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. Maharashtra govt, has amended profession tax act w. If less than 20 or less 20 employees, than due date for filling of professional tax return is 15 th day from the end of previous year in form no. As per new notification, entities having a professional tax liability of more than rs. Rate schedule department of goods and services tax. 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. According to section 16 iii of the income tax act 1961, the profession tax.
Professional tax maharashtra professional tax slab in. Income tax slab rates for last 25 years in india 199293 to. The professional tax slab rates on salary and wages in maharashtra. What is professional tax and professional tax slab rate in india. However, in case of professionals, company, director, partners etc. Fy 2014 15 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Further, they can not claim it for the tax deduction in their income tax returns. The revised tax slabs for salaried employees in maharashtra are as follows.
Income tax slab for financial year 2014 15 posted on. The professional tax for some major states in india are andhra pradesh, maharashtra. It is paid by dividing the annual professional tax. However, employees with a monthly gross salary above rs. Gujarat professional tax slab rate how to register. Professional tax for the financial year 2014 15 wednesday, september 24th, 2014 amritesh 6 responses 119 views 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. Each state declares a slab and the professional tax is deducted on the basis of these slabs. Professional tax slab rates state wise in india 201920 july 18, 2019 may 7, 2019 by rajesh m here you can find state wise professional tax slab rates of each state in india for 201920. Income tax slab rates for financial year 2014 assessment. New site like for how to pay how to pay professional tax online maharashtra has been introduced. This tax is deducted from the salary of an employee every month. Sproimgpayrollpayroll india professional tax assign amounts for professional tax deduction table. Professional tax rates in karnataka professional tax rates. Professional tax slab rates in different states updated for.
Professional tax is a tax levied on the income earned by salaried employees and professionals, including chartered accountants, doctors and lawyers, etc. The total amount of professional tax paid during the year is allowed as deduction under the 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. Income tax slab in india for fy 20172018 information about latest tax brackets or current tax slabs in india with new income tax slab budget 2017 for women, senior citizen, pensioners and individual with cess rate. Ptx challan bihar, professional tax online payment. Professional tax act department of goods and services tax. February 5, 2019 professional tax slab rates in india. The professional tax slab rates for the financial year 2018 2019 are. Income tax slab tells the tax rate at which you have to pay tax on income.
In schedule i appended to the maharashtra state tax. Professional tax slab of gujaratrevised pdf download citehr. Updated professional tax rates in maharashtra, latest professional tax rates in maharashtra. Professional tax slab rates state wise in india 201920.
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. Every individual living in maharashtra, involved in any business, profession, occupation or employment is legally responsible to pay it and has to get a certificate of enrolment from the. The present rates of tax applicable to the respective pay slabs enumerated in entry 1 of the schedule i. Professional tax is subject to a minimum limit of income and charged as per applicable slab rates of a state. Frequently asked question on profession tax pt in maharashtra. Income tax slab rates for individualhuf for fy 201415.
Monthly salary gross amount to be paid as professional tax per month. Dear member, gujarat pt slab for the following 3000 to 5999 rs. The government of maharashtra has introduced changes to profession tax rates effective 01july2014. Profession tax also called tax on employment is imposed by a state under article 276 of the constitution of india. In this activity, we assign a professional tax ptax rate to a slab code. If you want to continue this discussion or have a follow up question, please post it on the. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Professional tax for the financial year 2014 15 wednesday, september 24th, 2014 amritesh 6 responses 119 views 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. Senior citizens above the age of 65 and handicapped. Professional tax slab in madhya pradesh have been revised in state finance budget 2018. Professional tax in india statewise professional tax.
The profession tax amount is considered exemptible from taxable income of the employee. Apr 17, 2019 the professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Professional tax forms in excel fillable pdf finotax. Maharashtra professional tax slab rate, latest news. Dear all, please share state wise professional tax slabs for the year 20 to 2014. Appointment of officers of the transport department of govt. F 1st april 2015 monthly salary professional tax levied p. You will find professional tax slabs applicable in some of the states. Tax in delhi professional tax in maharashtra professional tax in tamil nadu. Apr 24, 2019 professional tax rates in karnataka t he state of karnataka has passed an act known as the karnataka tax on professions, trades, callings and employments act, 1976 with the purpose to collect revenue to be used in employment generation guarantee scheme. Accurate professional tax slabs, benefits for gujarat. The tax has to be paid to the state government and the professional tax amount to be paid depends on the income of the individual in accordance with the income tax slab. New professional tax slab in west bengal, 2014 wbxpress.
What i assume according to the tax slab, the professional tax cut from the salary of rs 6774 should be rs. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. New rates of professional tax pt deduction will be applicable w. Dear sir kindly give me the professional tax slab rate financial yer 2010 11. However, there are few states and union territories in india that do not charge professional tax too. Online civic services welcome to greater chennai corporation. Professional tax slab rates in india for financial year 201617.
Revised profession tax rates in maharashtra wef 01. Employers are required to deduct profession tax, at prescribed rates, from salary wages. Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref. Though the same slab rate is applicable for the selfemployed individuals, they need to selfdeposit the profession tax. The revised tax slabs for salaried employees in maharashtra. The maximum amount of pt that may be levied by any state in a financial year is rs 2500. Professional tax slab rates in india for financial year. Maharashtra government has presented its additional budget on 05th june 2014 through. It offers special privileges for women professional tax payers. The slab of the profession tax has been revised for tamil nadu in the year 2018.
The maharashtra state tax on profession, trades, callings. Profession tax in maharashtra is levied with reference to the maharashtra state tax on professions, trades, callings and employment act, 1975 and came into effect from 1041975. Ix of 2005 or dealers registered only under the central sales tax act, 1956, 74 of 1956 whose annual turnover of sales or purchases of previous year, i is. The maharashtra state tax on profession, trades, callings and. April 24, 2019 professional tax rates in maharashtra. As the professional tax levied by each state differs, the maximum amount that karnataka state can charge is rs. In the following post, we see the rates which are applicable for different entities. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Bihar professional tax slab rates for financial year 201617. Here are the latest telangana professional tax slab rates as per the telangana tax on profession, trades, callings and employment act 1987 for the year 2019 and also find due date for payment of professional tax in telangana. If the employee leaves the organization at the end of 5 months, the. West bengal professional tax slabs, rates, registration. What is professional tax and professional tax slab rate in.
Professional tax slab west bengal for the financial year 20192020 for monthly salary and wages. Please note that the income of financial year 2014 15 is taxable at the tax rate applicable for assessment year 201516. The maharashtra tax on the entry of goods into local areas act, 2002. In section 12b of the maharashtra purchase tax on sugarcane act, 1962, in clause e, for the word and figures year 2014 the words and figures years 2014 and 201415 shall be substituted. This article is very much specifically for the changes in the professional tax rates which. Marathi professional tax ereturn filling iii b form on. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975. Y 2014 15 the professional tax return due date is 15 th of april 2015 if more than 20 employees, than due date for filling of professional return tax is 15th day from the end of. 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.
Under the act profession tax department of goods and. Professional tax slab in madhya pradesh for fy 201819. Normal rates of tax applicable to all individualshuf who are less than 60 years of age. All working and selfemployed professionals whose monthly income is above rs. Different states have varying methods of calculating professional tax. Income tax slab for financial year 201415 mytaxcafe. Updated professional tax rates in maharashtra pt tax. Revised rates of professional tax in maharashtra greythr.
Professional tax 20 to 2014 docx download please login cite. Dealers registered under the maharashtra value added tax act, 2002, mah. Download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. Professional tax is a tax levied at the state level in india. Please note that the rates of profession tax are amended and the new. As per the karnataka professional tax slab rates, all individuals with a monthly gross income less than rs. Maharashtra professional tax slab rate, latest news bankbazaar. Jul 16, 2014 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. Rates of income tax for fy 2014 15 ay 201516 as per the finance no. Please note that the rates of profession tax are amended and the new rates will be effective from 01. Professional tax slab rates in different states updated. Deduction of halfyearly profession tax in chennai part i. Maharashtra professional tax amendment in ptec and ptrc. Income tax slabs in india, new income tax slab 2018 budget rate.
The professional tax slab rates on salary and wages in maharashtra are as follows. Professional tax in india updated on may 6, 2020, 18906 views. Jan 08, 2019 new professional tax slab in west bengal, 2014 january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. Thus, now for profession tax enrolmentregistration there is no need for. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. P rofession tax is a tax levied on a person engaged in any profession, trade, calling and employment in west bengal. Professional tax slabs for indian states sensys blog.
Income tax slab rate for assessment year 2014 15 i. Now, it involves a new provision of tax on employment and calling as well as professions and trades. Schedule to the west bengal state tax on professions. The professional tax in telangana works as per the employment act 1987 and consist of the following slab rates for each month. Let us assume that an employee earns rs 7,000 per month rs 42,000 in a halfyear period. Profession tax is deductible under section 16 iii of the income tax act.
Updated profession tax rates in maharashtra taxguru. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi income slabs tax rates where the taxable income does not exceed rs. Levied under article 276 2 of the indian constitution, professional tax. My blog link 3 how to upload professinal tax iii b file on mahagst new site link s. The pt deduction for a halfyear period should be rs 235 as per the pt slabs. Apr 26, 2012 frequently asked question on profession tax pt in maharashtra. In maharashtra, this duty is applicable both on individuals and companies as laid down by the guidelines of the maharashtra professional tax act of 1975. Allocation of gst taxpayers to state authorities as on 08. The maharashtra tax on entry of motor vehicles into local areas act, 1987. The state of maharashtra has passed an act known as the maharashtra state tax on. 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. The west bengal state legislature enacted the west bengal state tax on professions, trades, callings and employments act, 1979 in exercise of the power conferred by the article 276 of the constitution of india under entry no.
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. 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. The employees can claim for the income tax deduction on the profession tax under section 16iii of the income tax act, 1961. Moreover, the state may change the tax rates every year.