under the act the maharashtra state tax on professions, trades. It extends to the whole of the state of maharashtra. When the salaries of an employee exceeds 7500 per month a profession tax has to be paid and return filed electronically.
If there is no previous year for such dealer, the rate of profession tax shall be rs. Feb 18, 2020 professional tax due dates in maharashtra. Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. Amendment to maharashtra state tax on professions, trade, callings and employment act, 1975, by maharashtra act no.
You are further requested to make necessary payment of appropriate profession tax. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. Professional tax slab rates in different states updated for. Professional tax act department of goods and services tax. The maharashtra state tax on profession, trades, callings and. Special powers of profession tax authorities for recovery of tax as arrears of land revenue. 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. Accurate professional tax slabs, benefits for tamil nadu. Procedure for submission of returns under profession tax, luxury tax and sugarcane purchase tax act after making payment through gras. Jan 24, 2019 vat forms for maharashtra in excel fillable pdf. Under the act profession tax department of goods and services. 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. Professional tax is a tax levied at the state level in india.
Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as. Profession tax eenrollment3 rd proviso to sec 32 is inserted from 01. Failure to comply with the provisions of the act may result in penal proceedings. Im very satisfied with my purchase for the 5th year in a row. Profession tax in maharashtra in maharashtra maharashtra state tax on professions, trades, callings and employments act, 1975. In this act, unless the context otherwise requires. Taxact professional tax software pro tax preparation. Professional tax in india updated on april 8, 2020, 15321 views. Ptrc taxpayers change in periodicity refer trade circular 37 t 0f 2018. Maharashtra profession tax act, 1975 salary and wage earners, such person whose monthly salaries or wages are.
Principal acts may or may not include subsequent amendments. As per this act, professional tax is applicable for both individuals and companies. 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. Trades, callings and empioymcnts aci, 1975 and the maharashtra tax on. Maharashtra state tax on professions, trades, callings and employments act, 1975.
What is professional tax and professional tax slab rate in. 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. The professional tax slab rates are revised every fiscal year and can be paid online by nonsalaried persons. At present the insurance agents are liable to pay profession tax according to their standing in the profession and the. Maharashtra state tax on professions, trades, callings and. Application of provisions of section 22 of maharashtra value added tax act, 2002 and certain provisions of rules made thereunder. Professional tax is the tax charged by the state governments private equity outlook 2011 pdf in india. 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.
Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradeshmp, maharashtra, odisha, telangana ts, tamil nadu and west bengal here. The professional tax slab rates on salary and wages in maharashtra are as follows. Profession tax is the tax levied and collected by the state governments in india. Javascript must be enabled in order for you to use the site in standard view. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975. Jul 30, 2007 pt slab of maharashtra state pdf download. 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. The maharashtra state tax on profession, trades, callings. Amendment in profession tax slabs maharashtra govt, has amended profession tax act wef 1. Professional tax act maharashtra pdf profession tax act.
Professional tax slab rate in maharashtra income tax slabs. The maharashtra state tax on professions, trades, callings and. Profession tax means the tax on professions, trades, callings and employments levied under this act. Therefore, you are kindly requested to enroll yourself under profession tax act and also obtain pt registration certificate, if applicable. The orissa state tax on profession, trades, callings and. Under the act the maharashtra state tax on professions. It shall be deemed to have come force on the 1 st day of april, 1975. Profession tax is a tax may be imposed on professions and employments even though the employee is already paying an income tax.
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. If you are applying for first time choose this option. Everything you need to know about professional tax. Any person who is engaged in any profession, trade, callings and employment in the state of maharashtra is liable to pay profession tax. Appeal for enrolment registration under profession tax act. Professional tax in maharashtra some important information. Such person should directly approach the concerned rto for enrollment. As this tax is a state subject, the rate of profession tax varies from one state to another. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Which states that, a person who is liable to pay tax has remained unenrolled. Office of the commissioner of profession tax, maharashtra. Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. What are the documents required for professional tax.
Maharashtra profession tax act, 1975 arp consulting. Go live of online filing of appeal applications along with appeal payments under vat and cst act. This tax is in addition to any other taxes such as income tax, indirect tax gst etc. Professional tax due dates in maharashtra, pt due dates 2020.
1362 1502 960 631 1300 1063 1242 43 629 138 1518 1316 1275 738 1681 615 821 1073 383 922 439 742 1356 1535 1047 632 258 1442 1452 243 326 1012 25 958 16 980